Financial news on July 04, 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 04, 2011
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 80.730 JPY 1 JPY = 0.012 USD
US Dollar Canadian Dollar 1 USD = 0.960 CAD 1 CAD = 1.042 USD
US Dollar Swiss Franc 1 USD = 0.848 CHF 1 CHF = 1.180 USD
US Dollar Chinese Yuan 1 USD = 6.464 CNY 1 CNY = 0.155 USD
Euro Japanese Yen 1 EUR = 117.380 JPY 1 JPY = 0.009 EUR
Euro Pound Sterling 1 EUR = 0.903 GBP 1 GBP = 1.107 EUR
Euro Australian Dollar 1 EUR = 1.353 AUD 1 AUD = 0.739 EUR
Euro Canadian Dollar 1 EUR = 1.396 CAD 1 CAD = 0.716 EUR
Euro Swiss Franc 1 EUR = 1.233 CHF 1 CHF = 0.811 EUR
Euro Chinese Yuan 1 EUR = 9.399 CNY 1 CNY = 0.106 EUR
Japanese Yen Pound Sterling 1 JPY = 0.769 GBP 1 GBP = 1.300 JPY
Japanese Yen Australian Dollar 1 JPY = 1.152 AUD 1 AUD = 0.868 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.189 CAD 1 CAD = 0.841 JPY
Japanese Yen Swiss Franc 1 JPY = 1.050 CHF 1 CHF = 0.953 JPY
Pound Sterling Australian Dollar 1 GBP = 1.497 AUD 1 AUD = 0.668 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.545 CAD 1 CAD = 0.647 GBP
Pound Sterling Swiss Franc 1 GBP = 1.363 CHF 1 CHF = 0.734 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.400 CNY 1 CNY = 0.096 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.032 CAD 1 CAD = 0.969 AUD
Australian Dollar Swiss Franc 1 AUD = 0.910 CHF 1 CHF = 1.099 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.946 CNY 1 CNY = 0.144 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.882 CHF 1 CHF = 1.133 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.730 CNY 1 CNY = 0.149 CAD
Swiss Franc Chinese Yuan 1 CHF = 7.621 CNY 1 CNY = 0.131 CHF

See what else happened on July 04, 2011