Financial news on April 03, 2015

Business and Financial news
A Three-Pronged Front to Limit Shareholder Litigation

Three proposed amendments to corporate law in Delaware have the potential to transform the landscape of shareholder litigation in the United States. Read more..

By STEVEN DAVIDOFF SOLOMON - The New York Times

British Luxury With a Humble Past

Once used by the wealthy to house their servants and stable their horses, the mews house of today is a pleasing oasis of quiet, with many selling points. Read more..

By RICHARD HOLLEDGE - The New York Times

Chicago’s Odd Couple: Mayor Rahm Emanuel and a Billionaire Republican Investor

Billionaire Republican investor Kenneth C Griffin, owner of $26 billion investment firm Citadel, has given almost $1.3 million to Chicago Mayor Rahm Emanuel's election campaigns since 2010, most of it in 2015; Jesus G Garcia, facing Emanuel in election runoff, accuses him of letting Chicago's wealthy 'pay to play' and says Griffin benefits from relationship with Emanuel. Read more..

By ALEXANDRA STEVENSON - The New York Times

Daily Report: Regulators in Europe Take Aim at American Tech Giants

New developments offer the latest and perhaps clearest sign yet that American tech giants face intensifying scrutiny in Europe that could curb their profits in the region and affect how they operate around the world. Read more..

By THE NEW YORK TIMES - The New York Times

Iran Deal May Be Slow to Affect Oil Sector

Energy analysts say tentative agreement on nuclear talks with Iran will not produce any profound impact on current glutted oil market for at least six months and probably more than a year; exports of Iranian crude have dropped by more than million barrels daily since Europe imposed sanctions, and there is currently worldwide excess of almost two million barrels daily. Read more..

By CLIFFORD KRAUSS - The New York Times

Lux Capital Raises $350 Million Fund to Back Science Start-Ups

The new fund, which was nearly doubly oversubscribed, will bring the firm’s assets under management to $700 million. Read more..

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

President of Saks Steps Down

Marigay McKee steps down as president of Saks Fifth Avenue after 15 months, replaced by parent company executive Marc Metrick. Read more..

By HIROKO TABUCHI - The New York Times

Semiautonomous Driving Arrives, Feature by Feature

Wheels column; automakers at New York International Auto Show demonstrate cars that have several levels of so-called active safety features in which the vehicle takes over driving. Read more..

By AARON M. KESSLER and BILL VLASIC - The New York Times

The Chinese Billionaire Zhang Lei Spins Research Into Investment Gold

Chinese billionaire Zhang Lei and his firm Hillhouse Capital Group represents China's new class of entrepreneurs, who are looking to United States for more investment opportunities; as young MBA he persuaded Yale to give him $20 million to invest from its endowment, and his confident investors include sovereign wealth funds and wealthy entrepreneurs. Read more..

By ALEXANDRA STEVENSON - The New York Times

Uber Hires a Security Chief From Facebook

Uber hires veteran security expert Joe Sullivan as its first chief security officer, luring him away from Facebook where he has held same position for years. Read more..

By MIKE ISAAC - The New York Times

Exchange Rates of April 03, 2015
CurrenciesExchange Rates
US DollarEuro1 USD = 0.912 EUR1 EUR = 1.097 USD
US DollarJapanese Yen1 USD = 118.963 JPY1 JPY = 0.008 USD
US DollarPound Sterling1 USD = 0.670 GBP1 GBP = 1.492 USD
US DollarAustralian Dollar1 USD = 1.310 AUD1 AUD = 0.764 USD
US DollarCanadian Dollar1 USD = 1.249 CAD1 CAD = 0.801 USD
US DollarSwiss Franc1 USD = 0.952 CHF1 CHF = 1.051 USD
US DollarChinese Yuan1 USD = 6.194 CNY1 CNY = 0.161 USD
US DollarMexican Peso1 USD = 14.816 MXN1 MXN = 0.067 USD
US DollarSwidish Krona1 USD = 8.552 SEK1 SEK = 0.117 USD
EuroJapanese Yen1 EUR = 130.480 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.735 GBP1 GBP = 1.360 EUR
EuroAustralian Dollar1 EUR = 1.433 AUD1 AUD = 0.698 EUR
EuroCanadian Dollar1 EUR = 1.366 CAD1 CAD = 0.732 EUR
EuroSwiss Franc1 EUR = 1.045 CHF1 CHF = 0.957 EUR
EuroChinese Yuan1 EUR = 6.727 CNY1 CNY = 0.149 EUR
EuroMexican Peso1 EUR = 16.269 MXN1 MXN = 0.061 EUR
EuroSwidish Krona1 EUR = 9.388 SEK1 SEK = 0.107 EUR
Japanese YenPound Sterling1 JPY = 0.006 GBP1 GBP = 178.571 JPY
Japanese YenAustralian Dollar1 JPY = 0.011 AUD1 AUD = 90.909 JPY
Japanese YenCanadian Dollar1 JPY = 0.011 CAD1 CAD = 95.238 JPY
Japanese YenSwiss Franc1 JPY = 0.008 CHF1 CHF = 126.582 JPY
Japanese YenChinese Yuan1 JPY = 0.052 CNY1 CNY = 19.417 JPY
Japanese YenMexican Peso1 JPY = 0.125 MXN1 MXN = 8.026 JPY
Japanese YenSwidish Krona1 JPY = 0.072 SEK1 SEK = 13.986 JPY
Pound SterlingAustralian Dollar1 GBP = 1.953 AUD1 AUD = 0.512 GBP
Pound SterlingCanadian Dollar1 GBP = 1.861 CAD1 CAD = 0.537 GBP
Pound SterlingSwiss Franc1 GBP = 1.421 CHF1 CHF = 0.704 GBP
Pound SterlingChinese Yuan1 GBP = 9.139 CNY1 CNY = 0.109 GBP
Pound SterlingMexican Peso1 GBP = 22.131 MXN1 MXN = 0.045 GBP
Pound SterlingSwidish Krona1 GBP = 12.768 SEK1 SEK = 0.078 GBP
Australian DollarCanadian Dollar1 AUD = 0.952 CAD1 CAD = 1.051 AUD
Australian DollarSwiss Franc1 AUD = 0.725 CHF1 CHF = 1.380 AUD
Australian DollarChinese Yuan1 AUD = 4.681 CNY1 CNY = 0.214 AUD
Australian DollarMexican Peso1 AUD = 11.322 MXN1 MXN = 0.088 AUD
Australian DollarSwidish Krona1 AUD = 6.530 SEK1 SEK = 0.153 AUD
Canadian DollarSwiss Franc1 CAD = 0.763 CHF1 CHF = 1.311 CAD
Canadian DollarChinese Yuan1 CAD = 4.912 CNY1 CNY = 0.204 CAD
Canadian DollarMexican Peso1 CAD = 11.888 MXN1 MXN = 0.084 CAD
Canadian DollarSwidish Krona1 CAD = 6.857 SEK1 SEK = 0.146 CAD
Swiss FrancChinese Yuan1 CHF = 6.430 CNY1 CNY = 0.156 CHF
Swiss FrancMexican Peso1 CHF = 15.565 MXN1 MXN = 0.064 CHF
Swiss FrancSwidish Krona1 CHF = 8.983 SEK1 SEK = 0.111 CHF
Chinese YuanSwidish Krona1 CNY = 1.390 SEK1 SEK = 0.720 CNY

See what else happened on April 03, 2015