Vittorio Hernandez

1501-1530 (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 – Midday June 18, 2014

The Australian sharemarket has been modestly lower for the second consecutive session for most of the morning. A 1.5 per cent slump from the energy sector and weakness from the banks are holding stocks back most. The All Ordinaries Index (XAO) is now largely flat with the index off by just 0.2pts.

Global Markets Overview – June 18, 2014

Equities were firmer overnight despite a mixed round of economic data. In the UK, CPI came in well below estimates while in Europe the ZEW economic sentiment readings for Germany and the region also disappointed. Perhaps the weak data prompted equities higher given investors are hoping to continue seeing stimulus in Europe and low rates in the UK. In US trade it was all about the much stronger-than-expected CPI print. The reading had the market talking that perhaps the Fed's inflation target ...

Australian Stock Market Report – Morning June 18, 2014

In US economic data, the consumer price index rose by 0.4% in May - the most in more than a year - while the core rate (excludes food and energy) rose by 0.3%. Economists were tipping 0.2% increases for both series. But housing starts fell by 6.5% to 1.001 million in May after rising by 13.2% in April. Economists had tipped a result near 1.034 million. And weekly chain store sales were up 3.5% on a year earlier, up from 3.3% in the previous week.

Boxing News 2014: Floyd Mayweather Gets Truck as Father’s Day Gift from New GF Bad Medina

He may be a tough and unbeaten boxer, but like any man, Floyd Mayweather Jr also appreciates gifts on special occasions, even though he could afford to buy anything from his estimated wealth of $400 million. On Sunday, for Father's Day, he received a truck. Money May posted a video of his new toy for the big boy in Instagram where he wrote, "I want to thank @badmedina for my Father's Day gift. It's still in the shop being worked on but in 2 days it will be ready for South Beach. Time...

Iron Ore Prices Plummet to $89/Tonne

Morgan Ball, the director of BC Iron, said on Tuesday that the mood in Perth is apprehensive but pragmatic after iron ore prices dipped to its 2012 level of $89 per tonne.

Australian Stock Market Report –Afternoon June 17, 2014

Once again sellers have focussed their attention on the 5400 level for the ASX 200, and once again buyers have shown their willingness to defend the key psychological level. The lows of the session were made in the first half an hour of trade. Thereafter sellers retired for several hours and the index recovered to trade at the best levels of the day at 5417. With an afternoon largely free of event, the index retreated to end the session flat.

Private Label Brands Eat Market Share of Soup Giant

Campbell Soup's (NYSE: CPB) share of the soup market is shrinking because of changing consumer food preference as more people opt for healthier fares. This, in turn, has benefitted private-label brands whose sales are now eating into the soup giant's sales.

Australian Stock Market Report – Midday June 17, 2014

All of Monday's improvements have been wiped out after two hours of trade this morning. Continued iron ore weakness, geopolitical concerns in Iraq and Russia together with a downgrade for US growth estimates are some of the major drivers. The All Ordinaries Index (XAO) is down 0.15 per cent, with the mining and energy sectors the worst performers.

Botox Provides Relief for Headache

While headache remains one of the most common disorders of the nervous system, there is no surefire way to permanently rid of it, with people resorting to medication or expensive treatments.

Shell Sells Stake in Woodside for $5.32 Billion

Oil giant Royal Dutch Shell is selling its majority shares in Woodside Petroleum for $5.32 billion after tax. That is equivalent to 157 million shares out of 190 million, in effect reducing its stake in the oil and gas company to 4.5 per cent from 23 per cent.

Global Markets Overview – June 17, 2014

After a downbeat European session, sentiment managed to recover in US trade, despite a continuation of Iraq concerns. There was some positive data out of the US including the Empire State manufacturing index, industrial production and the NAHB housing market index. However, investors seem to be looking ahead to the Fed meeting. The IMF was also on the wires downgrading the US growth forecast for 2014 to 2% (from 2.8%) and maintained 2015 growth at 3%. Major currency pairs just continue to hold t...

Australian Stock Market Report – Morning June 17, 2014

In US economic data, the New York Federal Reserve manufacturing index rose from +19.01 to +19.28 in June, above forecasts for a result near +15. Industrial production rose by 0.6% in May, just above forecasts. And capital flows into the US totalled US$136.8 billion in April after the previous month recorded outflows of US$126.1bn.

New British Technology Ditches Dentist’s Drill

Many people who harbor fear of the dentist carry their phobia into their adult years because of the extreme pain caused by the dentist's drill, which they experienced during childhood visits to the tooth doctor.

Australian Stock Market Report – Afternoon June 16, 2014

The Australian sharemarket rose only modestly today, with a lack of major data or corporate events keeping investors at bay. The All Ordinaries Index (XAO) rose by 0.1 per cent, with the recently underperforming miners managing to record healthy gains after four straight weeks of losses.

Global Markets Overview – June 16, 2014

US markets finished the week on a positive note and largely ignored the negative sentiment from Asia and Europe. Investors even brushed off some disappointing economic readings with PPI and consumer sentiment coming in below expectations. The most significant move on Friday was perhaps Japan's sharp reversal higher after Prime Minister Shinzo Abe suggested he is looking to start cutting corporate taxes in 2015. Abe reached an agreement with lawmakers and this helped Japanese equities rally, d...

Australian Stock Market Report – Morning June 16, 2014

In US economic data, producer prices fell by 0.2% in May with the core measure (excludes food and energy) down by 0.1%. Economists had expected 0.1% gains for both measures. Consumer sentiment fell from 81.9 to 81.2 in June, below forecasts centred on 83.0.

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