A fragile Iran ceasefire crashed oil 16% in a single session, the IMF downgraded global growth, AI deals kept flowing through the wreckage, and private credit reminded everyone it can, in fact, lose money. All the top moves, shakes, and Hormuz Strait's from Azzet's editorial team are right here in your weekly business wrap every Friday (10 April 2026). Oil markets spent the first half of the
Leading global alternative asset manager, Carlyle Group (NASDAQ: CG), has capped withdrawals from its flagship private credit interval fund after investors sought to redeem more than three times the vehicle’s quarterly limit, underscoring mounting pressure across a rapidly expanding but increasingly scrutinised asset class. In a shareholder letter reported by Reuters and Bloomberg, the $7 billi
CoreWeave and Meta Platforms Inc. have expanded their long term artificial intelligence (AI) agreement for about US$21 billion (A$29.7 billion). CoreWeave will provide AI cloud capacity to Meta until December 2032 under the deal, which is additional to a $14.2 billion similar agreement signed in September 2025. CoreWeave said the capacity would be deployed across multiple locations and inclu
Superannuation fund balances plunged in March as the war in Iran and the disruption to oil supplies erased returns since September and reduced them in the financial-year-to-date (FYTD), according to SuperRatings. The superannuation research house estimated the balance of a median balanced fund in accumulation phase fell by 3.2% in March, reducing the FYTD return to 2.8%, while the median growth
United States economic growth slowed more than previously estimated in the fourth quarter, as weaker business investment and inventory accumulation weighed on activity, according to revised government data. The gross domestic product (GDP) expanded at an annualised rate of 0.5%, the Bureau of Economic Analysis said in its third estimate. The figure marked a downgrade from the previously repo
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BYD’s high-end subsidiary Denza will be the first automaker to introduce new ultra-fast charging technology to Australia when its new Z9 GT electric vehicle arrives, with the company showcasing the car at the Melbourne Motor Show today. Denza launched in Australia 100 days ago, the most recent Australian entry of any brand at the event. The Z9 GT features Flash charging, which allows it to char
MG Motors unveiled five new vehicles at the Melbourne Motor Show as the automaker celebrates 10 years in Australia. All of the vehicles unveiled at the motor show, which started on 10 April and will continue until 12 April, were Hybrid and EV vehicles. MG Motor Australia marketing director, Dimitri Andreatidis, said these vehicles are a reflection of the feedback the company received from cu
OpenAI has introduced a new premium subscription tier for its popular chatbot ChatGPT platform priced at US$200 (A$282) per month. The privately-owned artificial intelligence (AI) research company made the announcement in this post on X. “Today, we’re adding ChatGPT Pro, a $200 monthly plan that enables scaled access to the best of OpenAI’s models and tools,” it said. The plan included un
Pershing Square, the hedge fund of investor Bill Ackman, has proposed a multibillion dollar merger deal with Universal Music Group. Ackman has been pursuing Universal for nearly five years, with this US$64 billion takeover offer the latest in his campaign. The deal would come from Pershing Square's acquisition vehicle and would be a cash-and-shares offer. Universal Music, which represents
With the prospect of higher inflation, accelerated by the threat of a protracted war in the Middle East, shifting interest rate expectations, it’s not an easy time to be investing or positioning your portfolio to ride highly volatile markets. With energy-fuelled inflation shocks casting a major shadow over fixed interest and bond markets, Azzet took a look beyond the market noise for a clearer
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