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.
Regions
US inflation in June exceeds projections
Consumer inflation was recorded at 0.5% last June, a figure that exceeded economists projections to reach about 0.3%.
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.
Woman dies at Six Flags Over Texas
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.
Communication is key in exit strategy, ECB’s Visco
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.
Latest News
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.
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.
The Conjuring is set to earn almost US$30 million after a successful first week of showing in the theaters.
Financial firms' physical commodity trading may come to an halt as the Fed reconsiders its policy on this.
European government bonds advanced after Fed Chairman subdued issues concerning the US stimulus. Government bonds in Europe rose after US Federal Reserve Chairman Ben S.
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.
