Financial news on January 1st, 2010

Business and Financial news
51 Across: Time of Obama’s Swearing In

Ring in the new with great old tradition — a crossword puzzle. Read more..

By PATRICK MERRELL - The New York Times

Asia Free-Trade Zone Raises Hopes, and Some Fears About China

The new zone, consisting of China and 10 Southeast Asian nations, will remove tariffs on 90 percent of traded goods. Read more..

By LIZ GOOCH - The New York Times

A Volatile Final Minute in a Good Year for Stocks

Shares fell substantially on 2009’s last day, but that did not dampen enthusiasm over what was a comeback year. Read more..

By JAVIER C. HERNANDEZ - The New York Times

Canadian Board Approves Western Gas Pipeline

The $15.4 billion Mackenzie Valley project faces two more regulatory hurdles, and in the end, it still may not be built. Read more..

By CLIFFORD KRAUSS - The New York Times

Doubts on Regulation and Renewal Hang Over Wall St.

With the possibility of hefty profits and bonuses at banks, rarely has the divide been so deep between Wall Street and Main Street. Read more..

By GRAHAM BOWLEY and ERIC DASH - The New York Times

In Spain, a Soaring Jobless Rate for Young Workers

Many aged 16 to 24 who took jobs when the Spanish economy was healthy are now out of work as the unemployment rate for the group nears 43 percent. Read more..

By NELSON D. SCHWARTZ - The New York Times

Neel Kashkari’s Quiet Path to Pimco

In joining Pimco, Neel Kashkari, the former Treasury bailout chief, settled on a financial company that didn’t need a government rescue but may be strengthening its federal ties. Read more..

By DEVIN LEONARD - The New York Times

Revamped ‘Nightly Business Report’ to Stress Analysis

PBS’s 30-year-old series is trying to respond to the increasingly crowded field of business and financial journalism by playing down stock coverage. Read more..

By ELIZABETH JENSEN - The New York Times

Time Warner and Fox Extend Talks Overnight

Hours before a contract over retransmission rights for Fox stations was set to expire, the F.C.C. asked the companies to keep talking. Read more..

By BRIAN STELTER - The New York Times

Exchange Rates of January 1st, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 93.000 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.052 CAD1 CAD = 0.951 USD
US DollarSwiss Franc1 USD = 1.035 CHF1 CHF = 0.966 USD
EuroJapanese Yen1 EUR = 133.510 JPY1 JPY = 0.007 EUR
EuroPound Sterling1 EUR = 0.886 GBP1 GBP = 1.128 EUR
EuroAustralian Dollar1 EUR = 1.597 AUD1 AUD = 0.626 EUR
EuroCanadian Dollar1 EUR = 1.507 CAD1 CAD = 0.664 EUR
EuroSwiss Franc1 EUR = 1.483 CHF1 CHF = 0.674 EUR
EuroChinese Yuan1 EUR = 9.783 CNY1 CNY = 0.102 EUR
Japanese YenPound Sterling1 JPY = 0.665 GBP1 GBP = 1.504 JPY
Japanese YenAustralian Dollar1 JPY = 1.197 AUD1 AUD = 0.836 JPY
Japanese YenCanadian Dollar1 JPY = 1.131 CAD1 CAD = 0.884 JPY
Japanese YenSwiss Franc1 JPY = 1.112 CHF1 CHF = 0.899 JPY
Pound SterlingAustralian Dollar1 GBP = 1.802 AUD1 AUD = 0.555 GBP
Pound SterlingCanadian Dollar1 GBP = 1.701 CAD1 CAD = 0.588 GBP
Pound SterlingSwiss Franc1 GBP = 1.674 CHF1 CHF = 0.597 GBP
Pound SterlingChinese Yuan1 GBP = 11.029 CNY1 CNY = 0.091 GBP
Australian DollarCanadian Dollar1 AUD = 0.943 CAD1 CAD = 1.060 AUD
Australian DollarSwiss Franc1 AUD = 0.928 CHF1 CHF = 1.077 AUD
Australian DollarChinese Yuan1 AUD = 6.126 CNY1 CNY = 0.163 AUD
Canadian DollarSwiss Franc1 CAD = 0.983 CHF1 CHF = 1.017 CAD
Swiss FrancChinese Yuan1 CHF = 6.591 CNY1 CNY = 0.152 CHF

See what else happened on January 1st, 2010