Westpac’s credit exposures surge on Aussie dollar moves

Business Insider’s aviation reporters have flown economy with over two dozen airlines, but Emirates’ Airbus A350 has the fanciest coach cabin we’ve seen by far. The Dubai-based airline unveiled the U-Dream headrest on Monday, and we got to try it out at the UK’s Farnborough Airshow. It features two side wings that fold down and…

The market in Old Masters paintings has been given a new lease of life. In the first half of this year, Christie’s made $183 million from the sale of paintings created before 1850 – a 232% year-on-year increase after a long period of declining sales. That’s partly thanks to a new, younger cohort of collectors….

Key Points The transaction involved the sale of 4,373 shares at $210.42 per share on July 29 for a total value of roughly $920,200. The sale represented an 85% reduction in King’s total direct common stock holdings. King maintains a residual equity position of 742 directly held shares and additional derivative securities as of the…

ICYMI: Bessent lists reasons Fed could skip a September hike despite Warsh remarks !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Key insight: A group of bank leaders are attempting to take the future of on-chain finance into their own hands. Expert quote: “We have a lot of senior fraud, and there’s always novel transactions that go through their bank account. Imagine a future where there’s a smart contract which is associated with a transaction, where…