Vittorio Hernandez

1981-2010 (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

Boxing News 2014: Will Manny Pacquiao Heed Wife’s Plea to Retire from Boxing Despite Bradley Win?

Eight-division title holder Manny Pacquiao, who just regained his WBO welterweight title from Timothy Bradley on Saturday, April 12, and the boxing world's admiration for his comeback, has a woman for his next foe. The unexpected challenge came from Pacquiao's pregnant wife who is due to give birth to their fifth child this month, Jinkee. Mrs Pacquiao, also the vice governor of Saranggani Province, pleased for her husband to hang up his boxing gloves for good just minutes after he won a un...

Australian Stock Market Report – Afternoon 4/11/14

The Australian share market closed sharply lower on Friday, following a big sell-off on US markets on fears tech stocks are overvalued. The NASDAQ closed lower by almost three per cent in the US on Thursday while the Dow Jones Index was down 267 points or 1.6 per cent.

Australian Stock Market Report – Midday 4/11/14

After two straight days of gains and almost reaching a six-year high earlier this week, local stocks are falling for the third time in five sessions. The All Ordinaries Index (XAO) is down 0.9 per cent, with almost all sectors in the red. The weakness can be partly blamed on significant weakness from U.S. stocks overnight, particularly in the technology space. Investors are perhaps questioning the value of some market darlings in recent times.

Boxing News 2014: Pre-fight Rants from Bob Arum Due to MGM Grand’s Giving Priority to Mayweather-Maidana Bout Posters Over Pacquiao-Bradley Rematch

The MGM Grand in Las Vegas, Nevada, venue of two major boxing bouts in the next few days and weeks, got the ire of Top Rank promoter Bob Arum on Wednesday. The reason for Arum's pre-fight rant is the giving by the venue organisers of higher priority to the promotion of the fight between Floyd Mayweather Jr and Marcos Maidana on May 3 over the Manny Pacquia-Timothy Bradley rematch on Saturday, April 12.

Australian Stock Market Report – Morning 4/11/14

In US economic data, new claims for unemployment insurance fell from 332,000 to 300,000 in the latest week, well below forecasts centred on a result near 320,000. Import prices rose by 0.6% in March with export prices up 0.8% - both results above expectations. And the Federal Budget was $36.9 billion in deficit in March, around half economist forecasts.

BlackBerry May Soon Stop Making Phones If Company Continues Loss

Canadian phonemaker BlackBerry is finally making some sense under new CEO John Chen. After making several failed attempts to regain its lost glory of being the top mobile phone manufacturer that resulted in $1 billion losses under its old CEO, BlackBerry is now seriously considering exiting the phone manufacturing business if it continues to suffer from further financial losses.

Australian Stock Market Report – Afternoon 4/10/14

Local stocks continued their upward trajectory today, consolidating at the best levels we've seen since June 2008. The All Ordinaries Index (XAO) added 17.2 points or 0.3 per cent by the close to finish at 5477.5 points.

Australian Stock Market Report – Midday 4/10/14

The Australian sharemarket is continuing to improve, with the All Ordinaries Index (XAO) 0.5 per cent firmer and near a six-year high. No sectors are escaping the gains, with at least modest improvements felt across the board. So far this month, local stocks have improved by 1.65 per cent.

Global Markets Overview – 4/10/14

We witnessed more green on screen for the US equity markets overnight as the FOMC minutes beat down any thought of an early rates rise in the Fed funds rate.

Australian Stock Market Report – Morning 4/10/14

In US economic data, wholesale sales rose by 0.7% in February with inventories up 0.5%. The sales data was short of forecasts centred on a 1.0% increase. The weekly index of mortgage activity fell 1.6% with purchases up and refinancing down.

Australian Stock Market Report – Afternoon 4/9/14

The Australian sharemarket had its best day in two months, with the All Ordinaries Index (XAO) ending 1 per cent firmer by the close. The ASX200 Index finished not too far off a six-year high and is 75 per cent higher than the lows hit in March 2009. At its best, local stocks were up 1.2 per cent today and the low was hit on the open, with the XAO up 0.6 per cent. All sectors improved, with some solid gains from the miners and banks helping most.

Global Markets Overview – 4/9/14

The NASDAQ broke its three-day rout with a 0.9% rise as Google, Facebook and eBay added 2%. The S&P and the Dow also broke its four-day downtrend, which will see support for the broader market, particularly the information technology space. However, this does not mean that after this slight pull back the tech space would make the sector fundamentally cheap; it is likely that the market direction in these stocks over the coming week will be downward as they return to fair value.

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