Australia’s corporates are starting to count the cost of the war in the Middle East, with profit warnings from two top companies and a crash in business sentiment pointing to pain from rising prices, raising the risk of stagflation.
The country’s top airline Qantas Airways (QAN.AX) and second largest lender Westpac Banking Corp (WBC.AX) flagged their earnings could be hurt by soaring fuel prices and the impact on customers, as
