AustraliaBreaking News

Hammer Metals (ASX:HMX) announced updates to its Mount Isa joint ventures, marked by a funding commitment and a partner exit.

Korean stocks are pulling back from record highs as Broadcom Inc.'s outlook for AI-chip sales fell short of elevated expectations, pausing a blistering advance in semiconductor shares. Bloomberg's Anthony Stephens breaks down the situation.

HSBC Holdings Plc and AIA Group Ltd. shares fell after a media report said some banks have suspended opening Hong Kong bank accounts for clients in mainland China that could be used for overseas investments. Bloomberg's Stephen Engle has the context.

Mayne Pharma Group (ASX:MYX) confirmed the receipt of $14.4 million from Cosette Pharmaceuticals.

The Australian Securities and Investments Commission has upgraded its preliminary probe into KPMG Australia into a full-scale.

West Africa-focused gold miner Resolute Mining (ASX:RSG) issued an operational update for its Syama Gold Mine in Mali.

Findi (ASX:FND) announced an orderly board transition alongside the commencement of a comprehensive strategic business review.

Allianz Partners will acquire Nib Group’s (ASX:NHF) ANZ travel insurance portfolio for up to $50 million.

InFocus Group (ASX:IFG) announced an operational restructuring aimed at delivering material cost reductions and a streamlined operating model.

Perpetual (ASX:PPT) has finalised a share sale deed to acquire a majority 70% stake in Victoria-based Interfi Systems.

Megaport (ASX:MP1) completed the institutional component of its fully underwritten $827.3 million entitlement offer.

Broadcom CEO Hock Tan discusses the "leap of faith" the company took when starting its work with Anthropic on chips a year ago, describing it as a "great bet."