Critical Resources secures key New Zealand permit approvals
Critical Resources (ASX:CRR) said the New Zealand Minister of Energy and Resources granted formal consent for the transfer of five key prospecting permits.
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Critical Resources (ASX:CRR) said the New Zealand Minister of Energy and Resources granted formal consent for the transfer of five key prospecting permits.
Qantas (ASX:QAN) faces a potential 50% profit slump as rising fuel costs and Middle Eastern conflict create a "perfect storm."
Lloyd Blankfein, the former chairman and CEO of Goldman Sachs, remains wary of systemic "kindling" despite a banking sector that is currently better capitalized than in previous crises. In an interview with Bloomberg's Francine Lacqua, he weighs the "balancing act" of Donald Trump's policy outcomes against the unpredictability of the global energy supply. Blankfein warns that the long absence of a market reckoning has allowed private equity inventory to accumulate like tinder.
New Zealand's Tower (ASX:TWR) appointed Simon Hoole as its Interim CFO, effective May 1.
St Barbara (ASX:SBM) confirmed all conditions were met for the Lingbao Gold Group investment in the New Simberi Gold Project.
Vanguard Head of Fixed Income Client Portfolio Management Matt Wrzesniewsky discusses bonds losing more than $2 trillion as the war in Iran continues to cause ripples through markets. He talks with Katie Greifeld and Romaine Bostick on "The Close."
Australia introduces the Treasury Laws Amendment Bill 2026 to double fines for fuel price gouging amid shortages.
Japan warns Australia that a proposed LNG windfall tax could cripple investment and strain relations amid the Middle East energy crisis.
The Albanese Government announced a temporary suspension of entry for Iranian citizens travelling to Australia, effective March 26.
Prologis CEO Dan Letter joins Bloomberg Businessweek Daily to discuss the state of global logistics and shipping as geopolitics and associated risk impacts the firm's customer base. However, Prologis is optimistic about its data center business. Letter says the company's strong relationship with hyperscalers is ongoing, bolstering "a fortress of a balance sheet" as Prologis continues to secure longer-term power capacity. Letter speaks with Carol Massar and Tim Stenovec.
OpenAI plans to discontinue its Sora AI video generator six months after the high-profile launch of a standalone app for the service, as the company works to simplify its portfolio of artificial intelligence products. The ChatGPT maker and Walt Disney Co. are also winding down their partnership, which had centered on Sora, OpenAI said Tuesday. Disney had previously agreed to license iconic characters including Mickey Mouse and Cinderella to OpenAI for use on Sora and to take a $1 billion stake in the startup. The deal was entirely in stock warrants rather than a cash licensing fee, Bloomberg has reported. Bloomberg News AI Reporter Rachel Metz joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.
The White House insisted that peace talks with Iran are ongoing, even as Tehran publicly rejected US overtures and issued fresh conditions of its own to end the conflict that's wreaked havoc across the Middle East and global markets. "The United States has been engaged over the last three days in productive conversations," White House Press Secretary Karoline Leavitt told reporters on Wednesday. "You're beginning to see the regime look for an exit ramp." Bloomberg News Middle East Reporter Dan Williams joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.
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