Australia Financial

Maas Group Holdings (ASX:MGH) has placed its shares in a trading halt after partner firm Firmus cancelled its proposed listing on the ASX.

Macau's casinos have been facing a deepening slowdown, with gaming revenue falling for a fourth straight month in September, as China tightens scrutiny of capital outflows. But Las Vegas Sands CEO, Patrick Dumont, told Bloomberg's Stephen Engle that he remains bullish on the region, amid the trade truce between China and the US.

Seema Shah, Chief Global Strategist at Principal Global Investors, discusses the AI capex cycle and the impact on investor sentiment. She speaks with Avril Hong on the sidelines of the Milken Institute Asia Summit in Singapore.

Michael Hurlston, CEO of Lumentum, says the optoelectronic products his company produces for AI infrastructure projects are effectively "sold out" through nearly 2029, driven by surging demand from technology companies. He discusses the business outlook and global demand for AI, speaking exclusively with Shery Ahn on "Bloomberg: The Asia Trade".

Firmus has withdrawn its application for an $8 billion initial public offering on the ASX due to adverse market conditions.

Baiju Bhatt, Cowboy Space's Founder and CEO, says the company is developing an energy grid in orbit. Its first satellite, Reason 1, reached orbit on a SpaceX rideshare, and the team has made contact and is communicating with it daily. He speaks with Romaine Bostick on "The Close."

True Religion CEO Michael Buckley discusses the brands comeback, noting its origins as a premium women's denim brand in the early 2000s and its recent pivot toward more affordable offerings. Gen Z interest and attention from celebrities have helped revive the brand. He speaks with Romaine Bostick on "The Close."

Patagonia CEO Ryan Gellert, discusses the company's approach to environmental activism, Gellert's views on growth and profitability, and where he believes leaders across the industry stand. He speaks with Romaine Bostick on "The Close."

Stuart Haselden CEO of Arc'teryx discusses the company's aims to nearly double revenue over the next five years by building on two strategic priorities. The company has focused on technical innovation and performance products, while divesting lifestyle products it believed diluted its brand authority. He speaks with Romaine Bostick on "The Close."

Suzanne Shank discussed how Siebert Williams Shank has expanded since launching in 1996 as a municipal bond underwriter. The firm now works across corporate debt markets, serves 80 of the Fortune 100, and remains active in municipals, with growth supported by mergers and acquisitions. She speaks with Romaine Bostick & Jess Menton on "The Close."

Applied Digital shares fell about 2.5% after its earnings report, despite first-quarter revenue rising more than 320% year over year and beating estimates. Founder and CEO Wes Cummins said that gap should narrow faster over the next 12 months, with all contracted capacity expected to be online in roughly 20 to 22 months. He speaks with Romaine Bostick & Jess Menton on "The Close."

Shares of Chipotle Mexican Grill jumped after the Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn't be immediately learned and a mega deal of this size might never get off the ground, the FT said, citing people familiar with the matter. Brian Niccol, Starbucks' chief executive officer since 2024, previously spent six years as the top executive at Chipotle, where he spearheaded a period of rapid growth. For more, we speak with Redd Brown, Bloomberg News Consumer Reporter.