Vittorio Hernandez

4471-4500 (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

1/3 of Lady Gaga’s $52M Income Came from Twitter Account

Twitter is not just about sharing to the world in 140 characters about your thoughts. It's also about money, and not just for the founder but also members who have been cashing in on their Twitter accounts through humour or just because they are celebrities.

Australian Stock Market Report – Afternoon 3-26-13

Local stocks fell back into the red today, after the Dutch Finance Minister spooked investor sentiment claiming the Eurozone bailout for Cyprus could establish a template for other EU nations needing financial rescue. He then tried to backtrack, saying each case would be dealt with on a merit basis, but the damage was done with US markets closing lower.

Australian Stock Market Report – Midday 3-26-13

Global markets have seen volatile trade in the last 24 hours. European stock indices rose in the early part of their session as investors celebrate the announcement of a Cypriot bailout. The celebrations were short lived. Market turned south after Eurogroup Chairman Dijsselbloem suggested that the Cypriot deal should be used as a template for future Eurozone bank "bail-ins". Previously rhetoric from officials had made the point that the Cypriot measures, particularly around depositors, wer...

Cyprus Bailout 2013: Laiki, Bank of Cyprus Open Tuesday; Other Banks to Open Thursday

Banks across Cyprus are expected to be deluged with account holders withdrawing their money despite the setting aside of the controversial deposit tax when the lenders open their door once again on Thursday, March 28. The Central Bank of Cyprus, which ordered all banks closed since March 16 to prevent a bank run, allowed on Monday the banks to reopen by Thursday following a new bailout scheme.

Australian Stock Market Report – Afternoon 3-25-13

The tiny island nation of Cyprus appears to have secured a bailout, reaching a deal with its international creditors. It means Cyprus won't have to leave the Eurozone which has alleviated some contagion fears. As part of the deal, - Cyprus's second largest bank will be closed and the government will receive €10 billion in financing from the Eurozone. Today's breakthrough saw the Euro rise, along with Asian markets today.

Australian Stock Market Report – Midday 3-25-13

The Australian sharemarket is off to a positive start, with the All Ordinaries Index (XAO) up 0.6 per cent. We're coming off the back of the biggest weekly fall for the local market since May last year.

Labor Ballot May Lead to Cabinet Revamp by PM Julia Gillard

Expect bloodbath in the Gillard cabinet following the leadership challenge dare made by senior Labor Minister Simon Crean. Reports said that Australian Labor Party (ALP) leader and Prime Minister Julia Gillard will announce on Monday a cabinet revamp following recent developments in the party.

Australian Nun Who Served in India on the Road to Sainthood

The election of Pope Francis in the middle of March appears to have been a lucky precedent for Australian even if the country's representative in the conclave, Cardinal George Pell was not even considered a papabili. On the last week of the month, which coincides with the Catholic Holy Week, a second Australian makes the first step towards sainthood.

Japan Discovers Rare Earths Deposits at Minami Tori Shima Island 20 Times More Concentrated than China’s

The Japan Agency for Marine-Earth Science and Technology and the University of Tokyo reported over the weekend the discovery of a large deposit of rare earths at the Minami Tori Shima Island on the easternmost part of the country. The deposit is reportedly 20 to 30 times more concentrated than rare earths deposits in China, which has the potential of breaking Beijing's monopoly of those types of resources.

Sex Abuses in Church: 1st Case for Pope Francis Involves Claims that Cardinal O’Brien Had Long-Term Physical Relationship With Priest

Scottish Cardinal Keith O'Brien's problems apparently did not end with his being sacked just before Pope Emeritus Benedict XVI retired as pontiff on Feb 28. It appears that the cardinal's sex abuse case would be the first that new Pope Francis will have to investigate following claims by the complaining priest that he had a long-term physical relationship with Cardinal O'Brien.

Australian Stock Market Report – Afternoon 3-22-13

The Australian sharemarket managed to improve modestly for the first time this week, with the All Ordinaries Index (XAO) rising by just 0.1 per cent. Despite the gains, local shares slumped by 2.9 per cent over the past five sessions. Weakness from the miners continues to be a drag on trade, with iron ore prices slumping by around 15 per cent in just a month. The moves by BHP Billiton, Rio Tinto and Fortescue are quite closely correlated to iron ore price moves in general.

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