Vittorio Hernandez

2131-2160 (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

Another Aviation Disaster: Small Cessna Jet Crashes in Brisbane, Kills 4 Skydivers & Pilot

The global aviation industry and governments have yet to resolve the mystery of the missing Malaysian Airlines Flight 370 when another air tragedy occurred on Saturday. Courier Mail reported that the Cessna 206 crashed at Caboolture Airport at about 11:30 am and burst into flames at the airfield north of Brisbane, Queensland. The air mishap killed all five people aboard the small jet, namely the male pilot, two male skydiving instructors and a male and female skydiver.

Australian Stock Market Report – Midday 3/21/14

The Australian sharemarket is edging higher at lunch, following a hefty 1.12 per cent slump recorded on Thursday. The All Ordinaries Index (XAO) is up 0.34 per cent, with mining stocks the biggest contributors to today's strength. U.S. stocks improved by 0.7 per cent overnight.

Global Markets Overview – 3/21/14

As commentators continue to debate the fall-out from Yellen's first run as chair after quantifying 'a considerable amount of time' as around six months. The markets have moved on from the press conference by completely erasing all losses from her speech.

Australian Stock Market Report – Morning 3/21/14

In US economic data, new claims for unemployment insurance rose by 5,000 to 320,000 in the latest week. Existing home sales fell by 0.4% to 4.60 million in February, as expected. The leading index rose by 0.5% in February, above forecasts for a 0.2% gain. And the Philadelphia Federal Reserve index rose from minus 6.3 points to +9.0 in March, above forecasts for a result near +3.8 points.

Australian Stock Market Report – Afternoon 3/20/14

Local stocks fell for the second time this week, with the All Ordinaries Index (XAO) down 1.1 per cent. No sectors escaped the selling by the close of trade, with losses between 0.2 per cent and 2 per cent recorded across the market. The mining sector was the biggest drag, slumping by 2.03 per cent. Australia's four largest miners - BHP Billiton (BHP), Rio Tinto (RIO), Newcrest Mining (NCM) and Fortescue Metals (FMG) wiped out 11.8 pts from the All Ordinaries Index (which fell by 60 pts today...

Australian Stock Market Report – Midday 3/20/14

The Australian sharemarket is losing ground for the second day this week and is trading at a one-month low. The All Ordinaries Index (XAO) is down 0.9 per cent, with only the defensive utilities managing to rise modestly.

Global Markets Overview – 3/20/14

Janet Yellen's first address as chair seems to be going smoothly. As expected, the Fed continued to taper its asset purchases program by moving the monthly rate by any other $10 billion to $55 billion from $65 billion a month, split evenly between treasuries and mortgage-backed securities.

Australian Stock Market Report – Morning 3/20/14

The US FOMC meeting resulted in the Fed reducing monthly asset purchases from $65 billion to $55 billion. The minutes suggested a shift in forward guidance. The Fed dropped its promise to hold rates steady ´´well past the time´´ the US unemployment rate falls below 6.5% and will look to use a wide range of measures in deciding when to raise rates. The Fed´s assessment of the recent US economic weakness was chalked up to adverse weather conditions. The US Current account deficit narrowed from $96....

Pages