Australia Breaking News

Nigeria plans to refinance high-cost debt and raise funds to to help plug its budget deficit, leveraging strong investor confidence amid elevated oil prices fueled by the US-Iran conflict. Finance Minister Taiwo Oyedele spoke to Bloomberg's Jennifer Zabasajja in London.

Industry superannuation fund First Super has appointed Michael McQueen as its new head of investments, effective July 1.

Meta (NASDAQ:META) has escalated its regulatory battle with Australia, accusing the nation of breaching its US free trade agreement.

Elixir Energy (ASX:EXR) announced a pivotal operational update for its high-impact Lorelle-3H appraisal well.

SpaceX is seeking to raise $75 billion in an initial public offering that would be the biggest of all time. Elon Musk's rocket, satellite and artificial intelligence company plans to market about 555.6 million shares for $135 each, according to its filing Wednesday with the US Securities and Exchange Commission. Bloomberg's Manuel Baigorri reports.

Broadcom shares fell in extended trading after the company delivered a disappointing forecast for artificial intelligence chip revenue. Chief Executive Officer Hock Tan said the company $56 billion in AI chips in the fiscal year that ends in October. The forecast that fell short of the average estimate of $57.6 billion. Bloomberg's Neil Campling reports.

Australia's trade position staged a recovery in April, swinging back into a seasonally adjusted balance on goods surplus of $1.7 billion.

Magnum Mining (ASX:MGU) secured a major land consolidation around the Piracanjuba ionic adsorption clay rare earth discovery.

The US said Israel and Lebanon agreed to a ceasefire if Hezbollah also stops fighting, contingent on "a complete cessation" of fire by Hezbollah and evacuation of operatives from Lebanese territory south of the Litani River. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.

Former Singapore Defense Minister Ng Eng Hen offers his perspective on the intersection of geopolitics and defense. He speaks with Haslinda Amin from the sidelines of 'Nomura Investment Forum Asia' in Singapore.

Darshan Hiranandani, CEO of Hiranandani Group, one of India's premier real estate and infrastructure development conglomerates, discusses how his company aims to help transform the nation into a global hub for cloud computing, AI and digital services. He speaks with Haslinda Amin from the sidelines of 'Nomura Investment Forum Asia' in Singapore.

Nomura International Wealth Management North Asia CIO Julia Wang says the chips rally in Asia is mostly justified by earnings growth, but she thinks valuation has also reset. Wang speaks with Haslinda Amin from the sidelines of 'Nomura Investment Forum Asia' in Singapore.