Financial news on July 4th, 2011

Business and Financial news
Boeing’s Dreamliner Lands in Japan for Week of Tests

The week of planned tests marks the near-end of a long wait by ANA, the first customer in line for the next-generation aircraft. Read more..

By THE ASSOCIATED PRESS - The New York Times

Debt Collections Elude Uncle Sam

Federal agencies have little incentive to go after fines because they don’t actually keep the money. Read more..

By REYNOLDS HOLDING and AGNES T. CRANE - The New York Times

Electric Cars Remain Tough Sell in China

China wants to be a world leader in electric vehicle production, but practical issues are holding customers back. Read more..

By FANG YAN and DON DURFEE | REUTERS - International Herald Tribune

Europeans Postpone Crucial Decisions on New Greek Bailout

While euro zone finance ministers approved a $12.6 billion loan to Athens, they deferred crucial decisions on a second bailout. Read more..

By STEPHEN CASTLE - International Herald Tribune

Fortified European Telecommunications Regulator Has Potential to Wield Real Power

But so far the body has had little opportunity to flex its new muscles. No test cases have been brought before it, and none are in sight. Read more..

By KEVIN J. O'BRIEN - International Herald Tribune

Hedge Funds Seeking Gains in Greek Crisis

The twists and turns of the Greek crisis and the whipsaw market activity have made it difficult for some hedge funds to maneuver. Read more..

By JULIE CRESWELL - The New York Times

Homework Help Site Has a Social Networking Twist

Piazza, a Web site for homework help, builds on classroom community by having peers and educators respond to questions. Read more..

By EVELYN M. RUSLI - The New York Times

Speed Bumps on the Road to Virtual Cash

The past few weeks have shown that a virtual currency can be just as vulnerable as the paper kind. Read more..

By NOAM COHEN - The New York Times

To Keep Parking Lots Full, Retailers Offer Gas Deals

Gas prices are having a direct effect on shoppers’ behavior, so some stores are offering gas discounts. Read more..

By STEPHANIE CLIFFORD - The New York Times

Exchange Rates of July 4th, 2011
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 80.730 JPY1 JPY = 0.012 USD
US DollarCanadian Dollar1 USD = 0.960 CAD1 CAD = 1.042 USD
US DollarSwiss Franc1 USD = 0.848 CHF1 CHF = 1.180 USD
US DollarChinese Yuan1 USD = 6.464 CNY1 CNY = 0.155 USD
EuroJapanese Yen1 EUR = 117.380 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.903 GBP1 GBP = 1.107 EUR
EuroAustralian Dollar1 EUR = 1.353 AUD1 AUD = 0.739 EUR
EuroCanadian Dollar1 EUR = 1.396 CAD1 CAD = 0.716 EUR
EuroSwiss Franc1 EUR = 1.233 CHF1 CHF = 0.811 EUR
EuroChinese Yuan1 EUR = 9.399 CNY1 CNY = 0.106 EUR
Japanese YenPound Sterling1 JPY = 0.769 GBP1 GBP = 1.300 JPY
Japanese YenAustralian Dollar1 JPY = 1.152 AUD1 AUD = 0.868 JPY
Japanese YenCanadian Dollar1 JPY = 1.189 CAD1 CAD = 0.841 JPY
Japanese YenSwiss Franc1 JPY = 1.050 CHF1 CHF = 0.953 JPY
Pound SterlingAustralian Dollar1 GBP = 1.497 AUD1 AUD = 0.668 GBP
Pound SterlingCanadian Dollar1 GBP = 1.545 CAD1 CAD = 0.647 GBP
Pound SterlingSwiss Franc1 GBP = 1.363 CHF1 CHF = 0.734 GBP
Pound SterlingChinese Yuan1 GBP = 10.400 CNY1 CNY = 0.096 GBP
Australian DollarCanadian Dollar1 AUD = 1.032 CAD1 CAD = 0.969 AUD
Australian DollarSwiss Franc1 AUD = 0.910 CHF1 CHF = 1.099 AUD
Australian DollarChinese Yuan1 AUD = 6.946 CNY1 CNY = 0.144 AUD
Canadian DollarSwiss Franc1 CAD = 0.882 CHF1 CHF = 1.133 CAD
Canadian DollarChinese Yuan1 CAD = 6.730 CNY1 CNY = 0.149 CAD
Swiss FrancChinese Yuan1 CHF = 7.621 CNY1 CNY = 0.131 CHF

See what else happened on July 4th, 2011