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23:05
Due to first-half fiscal year profits falling short of expectations, Westpac in Australia warns of risks from the Iran war.As the second-largest home mortgage lender in Australia, the bank reported a net profit attributable to shareholders of AUD 3.41 billion (approximately USD 2.44 billion) for the first half of the year, lower than the Visible Alpha consensus estimate of AUD 3.47 billion. This was mainly due to an increase in credit impairment provisions and weaker treasury business income. The bank recorded a credit impairment expense of AUD 443 million, higher than the AUD 250 million in the same period last year, citing a more cautious economic outlook, the addition of portfolio overlays, and an increase in newly impaired loans. Expand
22:44
American Airlines Pilots Association President: United CEO’s merger proposal demonstrates a “bold vision”The email sent to pilots shows that Nick Silva, President of the Allied Pilots Association, stated that Kirby's vision could have a "transformative" impact on passengers, communities, and American Airlines pilots. Although the email did not endorse a merger between United Airlines and American Airlines, Silva used Kirby's proposal to once again criticize the leadership team at American Airlines. Due to the airline's poor financial performance, its union is putting pressure on the company. (Reuters)
22:40
Driven by increased natural gas demand, pipeline operator Williams posted quarterly profits exceeding expectations.This company, headquartered in Tulsa, Oklahoma, has spent the past year positioning itself as a leading energy supplier for AI infrastructure, adding new power generation capacity beyond its traditional pipeline business.
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