Australia Breaking News

Maritana Minerals (ASX:MRT) has commenced a 4,000-metre drilling programme at its Wilsons Gold prospect in Western Australia.

Austral Resources Australia (ASX:AR1) secured $15 million in royalty funding from the Queensland Critical Minerals Fund.

NZME (ASX:NZM) has agreed to acquire print plant equipment from Stuff's Petone facility in an up to NZ$15 million deal.

Woodside Energy (ASX:WDS) agreed to sell its 70% stake in the Trinidad Calypso Gas Project to BP (NYSE:BP).

Charter Hall Retail REIT (ASX:CQR) reported full-year operating earnings of $153.4 million, up 4% from the prior year.

Iran will seek to bar US and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before they're allowed to use it, according to local media reports on a proposed Iran-Oman deal. Bloomberg's Michael Heath reports.

Coles (ASX:COL) has entered an expanded agreement with Accenture to outsource up to 1000 Australian back-office roles in India.

Therapeutic wound care company AVITA Medical (ASX:AVH) reported record second-quarter net revenue of US$21.7 million.

ResMed (ASX:RMD) reported a 9% increase in fourth-quarter revenue to reach US$1.5 billion.

Furniture retailer Nick Scali (ASX:NCK) reported a 31.2% increase in full-year statutory profit to $75.7 million.

Federal Reserve Bank of St. Louis President Alberto Musalem explains why he expressed a preference to raise rates at the Federal Open Market Committee's July meeting. Speaking at an event in São Paulo, Musalem also discusses the outlook for inflation.

Trex CEO Adam Zambanini joins Bloomberg Businessweek Daily to discuss the deck materials company's latest earnings results, the company's total addressable market, push into the Southern Sunbelt, customer demand, and more. He speaks with Carol Massar and Tim Stenovec.