Brisbane Times
·general
·1 hour ago
‘Ahead of us’: ANZ boss warns of future impact of Iran war
ANZ Bank chief executive Nuno Matos warned Friday that prolonged Middle East conflict poses significant economic risks ahead, as the lender reported $3.8 billion in first-half cash profits, up 6 percent year-on-year. While current financial distress among customers remains contained, Matos cautioned that extended oil constraints could shift the crisis from inflation to a supply and growth challenge.
Summary by Glance · Brisbane Times
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