Australia Breaking News

Australia will review $270m in KPMG contracts and reopen big-four governance probe as a data-misuse scandal expands.

Emperor Energy (ASX:EMP) achieved critical operational milestones ahead of its planned drilling campaign at the Judith-2 Appraisal Well.

Empire Resources (ASX:ERL) is set to start its second reverse circulation drilling programme at Yuinmery Project.

Deeply negative sentiment may be setting the stage for a recovery in Indian equities, according to Devina Mehra, Chairperson and MD of First Global. She argues that widespread pessimism and heightened focus on risks historically improve the probability of stronger market returns, while valuations are not as elevated as commonly perceived. She spoke with Menaka Doshi on Bloomberg's Insight with Haslinda Amin

Hong Kong financial stocks fell after a report that some banks have suspended opening bank accounts for clients in mainland China, as part of a broader push to stem capital flight after Beijing launched a crackdown on illegal cross-border trading. Bloomberg Intelligence's Francis Chan and Steven Lam discuss the implications.

NBA superstar Stephen Curry has signed an endorsement deal with Li Ning, giving the Chinese sportswear giant one of the world's most recognizable basketball ambassadors. Bloomberg Opinion columnist Juliana Li says Curry has the capacity to take the Chinese company global.

Ainsworth Game Technology (ASX:AGI) faces a leadership shake-up following the resignations of Chairman Danny Gladstone.

The Ebola Bundibugyo strain is spreading fast with no known treatment or vaccine, and the international system built to contain outbreaks is in crisis. Bloomberg's Jennifer Zabasajja reports.

AuKing Mining (ASX:AKN) announces a major exploration breakthrough at its Tundulu Rare Earth Project in Malawi.

Airwallex has acquired premier financial data automation platform Leapfin to accelerate its financial software suite expansion.

Chen Haofei, Chief Strategist & Head of Research at BOC International, says a K-shaped economy can help reallocate resources in China. He speaks with Yvonne Man on Bloomberg's The China Show.

Aerometrex (ASX:AMX) secured a major aerial imagery and spatial data services contract with the New South Wales government.