Financial news on January 01, 2009

Business and Financial news
As Trade Slows, China Rethinks Its Growth Strategy

In the last two weeks, Chinese officials have announced a series of measures to help exporters. Read more..

By KEITH BRADSHER - The New York Times

A Surge in Bicyclists Appears to Be Waiting

A run on bicycles during the summer raised hopes among bike store owners, but sales have leveled off since then. Read more..

By JAN ELLEN SPIEGEL - The New York Times

Buying Less Expensive Wine, and More of It

In response to the economic downturn, alcohol retailers and industry experts say, consumers have been trading down for less expensive wines and spirits. Read more..

By CATHERINE RAMPELL - The New York Times

Citigroup’s Top Executives to Forgo ’08 Bonuses

The decision from Vikram S. Pandit, Citigroup’s chief executive, and Winfried F. W. Bischoff, the bank’s chairman, stands as a test of whether high pay is necessary to retain talented executives. Read more..

By ERIC DASH and LOUISE STORY - The New York Times

Judge Denies MGA’s Request on Bratz Dolls

MGA Entertainment lost a bid to extend a freeze on a court-ordered ban on manufacturing and selling the Bratz dolls while it appeals a jury verdict. Read more..

By BLOOMBERG NEWS - The New York Times

Markets Limp Into 2009 After a Bruising Year

On Wall Street, about $7 trillion of shareholders’ wealth — the gains of the last six years — was wiped out in 2008. Read more..

By VIKAS BAJAJ - The New York Times

Oil Prices Rise on Inventory Report

Stocks were higher on the last trading day of the year. Read more..

By JACK HEALY - The New York Times

Test Memory for Errors

Ever since I increased the amount of memory inside the box, my Windows Vista PC has been crashing off and on. Is there a way to tell if the new RAM chips are causing the problem as opposed to, say, a virus? Read more..

By J.D. BIERSDORFER - The New York Times

To Save Battery Life, Turn Down the Heat

Simple recharging practices can help solve common battery problems. Read more..

By PETER WAYNER - The New York Times

When Laptops and iPhones Need a Kick in the Battery, One Charger Can Feed All

Innergie has created a charger, the mCube90, that lets you charge many models of notebook computers as well as any other device that can be charged through a U.S.B. port. Read more..

By AZADEH ENSHA - The New York Times

Exchange Rates of January 01, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 90.710 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.220 CAD 1 CAD = 0.820 USD
US Dollar Swiss Franc 1 USD = 1.061 CHF 1 CHF = 0.942 USD
Euro Japanese Yen 1 EUR = 127.300 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.956 GBP 1 GBP = 1.046 EUR
Euro Australian Dollar 1 EUR = 1.988 AUD 1 AUD = 0.503 EUR
Euro Canadian Dollar 1 EUR = 1.711 CAD 1 CAD = 0.584 EUR
Euro Swiss Franc 1 EUR = 1.489 CHF 1 CHF = 0.672 EUR
Euro Chinese Yuan 1 EUR = 9.544 CNY 1 CNY = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.753 GBP 1 GBP = 1.327 JPY
Japanese Yen Australian Dollar 1 JPY = 1.571 AUD 1 AUD = 0.637 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.353 CAD 1 CAD = 0.739 JPY
Japanese Yen Swiss Franc 1 JPY = 1.182 CHF 1 CHF = 0.846 JPY
Pound Sterling Australian Dollar 1 GBP = 2.078 AUD 1 AUD = 0.481 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.790 CAD 1 CAD = 0.559 GBP
Pound Sterling Swiss Franc 1 GBP = 1.557 CHF 1 CHF = 0.642 GBP
Pound Sterling Chinese Yuan 1 GBP = 9.964 CNY 1 CNY = 0.100 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.860 CAD 1 CAD = 1.162 AUD
Australian Dollar Swiss Franc 1 AUD = 0.748 CHF 1 CHF = 1.336 AUD
Australian Dollar Chinese Yuan 1 AUD = 4.814 CNY 1 CNY = 0.208 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.869 CHF 1 CHF = 1.150 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.589 CNY 1 CNY = 0.179 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.396 CNY 1 CNY = 0.156 CHF

See what else happened on January 01, 2009