Financial news on January 02, 2007

Business and Financial news
Banks’ Leases to Hedge Funds Are Questioned

Regulators are growing concerned about banks that lease office space to hedge funds in hopes of gaining big clients. Read more..

By JENNY ANDERSON - The New York Times

Economists Cautiously Optimistic About 2007

The new year is being approached with worries that a slowdown in housing could hurt the overall economy. Read more..

By MICHAEL J. de la MERCED - The New York Times

Investors Greet New Year With Ambivalence

After a better-than-average year in the stock market, and a much weaker one in housing, homeowners and investors appear neither exuberant nor glum about 2007. Read more..

By VIKAS BAJAJ and MARJORIE CONNELLY - The New York Times

It Takes Good Acting to Hide Travel Stress

Traveling a lot, you see some of the best acting. And the worst. Flight attendants are the best actors, hands down. Read more..

By CHRISTOPHER ELLIOTT - The New York Times

Kicking an Addiction, With Real People

Some advertisers say the best way to persuade people to give up cigarettes is to tell the stories of other smokers. Read more..

By LOUISE STORY - The New York Times

Memo Pad

FIRST VERY LIGHT JET DELIVERED In what some aviation industry officials believe is the dawn of a new era in aviation, the first so-called very light jet, an Eclipse 500, was delivered to a customer on Sunday by Eclipse Aviation, based in Albuquerq... Read more..

By JOE SHARKEY - The New York Times

The Hasty Hello

Business groups have started using “speed networking,” a corporate equivalent of speed dating, to explore business prospects. Read more..

By JULIE BICK - The New York Times

Wal-Mart Puts Some Muscle Behind Power-Sipping Bulbs

The retailer is determined to push energy-saving light bulbs with the help of some unlikely partners. Read more..

By MICHAEL BARBARO - The New York Times

Weathering a Storm in Shelter

As 2006 ended, the opinion of stock market investors could not have been clearer: there are blue skies ahead. Read more..

By FLOYD NORRIS - The New York Times

Young Turn to Web Sites Without Rules

While sites like YouTube and Myspace crack down on nudity and violence, new sites are treading into the realm of unfiltered live broadcasts. Read more..

By BRAD STONE - The New York Times

Exchange Rates of January 02, 2007
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 118,830 JPY 1 JPY = 0,008 USD
US Dollar Canadian Dollar 1 USD = 1,165 CAD 1 CAD = 0,858 USD
US Dollar Swiss Franc 1 USD = 1,213 CHF 1 CHF = 0,824 USD
Euro Japanese Yen 1 EUR = 157,730 JPY 1 JPY = 0,006 EUR
Euro Pound Sterling 1 EUR = 0,672 GBP 1 GBP = 1,487 EUR
Euro Australian Dollar 1 EUR = 1,667 AUD 1 AUD = 0,600 EUR
Euro Canadian Dollar 1 EUR = 1,547 CAD 1 CAD = 0,647 EUR
Euro Swiss Franc 1 EUR = 1,611 CHF 1 CHF = 0,621 EUR
Japanese Yen Pound Sterling 1 JPY = 0,426 GBP 1 GBP = 2,347 JPY
Japanese Yen Australian Dollar 1 JPY = 1,056 AUD 1 AUD = 0,947 JPY
Japanese Yen Canadian Dollar 1 JPY = 0,980 CAD 1 CAD = 1,020 JPY
Japanese Yen Swiss Franc 1 JPY = 1,021 CHF 1 CHF = 0,980 JPY
Pound Sterling Australian Dollar 1 GBP = 2,479 AUD 1 AUD = 0,403 GBP
Pound Sterling Canadian Dollar 1 GBP = 2,300 CAD 1 CAD = 0,435 GBP
Pound Sterling Swiss Franc 1 GBP = 2,395 CHF 1 CHF = 0,418 GBP
Australian Dollar Canadian Dollar 1 AUD = 0,927 CAD 1 CAD = 1,078 AUD
Australian Dollar Swiss Franc 1 AUD = 0,966 CHF 1 CHF = 1,036 AUD
Canadian Dollar Swiss Franc 1 CAD = 1,041 CHF 1 CHF = 0,961 CAD

See what else happened on January 02, 2007