Vittorio Hernandez

The photo of Australian jihadist Mohamed Elomar posted on Twitter showing the Sydney-born boxer posing with decapitated heads went viral on YouTube. Elomar was even seen smiling.

Johnny Lee Banks Jr of Birmingham filed a lawsuit on Tuesday at the Jefferson County Circuit Court against the Princeton Baptist Medical Center for malpractice. The lawsuit includes the hospital, a clinic, two doctors and other hospital staff involved in his medical procedure.

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....

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.

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 ...

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.

Unbeaten American boxer Floyd Mayweather Jr appears to be preparing to hang his gloves and become a full-time boxing promoter like Oscar dela Hoya, based on the number of promoter licences he is acquiring.

Opinions often differ when it comes to surveys, not to mention the high cost and effort of conducting one. That is, scientists are beginning to consider other ways to measure occurrences such as illicit drug abuse.

The planned initial public offering (IPO) of Healthscope is expected to raise for the second-largest hospital operator in Australia $2.12 billion with private equity giants TPG Capital Management and Carlyle Group reportedly pricing the shares at $1.98, the upper end of the target range, Reuters reported.

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.

The global aviation industry has yet to recover from the twin blows caused by the mysterious disappearance of Malaysian Airlines Flight 370 on March 8 and the bombing of Malaysian Airlines Flight 17, another major air disaster looms as reports said an Air Algeria plane with 116 people on board is also missing.

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.

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.

More and more people in the land down under are subscribing to Internet radio, the latest figures show.

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.

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.

It is not only Australians who would be affected by the cuts made in Radio Australia's budget, but also residents of nearby Pacific isles who rely on the broadcaster for weather updates.

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.

Global anger grows at Russia, believed to be behind the Moscow-initiated missile hit on Malaysian Airlines Flight 17 that took 298 lives, but many Russians are unaware of that. The reason is because they are being bombarded by a constant diet of conspiracy theories regarding the aviation tragedy, with Ukraine being pictured as the culprit by Russian media.

Opioid abuse more or less results in more than half a million years of life lost per year, a report by PsychCentral said.

Three of the big four banks in Australia cut their fixed interest rates on Wednesday to below 5 per cent as part of a rate war among the lenders. The rate war provides borrowers the opportunity to enjoy record-low interest rates on the long term.

After Floyd Mayweather Jr officially announced that he will have a rematch with Argentinean boxer Marcos Maidana on Sept 13, boxing fans immediately showed their interest in the second fight that ticket sales are moving fast, reported Forbes.

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.

The consensus in the global aviation industry is that embattled Malaysian Airlines is teetering on the brink of bankruptcy. With two major air mishaps that could create a minimum $80 million hole in the Kuala Lumpur-based company's shaky finances, it would not be a surprise to hear the air carrier announcing its closure soon.

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.

Canadian phonemaker BlackBerry is on a rebound. After being dismissed as a has-been company and anticipated to die soon, the Waterloo-based tech firm appears not only for a recovery but even growth.

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.

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.

Law enforcement agencies and moralists would surely disagree with the proposal to decriminalise prostitution, which got a major support from a credible publication. Editors of The Lancet, a leading medical journal, supported the decriminalisation move to protect the health of sex trade workers. To reduce the risks of HIV and other sexually transmitted diseases that hit women and men in the flesh trade, there is no alternative except to push for prostitution's decriminalisation, the editors sa...