South Australia approved on Tuesday the application by miner Rex Minerals to construct an $800 million copper, gold and iron ore mine on prime agricultural estate in the Yorke Peninsula.
Vittorio Hernandez Jul 30, 2014
Unexpectedly losing their loved ones to a senseless war was already painful. But families of the 298 victims of Malaysia Airlines MH17 may have to endure one final blow, as authorities declared it may be already impossible to retrieve all bodies. The families may have to source from elsewhere their much needed closure.
Jul 29, 2014
Share prices of El Pollo Loco Holdings Inc (Nasdaq: LOCO) increased by over 33% on its first day of trading on Friday, July 25, pointing to another hot stock for retail investors to look into.
Vittorio Hernandez Jul 29, 2014
Expect another day of hushed trading as the market continues to bide its time ahead of the mass data releases at the end of the week.
Vittorio Hernandez Jul 29, 2014
In US economic data, the "flash" services index was unchanged at 61.0 in July, above forecasts centred on a result near 59.8. The pending home sales index fell by 1.1% to 102.7 in June, below forecasts centred on a 0.5% gain. And the Dallas Federal Reserve index rose from 11.4 to 12.7 in July.
Vittorio Hernandez Jul 29, 2014
Australian miners are pessimistic about the future of the mining industry, which was responsible for the current economic boom of the country, in the next few years.
Vittorio Hernandez Jul 29, 2014
After a quiet night of trading on overseas market, where the Dow Jones index closed 3 points weaker and the NASDAQ composite ended down 2 points - the Aussie market closed slightly lower today. At the close of trade the ASX 200 ended down 0.08% or 4.3 points to 5,583 points, the volume traded on the market were once again light as many larger investor wait out of the market ahead of the upcoming profit reporting season here in Australia and key economic data out in the state and china next week....
Vittorio Hernandez Jul 25, 2014
The Australian sharemarket is falling for the first time in eight trading days, with the All Ordinaries Index (XAO) down 0.3 per cent. The falls are still only modest due to a lack of major drivers overnight. Shares in the U.S. finished largely flat despite the S&P500 continuing to hit fresh record highs on a daily basis. Some positive signs for US employment were offset by disappointing profit results.
Vittorio Hernandez Jul 25, 2014
Pope Francis was every inch visibly moved when he met on Thursday Meriam Ibrahim, the Sudanese woman who refused to recant her Christian faith even as a death sentence loomed over her head.
Jul 25, 2014
While equities continue to extend their gains, sentiment appears to be a bit mixed as the major currency pairs maintain some tight ranges. While there were a few developments overnight, the dominant theme remained US corporate earnings and optimism around an improving global manufacturing picture. US unemployment claims came in at the lowest since February 2006 and this saw the four-week average drop to around 300,000. This is a good sign heading into next week's non-farm payrolls data. With ...
Vittorio Hernandez Jul 25, 2014
US economic data: New home sales fell by 8.1% in June - the biggest decline in almost a year. US jobless claims fell by 19,000 to 284,000 - the lowest level in nearly 8½-years. US Flash PMI fell from 57.3 to 56.3 in July, below analyst expectations for a reading of 57.5.
Vittorio Hernandez Jul 25, 2014
The $530-billion Saudi Arabia stock exchange plans to open its doors to foreign investors for the first time in 2015. The move aims to reduce the kingdom's dependence on oil revenue and bring in more international investments.
Vittorio Hernandez Jul 25, 2014
The Australian market closed higher again today boosted by the better than expected "Flash" Chinese manufacturing data for July. The HSBC China flash Purchasing Managers' Indexes (PMI) for July hit a 18month high up 52.0 boosted by new orders up from 50.7 points in June and better than the BLOOMBERG market survey expected of 51.0.
Vittorio Hernandez Jul 24, 2014
The Australian market opened stronger today as expected and by lunch the market had been boosted by the better than expected "Flash" Chinese manufacturing data for July. The HSBC China flash Purchasing Managers' Indexes (PMI) for July hit a 18month high up 52.0 boosted by new orders up from 50.7 points in June and better than the BLOOMBERG market survey expected of 51.0.
Vittorio Hernandez Jul 24, 2014
At least 32,000 people in Taiwan were left without power supply after typhoon Matmo pummeled the east Asian country. Matmo has likewise made landfall in China, the country's second weather disturbance within a week.
Jul 24, 2014
Yahoo!, which owns a 24% stake in Alibaba, said that the Chinese e-commerce giant that is launching an initial public offering (IPO) sometime in August has agreed to the tech firm's request to reduce the maximum number of shares it sells in the launch to 140 million from the initial plan of 208 million.
Vittorio Hernandez Jul 24, 2014
It was another positive night for equities, with gains through European and US trade mainly driven by optimism around US corporate earnings. Geopolitical risk was largely ignored yet again with traders favouring equities.
Vittorio Hernandez Jul 24, 2014
IMF released updated US growth forecasts. US growth forecasts for 2014 were lowered from 2% to 1.7%. 2015 growth forecasts were kept at 3% - which would be the fastest expansion since 2005. The IMF believes the Fed can keep policy rates at zero for longer than mid-2015 if inflation stays subdued.
Vittorio Hernandez Jul 24, 2014
Today was a solid day for the markets and investors at last we saw the market putting some good ruins on the board and the ASX 200 hit a new 6 year high. The market was boosted by positive quarterly numbers from BHP Billiton Limited (BHP) and a strong rally into bank, insurance and transport stocks.By the end of trade the All Ordinaries Index had added 33 points and the ASX up 0.6% to 5576.7 points. The market trading volume increased today to 2.3Billion shares and all sectors closed higher.
Vittorio Hernandez Jul 23, 2014
Major U.S. airlines suspended their flights to Israel on Tuesday, July 22 after a rocket attack on the Ben Gurion International Airport in Tel Aviv.
Sounak Mukhopadhyay Jul 23, 2014
After a solid session on Wall Street the Australian market opened higher. Our market boosted by positive quarterly numbers from BHP Billiton Limited (BHP) and money going back into the banking sector.
Vittorio Hernandez Jul 23, 2014
Global macro concerns may have outweighed trading yesterday due to light reporting; however out of the 36 individual companies that reported to the market, 79% beat expectations, meaning bottom-up actuals outpaced the global gloom being generated by geopolitics.
Vittorio Hernandez Jul 23, 2014
In US economic data existing home sales rose for the third consecutive month in June, up 2.6% to an annual rate of 5.04 million - an eight month high. The Consumer Price Index rose 0.3% in June to be up 2.1% over the year. Gasoline accounted for two-thirds of the gain lifting by 3.3% in June. Stripping out food & energy prices, core CPI rose by a tame 0.1% in June to be up 1.9% on year ago.
Vittorio Hernandez Jul 23, 2014
Following the success of the Abbott government to repeal the carbon tax law, BHP Billiton (ASX: BHP) is challenging the Coalition to also repeal another tax initiated by the past Labor government under former Prime Minister Julia Gillard - the mining tax.
Vittorio Hernandez Jul 23, 2014
It was another very quiet day on the Aussie market with total market turnover only at 2Billion shares well down own the daily average. Investors nervous about entering the market at present and larger investors sitting the day out from trading ahead of tomorrow´s June quarter inflation numbers (CPI).
Vittorio Hernandez Jul 22, 2014
Usually a 2 points gain at the start of trade would not be seen as a strong start but since the SPI futures had our market set for a decline and we had weakness in overseas market this was a good start. But the joy was short lived with the market moving into the red within 30 minutes of trade.
Vittorio Hernandez Jul 22, 2014
The black boxes or flight recorders of downed Malaysia Airlines MH17, an essential electronic recording device placed in an aircraft that would greatly facilitate investigations in the event of an aviation accident or incident, are finally in the hands of Malaysian authorities.
Jul 22, 2014
Global macro concerns outweighed further bottom-up strength from US earnings overnight, as the Gaza-Israel conflict raged on and the squeeze on Russia politically saw its index take a further pounding.
Vittorio Hernandez Jul 22, 2014
European shares eased on Monday with investors concerned about ongoing tensions between Russia and western nations. Fresh violence has flared up in Donetsk in eastern Ukraine. The FTSEurofirst 300 index fell by 0.5% with the German Dax down by 1.1% while the UK FTSE lost 0.3%. Australia´s major miners were mixed in London trade with shares in BHP Billiton up by 0.1% while Rio Tinto lost 0.2%.
Vittorio Hernandez Jul 22, 2014
The Australia stock market finished the day higher as the ASX 200 added 8 points, while the broader All Ordinaries index was up 9.2 points. The volume was very light today and the public holiday in Japan also impacted international trading volumes.
Vittorio Hernandez Jul 21, 2014
