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.
Investors
Production for next-gen Chevrolet Cruze delayed
The production of next-gen Chevrolet Cruze will be delayed by a year after sources familiar with the deal said that it's more likely to start in December 2015.
GE shares at highest level since 2008
The shares of General Electric have reached its highest level since the financial crisis of 2008. General Electric (GE) shares were at their highest level since 2008.
Moody affirms “AAA” US credit rating
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.
BBVA agrees to sell Panama unit for US $646 million to Grupo Aval
Spanish lender BBVA agrees to sell its Panama unit for US $646 million in favor of Colombia’s second biggest banking conglomerate.
Latest News
Apple bought HopStop.com today. HopStop. com, an upstart application, was bought by tech giant Apple today. A spokesperson from Apple confirmed the acquisition, according to Tech Crunch's Anthony Ha.
Fannie and Freddie are not making much progress The revamp of Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FMCC) was not making much, or any, progress.
Japan was a winner when it came to how its stocks performed on the market. Japanese stocks were performing well. In fact, it topped in terms of gains this year in comparison to 24 major developed equity markets.
Financial firms' physical commodity trading may come to an halt as the Fed reconsiders its policy on this.
Swedbank's rating outlook was raised to stable by S&P. Standard & Poor's Ratings Services (S&P) raised the credit rating outlook of Swedbank AB to stable.
Hutchison Whampoa Limited conducts strategic review for the ParknShop sale. Hutchison Whampoa Limited announced that they are in the midst of conducting a strategic review on the possible sale of its Hong Kong supermarket chain ParknShop.
Premier developer and operator of themed resorts gets US $140 million after a new round of securitization.
Participants of the G20 summit held recently in Moscow expressed concerns regarding US Fed, China, and Japan.
Grohe announced that they received 4 more bids from rival companies Four additional bidders submitted their intent to offers for Grohe, Europe's lagest bathroom equipment maker.
