Vittorio Hernandez

5731-5760 (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 8/27/2012

Despite a positive start, the local share market closed slightly lower today with investors unwilling to take on too much risk ahead of an important week on the global front. Chinese shares fell to their lowest level in three and a half years, following a fall in profits from industrial companies. After rallying to an intra-day high of 4402.9pts, the local market closed down 3.6pts to 4372.9.

Australian Stock Market Report – Midday 8/27/2012

The Australian share market has regained some Friday´s lost ground today. On Friday night we saw the US market rallying higher on expectations the US Federal Reserve members stated they were willing to restimulate the US economy if needed and positive comment out of Asia. The All Ordinaries Index (XAO) opened up 24 points higher, but by lunch had given back a bit of ground, holding on to a 15 point gain at 4,391 points.

Perth Shops Now Open on Sundays, Holidays

Perth residents trooped to shopping malls and other retail outlets on Sunday for the first time as Western Australia's amended Sunday trading laws took effect on Aug 26.

International Tours with Grandparents Up 25%

The days of grandparents being left behind to age gracefully in old folks' homes are slowly changing as more senior citizens are being included in intergenerational travel bookings or going on bike tours to help fellow grannies in Africa.

BHP to Hike Coal Output by 50%

BHP Billiton (ASX: BHP) may have shelved expansion plans at the Olympic Dam, but the mining giant is still on an expansion mode in other areas of operations. BHP Chief Executive Marius Kloppers disclosed on Sunday that the company will boost its coal output in Queensland by 50 per cent by hiking production at 10 per cent for the next two years.

Australian Stock Market Report – Afternoon 8/24/2012

The Australian sharemarket maintained its losses throughout the afternoon, to end lower for the third time this week. Despite the pullback, the local market has still improved for seven of the past nine trading weeks. Shares have jumped by 2 pct so far this month and are adding to July's 3.7 pct gains.

Ferguson Insists Mining Boom Not Yet Over in Australia

Minister for Resources Martin Ferguson belied on Friday speculations that Australia's mining boom is coming to an end. While recent decisions by resource companies indicate a slowdown based on shelving or cancellation of multibillion-dollar projects, there are many ongoing ventures as well as newly approved applications that show the sector is still robust.

Government Approves $10.4B GVK Coal Mine, Rail Project in Galilee Basin

The adage that when a door closes, another window opens appears true for Australia's mining sector BHP Billiton announced it will no longer push through with its Olympic Dam expansion project, the federal government approved the $10.4-billion coal mine and rail project of Indian firm GVK Power and Infrastructure in Galilee Project.

Australian Stock Market Report – Afternoon 8/23/2012

Following a slight pullback yesterday, the Australian sharemarket managed to improve for the second time this week. The All Ordinaries Index (XAO) rose by 0.2 pct or 8.5 pts to 4411.8. The index is one of the most popular ways to measure market performance on the local sharemarket.

Australian Stock Market Report – Midday 8/23/2012

After a restless session on overseas markets the Aussie market opened higher this morning. The All Ordinaries Index (XAO) lifted at the start of trade, helped by gains in mining and banking stocks, up 24 points. But by lunch the market had reacted to the weaker than expected read on Chinese manufacturing and lost momentum with the All Ordinaries Index only holding on to a 1 point gain.

Commission Recommends 21 Changes for Women to Flourish in Defence

Sex Discrimination Commissioner Elizabeth Broderick said on Wednesday that the present atmosphere in Defence would not allow women to flourish within the organisation. To change this, she made 21 recommendations when she submitted her final report to the federal government.

Australian Stock Market Report – Afternoon 8/22/2012

The Australian sharemarket ended a touch lower by close of trade, with the All Ordinaries Index (XAO) easing by just 0.2 pct or 7.5 pts to 4403.3. On two occasions, the market briefly snuck into positive territory only to fall back into the red a few minutes later.

Australian Stock Market Report – Midday 8/22/2012

After a strong session here at home yesterday that pushed the All Ordinaries to a 3 and a half month high, markets in Europe moved higher overnight. As the trading day moved on money moved into mining stocks and commodity prices on comments from Chinese officials that more economic stimulus could eventuate in the next month or two. US markets fell away from the open of trade as investors took profits, especially in the tech sector, and the index closed below 4 year highs.

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