Vittorio Hernandez

2521-2550 (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

Rich Aussies Pay $430 Million in Unpaid Taxes, Penalties in 2013

Because of a strict campaign to collect unpaid taxes and penalties for 2013, the Australian government's coffer is richer by $430 million. The contributors are mainly the richest Australians, including racing celebrity Sean Buckley, art dealer John Ioannou and businessmen Bob Jane and Geoffrey Edelsten.

Phillip Morris to Start Selling Marijuana Under Marlboro M Brand?

It is bad that cigarettes are linked to lung cancer and tobacco firms continue to push their addicting products, especially to young people. Now, tobacco giant Phillip Morris is even making smoking more addictive by marketing marijuana cigarettes under the brand Marlboro M, according to report from a Web site named Abril Uno.

Australian Stock Market Report – Afternoon 1/24/14

The Australian share market has ended the trading week in the red, closing lower by 0.4 per cent today as weakness in financial stocks weighed on sentiment. The Australian dollar also took a beating, following comments from an external Reserve Bank board member.

Australian Stock Market Report – Midday 1/24/14

Sellers continued to make their case in early trade on Friday. There have been few consolations on offer for the bulls in recent days. A small positive has emerged on Friday. On several occasions sellers attempted to force the index through the 5250 area on a sustained basis. However buyers seemed content to defend this area. Having failed on 4 occasions, sellers retreated. Thereafter the market recovered ground quickly to be in positive territory at lunchtime. The question this afternoon will b...

Global Markets Overview – 1/24/14

Risk continued to trade with a negative tone after price action broke down in yesterday's Asian trade. The selling was really triggered by the disappointing HSBC China PMI reading which came in contractionary territory, and disappointing earnings in the US didn't help the situation.

Australian Stock Market Report – Morning 1/24/14

n US economic news the flash Markit PMI eased from 55 to 53.7 in January. Slower rates of output and new order growth were behind the modest fall. The leading economic indicators index rose by 0.1% in December. US existing home sales rose by 1% in December. Existing home sales totalled 5.09 million units over 2013 - a seven year high. The national median price for existing homes was up 9.9% on a year ago. US jobless claims rose by 1,000 to 326,000 last week.

Australian Stock Market Report –Afternoon 1/23/14

A disappointing monthly reading on the health of China's manufacturing sector pushed the Australian market and dollar lower this afternoon. The All Ordinaries Index (XAO) slipped by 1.1 per cent, the most significant daily loss in a week.

Australian Stock Market Report – Midday 1/23/14

The Australian sharemarket is slipping for the third time this week and for the 11th time in 15 sessions. The All Ordinaries Index (XAO) is down 0.1 per cent. China's HSBC Flash Manufacturing PMI will be issued at 12.45pm (AEDT) and measures the state of manufacturing activity in China. The market is expecting a slight rise from 50.5 to 50.6. A reading above 50.0 indicates manufacturing industry expansion. A surprise could move currencies.

Global Markets Overview – 1/23/14

US markets have provided no platform for Asia to move higher, so it seems we will need to see China come out firing again for the ASX 200 to make any upside traction.

Australian Stock Market Report – Morning 1/23/14

European shares edged higher on Wednesday, led by solid results from Dutch technology firm ASML. But concerns about earnings across the broader market kept a lid on the advance. ASML the world´s leading provider of tools for making computer chips, rose by 7%, after it beat forecasts for fourth quarter results and reinterred an upbeat outlook for first-half sales. Portuguese shares (down 3.3%) underperformed the broader market, pressured by a slump in the country´s banks after local media reporte...

Global Markets Overview – 1/22/14

Fundamental questions around strength of the US earnings remain; after having seen a 30% gain on the S&P in 2013, the current earning season is masking what really is a disappointing start.

Australian Stock Market Report – Morning 1/22/14

European shares rallied to a fresh 5½-year high on Tuesday. Better than expected earnings from consumer goods maker Unilever (up 1.8%) supported investor sentiment. Sales rose 8.4% in emerging economies and accounts for more than half of earnings. In addition solid German sentiment data remained near 8 year highs. The monthly ZEW survey of economic sentiment slipped from 62.0 to 61.7 in December. Economists now expect Germany´s growth expansion of around 1.7% in 2014 after 0.4% in 2013. The FTSE...

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