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Australia’s Optus says ‘deeply sorry’ for cyber attack

MELBOURNE, Oct 1 (Reuters) – Australia’s second-largest telcoms firm Optus, owned by Singapore Telecommunications ( STEL.SI ), on Saturday ran a full-page apology in major newspapers for a “devastating” cyberattack 10 days ago and pointed out affected customers to a new help site. “We’re deeply sorry that a cyberattack has happened on our watch,” the …

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Barclays hit by $361 million US penalty for ‘staggering’ blunder

Sept 30 (Reuters) – British lender Barclays (BARC.L) agreed a $361 million penalty with US regulators on Thursday for “staggering” failures that led it to oversell $17.7 billion of structured products, racking up further costs for an error that has blighted CEO CS Venkatakrishnan’s first year in charge. Barclays shares rose 2% in early trading …

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Australian police seek to protect 10,000 customers after Optus hack

SYDNEY, Sept 30 (Reuters) – Australian authorities said on Friday they have begun an operation to protect the personal information of 10,000 people whose data may have been shared online after a cyber attack on Optus, the country’s second-largest telco. The efforts come three days after an unidentified person posted online that they had released …

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Japan’s factories boost output for third month in August

August output rises 2.7%, stronger than expected Manufacturers see output up in Sept, Oct Retail sales post y/y rise for the 6th straight month TOKYO, Sept 30 (Reuters) – Japan’s factories ramped up output for a third straight month in August, as the manufacturing sector showed resilience in the face of heightened fears about high …

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Toll-road operator Salik jumps 20% on market debut

DUBAI, Sept 29 (Reuters) – Dubai toll-road operator Salik (SALIK.DU) rose 20% above its listing price on its market debut on Thursday in a sign that investors still have appetite for local flotations despite skittish global markets. The company, which has 3.6 million vehicles registered on its system, raised 3.735 billion dirhams ($1.02 billion) by …

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Amazon.com unveils device that tracks breath while sleeping

Sept 28 (Reuters) – Amazon.com Inc on Wednesday announced a contactless gadget that can monitor people’s sleep, along with updates to its lineup of voice-controlled devices and e-readers. The online retailer said its $139.99 sleep gadget, known as Halo Rise, tracks room temperature, humidity and light, plus the breathing patterns of the person closest to …

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Wall Street jumps over 1% in choppy trading as yields dip

Apple down 2.83% on move to drop iPhone production boost US 10-yr Treasury yields ease from 12-year highs Biogen soars on landmark Alzheimer’s data Indexes up: Dow 1.55%, S&P 1.65%, Nasdaq 1.57% Sept 28 (Reuters) – US stock indexes jumped more than 1% in volatile trading on Wednesday as easing Treasury yields lifted rate-sensitive growth …

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Tata Motors launches $10,000 electric car in India to further its lead

NEW DELHI, Sept 28 (Reuters) – Tata Motors (TAMO.NS) launched India’s lowest priced electric car at a little over $10,000 on Wednesday as the country’s only electric vehicle (EV) maker looks to draw in more buyers. Tata leads India’s EV market, helped by government subsidies and high tariffs on imports. Its move comes as domestic …

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Italy’s Caript has no plans to invest in Monte dei Paschi, chairman tells Reuters

FLORENCE, Italy, Sept 28 (Reuters) – Italy’s Fondazione Cassa di Risparmio di Pistoia e Pescia (Caript) has no plans to invest in an upcoming new share sale at state-owned bank Monte dei Paschi di Siena (BMPS.MI), the chairman of the not-for-profit banking foundation told Reuters. “As far as Caript is concerned, an investment in Monte …

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Apple drops plan to boost iPhone production as demand falters-Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family …

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