Australia Breaking News

EQ Resources (ASX:EQR) executed agreements to acquire two exploration companies to expand its tungsten footprint in Queensland by 45%.

Northern Minerals (ASX:NTU) said multiple foreign investors missed a July 2 deadline to divest a 17.6% stake in the rare earths company.

Asian equities fell as renewed selling in technology stocks, including Samsung Electronics Co. and SK Hynix Inc., deepened concerns that the AI-driven rally may have run ahead of itself. Futures for the tech-heavy Nasdaq 100 Index retreated 1.1%, suggesting Monday's rebound on Wall Street was losing momentum. European shares were also set for losses. Bloomberg's Avril Hong and Mark Cranfield report.

Australia is emerging as a leading destination for AI data centers, but the window to secure that advantage may be closing. Deloitte Access Economics says the country faces a "sliding doors moment" to become Asia-Pacific's AI infrastructure hub. John O'Mahony discusses what's at stake on 'Bloomberg: The Asia Trade.'

Imugene (ASX:IMU) secured firm commitments to raise $11.1 million via a share placement to fund its cancer clinical trials.

Sky Network Television (ASX:SKT) secures exclusive New Zealand broadcast rights for the NRL from 2028 to 2034 in a new seven-year partnership.

Argent BioPharma (ASX:RGT) executed a binding transaction framework for the exclusive global licensing of its epilepsy asset CannEpil.

A laden liquefied natural gas carrier was hit by a projectile near the Omani coast as it exited the Strait of Hormuz, heightening unease among shipowners and testing a US-Iran agreement intended to halt attacks in the waterway. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.

Cauldron Energy (ASX:CXU) commenced an estimated 10,000-metre air-core drilling programme at its Yanrey Uranium Project.

Nine Entertainment (ASX:NEC) executed a seven-year agreement for NRL and NRLW broadcast rights through to 2034.

Samsung Electronics Co.'s quarterly profit surged 19-fold but failed to impress investors used to eye-catching growth from the suppliers of AI chips. Bloomberg's Haslinda Amin speaks with Constellation Research's Day Wang to understand what investors are thinking.

Tyranna Resources (ASX:TYX) executed an agreement to sell its Namibe Lithium Project interest for US$1.4 million.