Vittorio Hernandez

3361-3390 (out of 7523)

Vittorio Hernandez completed a degree in Economics and studied Public Administration, as well as Development Communication. He has been writing business and general news for various publications for decades now. He joined IBTimes Australia in September 2011. He may be reached at v.hernandez@ibtimes.com.au.

@vitthernandez ibtimesau

Australian Stock Market Report – Afternoon 9/13/13

The modest losses were maintained for the duration of the session, with the All Ordinaries Index (XAO) easing by just 0.4 per cent by the close. The miners were the worst performers, with the sector slumping by 1.2 per cent.

Australian Stock Market Report – Midday 9/13/13

After five consecutive up days, the local sharemarket is giving back some of its improvements. The All Ordinaries Index (XAO) is down 0.4 per cent; however still is still 1.39 per cent firmer over the course of the week. Local stocks are also hovering around five year highs.

Australian Stock Market Report – Afternoon 9/12/13

The All Ordinaries Index (XAO) edged higher by 0.2 per cent; pulling back from the 5250pt level flirted with earlier in the session. This makes it not only five straight days of gains but also the best winning streak for Australian shares in two months.

Australian Stock Market Report – Midday 9/11/13

The Australian sharemarket is improving for the fourth straight day, the third consecutive month and both the ASX200 together with the All Ordinaries are above 5200pts. Should markets continue to rise a touch more, stocks could reach five year highs.

Executive Pay, Bonuses Cut for Newcrest Officials

Due to its net loss of $5.77 billion for the 2013 financial year caused by $6 billion asset write-downs and restructuring costs, Newcrest Mining executives took substantial cuts in their pay package and bonuses.

Tony Abbott Keeps PNG Solution, Maintains Processing on Rape Island (VIDEOS)

Australian Prime Minister-elect Tony Abbott had said during the campaign that he would stop the asylum boats from coming to the country's shores. On Monday, he called Papua New Guinea Prime Minister Peter O'Neill that the incoming Coalition government commits to maintain the offshore processing system in Manus Island, also called Rape Island by male asylum seekers.

Australian Stock Market Report – Afternoon 9/9/13

The Australian share market enjoyed a solid start to the trading week. The removal of election uncertainty, strong Chinese trade data and a successful Olympic bid by Tokyo also supported stocks in the region. Japan's Nikkei Index rose 2.5 per cent while the Shanghai Composite in China was up 3.5 per cent.

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