Vittorio Hernandez

2611-2640 (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 1/13/14

The local market worsened its position from lunch through to the close of trade, with the All Ords Index sliding by a little over 0.3 per cent. At its worst, the index was down 0.41 per cent and edged higher by 0.09 per cent at its best.

Australian Stock Market Report – Midday 1/13/14

The Australian sharemarket is in the red for the sixth time in seven trading days following disappointing U.S. jobs growth. The All Ordinaries Index (XAO) is 0.1 per cent lower, with the mining sector the lone improver at lunch.

Australian Stock Market Report – Morning 1/13/14

In US economic news, non-farm payrolls lifted by just 74,000 in December, the smallest rise in three years. The unemployment rate fell from 7.0% to 6.7% - the lowest in over five years. US wholesale inventories rose by 0.5% after a revised 1.3% rise in October - suggesting that restocking would contribute to December quarter GDP.

Australian Stock Market Report – Afternoon 1/10/14

To use some nautical imagery, the ASX 200 on Friday was a sail boat in search of a breeze to fill its sails. As such moving air was hard to come by; this was reflected in some of the slightest volumes of the week early in th session.

Australian Stock Market Report – Midday 1/10/14

The Australian sharemarket is slipping for the fourth time this week, with the All Ordinaries Index down by 0.2 per cent. Global markets did little to inspire investors, with European stocks dropping by around 0.8 per cent, while American equities finished a touch weaker.

All Norwegians Are Crown Millionaires, Thanks to High Oil Prices (VIDEOS)

Don't you wish your mum or dad or both parents were Norwegian? That' because if they were, the family then would have been millionaires.The event when all Norwegians become theoretical crown millionaires happened on Wednesday when Norway's Government Pension Fund Global, which was established in 1990, rose in value to 5.11 trillion crowns or $828.66 billion. With a population estimate of 5,096,300, that made everyone a millionaire.

Global Markets Overview – 1/10/14

Equities remain mixed heading into the non-farm payrolls data. Expectations are riding high after the private payrolls reading released yesterday smashed estimates. Unemployment claims data released in US trade also showed some positive signs coming in at a lower-than-expected 330,000 (versus 337,000), lowering the four-week moving average to 349,000. All this positive data continues to support the argument that perhaps the US economy is ready for a rapid measured winding back of stimulus.

Australian Stock Market Report – Afternoon 1/9/14

The Australian sharemarket was in the red for most of the day, only to surge in late trade. The All Ordinaries Index (XAO) rose by 0.17 per cent, with only the mining, telco and utility sectors finishing lower.

Global Markets Overview – 1/9/14

The FOMC minutes were the main event of the overnight session and really didn't bring too many surprises. With most Fed members supporting the decision to taper as the economic benefits of the program have diminished, the conversation has switched to whether we'll see a more deterministic path to winding back on asset purchases.

Australian Stock Market Report – Morning 1/9/14

In US economic news, the ADP National Employment Report showed the private sector added 238,000 jobs in December - the fastest pace in 13 months. Analysts are looking for around 200,000 jobs to be added on Friday´s non-farm payrolls number.

Australia’s Live Cattle Export to Indonesia to Go Up by Over 70% in 2014

The Australian live cattle export industry to Indonesia is expected to receive a boost in 2014, resulting in over 70 per cent increase of volume. It would reverse the large cuts made Jakarta the past few years in retaliation for the expose of mistreatment of the animal before slaughter and to reduce heavy reliance on imported Australian meat.

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