The credit rating of “AAA” of the US was affirmed by Moody. Moody's Investor Services affirmed the United States' credit rating of AAA. The main reason for the affirmation was a shrinking budget deficit.

Consumer inflation was recorded at 0.5% last June, a figure that exceeded economists projections to reach about 0.3%.

Spanish lender BBVA agrees to sell its Panama unit for US $646 million in favor of Colombia’s second biggest banking conglomerate.

Police said that a woman died while riding the Texas Giant roller coaster at Six Flags over Texas. A woman died yesterday after falling from the Texas Giant roller coaster at the Six Flags Over Texas in the city of Arlington, the theme park officials said in a statement.

Visco of ECB stressed the importance of communication in an exit strategy. Ignazio Visco, a member of the European Central Bank Governing Council, stated that central banks needed to work on improving communication when it comes to exiting from an unprecedented monetary policy.

After reports of Apple's buyout of HopStop.com, another startup was acquired by the tech giant.

Phone snatching reports have increased in major cities such as London, San Francisco and New York. Increased incidents of phone snatching and thievery in key cities of London, New York and San Francisco prompted the cities' officials to pressure Apple to create a "kill switch".

Batista's worth went down 74% after losing more than US$30 billion. The richest man in Brazil, Eike Batista, saw his worth go down 74% this year.

Amidst the fall of their city, Detroit's sports teams have a positive outlook. Despite the city of Detroit's filing for bankruptcy, the Detroit Red Wings are looking optimistic.

Passengers of Asiana Airlines that crashed while landing on July 6 in San Francisco have filed a petition against Boeing Co.