Financial news on July 04, 2008
Business and Financial news
Britain’s services sector contracted last month by the most since October 2001 and banks said they would curb lending further in the third quarter. Read more..
A former Morgan Stanley vice president and her husband, a former hedge fund analyst at ING Investment Management, agreed to settle federal regulatory claims that they illegally traded stocks using inside information. Read more..
Continental Airlines and two of its employees have been ordered to stand trial on involuntary manslaughter charges related to the 2000 crash. Read more..
The British economy, like that of the U.S., may be headed for recession, and the reasons are similar: the collapse of a once red-hot housing market and rising inflation. Read more..
A former private banker at JPMorgan Chase is under investigation, suspected of making illegal money transfers, according to federal authorities and court documents. Read more..
Samuel Israel III, the hedge fund manager who fled after faking a suicide, went to prison on Thursday, 25 days late. Read more..
Starbucks’s biggest mistakes and greatest challenges boil down to three words: location, location and location. Read more..
The unemployment rate held steady as 62,000 jobs disappeared in June, the Labor Department reported. Read more..
Another big corporate buyout fell apart as Penn National Gaming announced that it had terminated its $6.1 billion sale to two private equity firms. Read more..
Exchange Rates of July 04, 2008
|US Dollar||Japanese Yen||1 USD = 106,790 JPY||1 JPY = 0,009 USD|
|US Dollar||Canadian Dollar||1 USD = 1,019 CAD||1 CAD = 0,982 USD|
|US Dollar||Swiss Franc||1 USD = 1,025 CHF||1 CHF = 0,975 USD|
|US Dollar||Chinese Yuan||1 USD = 6,859 CNY||1 CNY = 0,146 USD|
|Euro||Japanese Yen||1 EUR = 167,730 JPY||1 JPY = 0,006 EUR|
|Euro||Pound Sterling||1 EUR = 0,792 GBP||1 GBP = 1,262 EUR|
|Euro||Australian Dollar||1 EUR = 1,631 AUD||1 AUD = 0,613 EUR|
|Euro||Canadian Dollar||1 EUR = 1,600 CAD||1 CAD = 0,625 EUR|
|Euro||Swiss Franc||1 EUR = 1,610 CHF||1 CHF = 0,621 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0,472 GBP||1 GBP = 2,118 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 0,972 AUD||1 AUD = 1,029 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 0,954 CAD||1 CAD = 1,048 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 0,960 CHF||1 CHF = 1,042 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 2,059 AUD||1 AUD = 0,486 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 2,020 CAD||1 CAD = 0,495 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 2,032 CHF||1 CHF = 0,492 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0,980 CAD||1 CAD = 1,020 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0,986 CHF||1 CHF = 1,014 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1,006 CHF||1 CHF = 0,994 CAD|