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Search resuls for: "Roushni Nair"


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☆ New Zealand's Fonterra appoints Neil Beaumont as CFO
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: 1 min
Nov 9 (Reuters) - New Zealand's Fonterra (FCG.NZ) on Wednesday named Neil Beaumont as its chief financial officer (CFO), to succeed Marc Rivers who announced his exit earlier this year. Chris Rowe, the acting CFO, will continue until Beaumont steps into the role in early February 2023, the company said. Beaumont has previously held senior roles at mining giant BHP Group (BHP.AX) in Chile and Australia and at auditing firm KPMG. Fonterra Chief Executive Officer Miles Hurrell said, Beaumont is "an experienced global finance leader whose expertise in strategic implementation will be a real asset to our management team." Reporting by Roushni Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ James Hardie cuts fiscal 2023 profit view as inflation clouds housing market
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +2 min
Nov 8 (Reuters) - James Hardie Industries (JHX.AX) on Tuesday lowered its earnings forecast for fiscal 2023 for the second time, as the world's largest fibre cement maker saw volumes across all three key regions tumbling amid uncertainties around a slowing housing market. Demand in the housing market has tapered down owing to an aggressive policy tightening by global central banks to contain decades-high inflation, making it less affordable for consumers to take out mortgages. The Australia-listed firm now expects full-year adjusted net income between $650 million and $710 million, down from $730 million to $780 million. "We see a weakened housing market for the remainder of our fiscal year, softening volumes in all three regions we participate in," James Hardie Chief Executive Aaron Erter said. James Hardie decided to skip the payment of an interim dividend and instead announced a share buyback program for up to $200 million, commencing immediately through to Oct. 31 2023.
☆ Factbox: Australia Inc roiled by raft of cyberattacks since late 2022
  + stars: | 2022-11-07 | by ( ) www.reuters.com   time to read: +4 min
[1/3] A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. AUSTRALIAN CLINICAL LABSAustralian Clinical Labs Ltd (ACL.AX), one of the country's largest pathology providers, said unit Medlab suffered a breach that exposed data of about 223,000 patients. TPG TELECOMAustralia's No.2 internet service provider TPG Telecom (TPG.AX) said it had been notified of unauthorised access to a hosted exchange service that hosts email accounts of up to 15,000 business customers. CBACommonwealth Bank of Australia CBA.AX said its Indonesian unit, PT Bank Commonwealth (PTBC), had been hit by a cyber incident involving unauthorised access of a web-based software application used for project management. IPHAustralian intellectual property services provider IPH Ltd (IPH.AX) said it had detected unauthorised access to a portion of its IT environment, compromising information including administrative documents and some client documents.
☆ Medibank says hacker accessed data of 9.7 mln customers, refuses to pay ransom
  + stars: | 2022-11-06 | by ( ) www.reuters.com   time to read: +2 min
Nov 7 (Reuters) - Medibank Private Ltd (MPL.AX), Australia's biggest health insurer, on Monday said no ransom payment will be made to the criminal responsible for a recent data theft, wherein around 9.7 million current and former customers' data was compromised. Highlighting findings of the firm's investigation to date, Medibank confirmed that name, date of birth, address, phone number, and email addresses for around 9.7 million current and former customers were accessed in the data theft. Koczkar added that paying a ransom could encourage the hacker to extort customers directly, hurting more people. The insurer reiterated that business operations remained normal during the time of the cyberattack, with customers continuing to access health services. Medibank warned its customers must be vigilant as the criminal may leak the data online or attempt to contact customers directly.
☆ Medibank says hacker accessed data of 9.7 million customers, refuses to pay ransom
  + stars: | 2022-11-06 | by ( ) www.reuters.com   time to read: +2 min
Nov 7 (Reuters) - Medibank Private Ltd (MPL.AX), Australia's biggest health insurer, on Monday said no ransom payment will be made to the criminal responsible for a recent data theft, wherein around 9.7 million current and former customers' data was compromised. Highlighting findings of the firm's investigation to date, Medibank confirmed that name, date of birth, address, phone number, and email addresses for around 9.7 million current and former customers were accessed in the data theft. Koczkar added that paying a ransom could encourage the hacker to extort customers directly, hurting more people. The insurer reiterated that business operations remained normal during the time of the cyberattack, with customers continuing to access health services. Medibank warned its customers must be vigilant as the criminal may leak the data online or attempt to contact customers directly.
☆ Australian regulator orders audit of bookmakers Sportsbet, Bet365
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +2 min
Nov 3 (Reuters) - Australia's financial crime watchdog on Thursday ordered an audit of Sportsbet, the country's largest online betting house operated by Flutter Entertainment (FLTRF.L), and British gambling firm Bet365 to assess their compliance with financing laws. External auditors must report within six months whether the firms are well placed to identify and mitigate money laundering and terrorism financing, conduct risk assessment, and have necessary oversight, the Australian Transaction Reports and Analysis Centre (AUSTRAC) said. Sportsbet continues to invest heavily in AML/CTF (Anti-Money Laundering and Counter-Terrorism Financing Act) compliance and in our people, processes and systems." While Australia's gambling industry has been scrutinized in recent years due to alleged money laundering by its biggest casino operators, online betting has also come under the scanner as its prevalence boomed. Reporting by Shashwat Awasthi and Roushni Nair; Editing by Shinjini Ganguli and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ China Evergrande unit gets notice for $4.48 bln loan from Shengjing Bank
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +1 min
Nov 1 (Reuters) - Debt-laden property developer China Evergrande Group (3333.HK) said on Tuesday its unit received a notice of enforcement for unrecoverable funds from Shengjing Bank Co Ltd (2066.HK). The bank said it failed to recover funds totalling 32.595 billion yuan ($4.48 billion), which was provided to the unit from 2020 to 2021, according to Evergrande. In early September, state-owned companies of the Chinese northestern city of Shenyang bought Evergrande's shareholding in Shengjing Bank in an auction for 7.3 billion yuan. read moreThe Evergrande unit's 30.99% stake in Xinjiang Guanghui Industry Investment Group, which it had pledged to the bank has now been enforced, the notice said. Evergrande, which has about $300 billion in debt, said the pledged equity interest has not been auctioned or sold to a third party.
☆ Woodside lifts output forecast as revenue soars on high energy prices
  + stars: | 2022-10-19 | by ( ) www.reuters.com   time to read: +2 min
The company became a top-10 global independent oil and gas producer after its merger with BHP's petroleum arm was finalised this year, helping it double its output. read moreWoodside gained from weaker energy supplies following the Ukraine war, which pushed liquefied natural gas prices to new highs and forced buyers to scramble for alternate supplies from countries like Australia. Woodside also said it produced 51.2 mmboe during the quarter, the first full quarter of production since its merger with BHP's petroleum arm, compared with 22.2 mmboe a year earlier. This, along with the newly acquired BHP assets, helped boost quarterly revenue to $5.86 billion, from $1.53 billion a year ago. Woodside also said its Sangomar oil and gas project in Senegal was 70% complete at the end of September, with first production targeted for the latter half of 2023.
☆ Australia's Star says regulator-named manager to run Sydney casino
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +2 min
SummarySummary Companies Star's Sydney casino license to be suspended on Oct. 21Manager appointed for Sydney casino for 90 daysFine after Star failed to prevent money laundering, criminal activityStar fined $62 million as part of disciplinary actionSYDNEY, Oct 17 (Reuters) - Australia's Star Entertainment Group (SGR.AX) said on Monday a regulator-appointed manager would be stepping in to run its Sydney casino after an investigation by an independent commission found it had failed to prevent money laundering and criminal activity. The firm was fined A$100 million ($62 million) by the New South Wales Independent Casino Commission (NICC), which also suspended its license to operate the casino in Sydney, effective Oct. 21, Star said in a statement. Register now for FREE unlimited access to Reuters.com RegisterThe suspension period will be crucial for Star to prove its merit to hold a casino license. Weeks' authority as a manager of Star's assets are limited to the operational needs of the casino. Australia's gambling industry has been in the spotlight in recent years, with public inquiries lashing its biggest casino operators due to lapses in money laundering protections.
☆ Australia's Medibank drops after ransomware attack in IT network
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +1 min
Oct 17 (Reuters) - Shares of Medibank Private Ltd (MPL.AX) dived nearly 5% on Monday even after the Australian health insurer assured clients that normal business operations have resumed following an attempted ransomware attack on its network. Shares of Medibank fell as much as 4.8% to A$3.350, their lowest level since July 19. read more read moreRegister now for FREE unlimited access to Reuters.com RegisterMedibank said last Thursday it would isolate and remove access to some customer-facing systems after it detected unusual activity on its network. read moreThe company said its investigation indicated that its cyber security systems had detected activity "consistent with the precursor to a ransomware event" but that its systems were not encrypted by ransomware. Register now for FREE unlimited access to Reuters.com RegisterReporting by Shashwat Awasthi and Roushni Nair; editing by Diane Craft, Will Dunham and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
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