Daily brief
Australia unveils changes to negative gearing and capital gains tax, as part of a budget that mixes economic reform with fuel security and spending cuts. The move targets housing affordability in a country with some of the world's costliest homes. Australian bonds hit multi-decade highs amid geopolitical tensions.
Australian miner Fortescue will pay $108 million for damage to an Indigenous group's land.
Michelin is coming to Australia, following a suspected multimillion-dollar deal.