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.
Sectors
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.
Greek workers rally against new government austerity plan
Greek workers took to the streets their opposition over the proposed plan to retrench state workers.
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.
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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.
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.
