Australia Breaking News

Hammer Metals (ASX:HMX) received a binding acquisition proposal from Austral Resources (ASX:AR1) worth $80.7 million.

Telecommunications provider Pentanet (ASX:5GG) reported unaudited group revenue of $24.4 million for the 2026 financial year.

Westpac (ASX:WBC) finalised the sale of its $15.4 billion RAMS mortgage portfolio to a multi-firm consortium.

West Texas Intermediate prices dropped after the United States paused military action against Iran.

New Zealand headquartered Vista Group (ASX:VGL) reported a 12% increase in half-year total revenue to NZ$86.3 million.

Retailer Briscoe Group (ASX:BGP) generated NZ$193.4 million in second-quarter sales, delivering a third consecutive quarter of growth.

The Australian government has ended the temporary fuel excise discount, confirming wholesale fuel prices will increase by 16 cents per litre.

Data provider Cotality reported that national auction volumes in Australia fell 19.2% year-on-year to 1,273 listings.

Bloomberg's Chris Rovzar says workplace dress codes are evolving as warmer weather, changing office culture and designer collections prompt more employees to consider wearing shorts to work. He says a Bloomberg survey finds opinion remains divided, with supporters arguing shorts can be professional in the right setting while critics maintain traditional business attire still sets the standard.

Bloomberg CityLab's Kriston Capps says a proposed $20 billion overhaul of Washington Dulles International Airport would replace aging concourses, eliminate the airport's signature mobile lounges and create a more modern hub centered on United Airlines' long-term growth strategy. He says the project would largely be funded through passenger fees, while raising broader questions about cost, design and President Donald Trump's vision for reshaping infrastructure in the nation's capital.

Rep. Jonathan Jackson says the Trump administration's policies toward Haiti, Venezuela and Cuba risk worsening instability across the Caribbean, arguing that ending Temporary Protected Status for Haitians and maintaining broad sanctions will deepen humanitarian and migration challenges. He also calls for greater transparency in US policy toward Venezuela and warns that continued pressure on Cuba could further destabilize the region.

Bloomberg Retail Reporter Lily Meier says running has evolved from a fitness activity into a lifestyle and status symbol, with run clubs fueling demand for premium apparel, accessories and social experiences. She says brands are benefiting as consumers increasingly spend on high-end performance gear that blends athletic function with fashion, even as running remains accessible to those who prefer simpler equipment.