Tol won’t pay the ransom
[ad_1] Many of Toll’s services are back online after disruptions caused by the group isolating its systems to prevent the spread of a “targeted malware” attack the company suffered on January 31. A spokesperson for the company told Investor Daily…
CBA increases dividend amid a slight profit drop in full-year results
[ad_1] In an ASX announcement on Wednesday, CBA said its statutory NPAT came in at $9.48 million for the full financial year, down 6 per cent from last year’s record result. The decline in NPAT, CBA explained, was due to…
Japan’s ‘excessive’ sell-off prompts funds to call for calm
[ad_1] Investment managers attributed a “constructive” outlook for Japanese stocks amid heightened investor anxiety following the market’s double-digit declines in early August. Buoyed by macro and systemic trade amid fears of a US recession, the Bank of Japan’s (BOJ) surprise…
Tol returns after a cyber attack
[ad_1] The majority of Toll’s domestic networks and consumer access are now operational and the company continues to carry large volumes of international air and ocean freight. “While we work to restore secure IT systems, Toll teams around the world…
Driving on a foggy night: Fed cuts interest rates by 0.25%, but suggests future rate cuts will be smaller
[ad_1] The Fed lowered its target rate by 25 basis points, bringing the federal funds rate range from 4.25% to 4.5%. The move marks the Fed’s third consecutive rate cut since September, totaling 100 basis points over the period. Fed…
Magellan’s profit shows signs of stability despite ‘challenging few years’
[ad_1] In its full-year results released on the ASX on Wednesday, Magellan Financial Group reported a 2 per cent rise in adjusted net profit after tax (NPAT) to $177.9 million. Statutory NPAT was reported to have risen 31 percent to…
ASX launches tech index, expects super to attract foreign firms
[ad_1] The S&P/ASX All Technology Index (All Tech Index), launched in partnership with S&P Dow Jones Indices, will go live on Monday under the ticker XTX. The new index includes ASX-listed companies in the technology sector, starting with 46 members…
Fiducian reports 10% FUMAA growth, optimistic outlook
[ad_1] In its full-year results released on the ASX on Thursday, Fiducian reported a jump in gross revenue to $80.8 million from $73.3 million a year earlier. Statutory net profit after tax (NPAT) was $15 million, up from $12.3 million…
A tech war could tear the internet apart
[ad_1] Earlier this month, Huawei was the subject of a series of indictments by the US Department of Justice (DOJ) accusing the telecom of racketeering, stealing state secrets and aiding rogue nations – including Iran and North Korea – in…
Fears of a US recession lead to the rotation of stock funds in August
[ad_1] Of the 220 respondents to Bank of America’s (BofA) Fund Managers Survey (FMS) from August, nearly 1 in 2 (47 percent) respondents agreed that a weaker global economy is guaranteed over the next 12 months, with optimism for China…