Financial news on July 5th, 2010

Business and Financial news
Airlines Fret as Emission Rules in Europe Are Set to Kick In

The European Union hopes to lower emissions from flying — and nudge airlines into adopting greener practices — by making carriers join its five-year-old Emission Trading System. Read more..

By JAMES KANTER - International Herald Tribune

A Political Clash Over Deficits Stalls Legislation to Address Jobs

Democrats hope voters will punish Republicans in the midterm elections for blocking extended unemployment benefits; Republicans believe the public is more concerned about deficits. Read more..

By SEWELL CHAN - The New York Times

Closing an Old Polluter May Not Ease Emissions

Guangzhou Steel is building a new mill to replace the one it is closing — and the new one will use scarcely less energy. Read more..

By KEITH BRADSHER - The New York Times

Google Looks to Emerging Markets for Android's Growth

Google plans to push its Android mobile software in India and China and is exploring ways for developers to make more money from applications. Read more..

By BLOOMBERG NEWS - International Herald Tribune

Indian Companies to Combine

Reliance Power will absorb Reliance Natural Resources, its sister company, in a share swap deal valued at $1.5 billion. Read more..

By REUTERS - International Herald Tribune

Nickelodeon Tries Again to Move to the Big Screen

Film projects born out of the children’s television empire are lined up like parade floats at Paramount Pictures. Read more..

By BROOKS BARNES - The New York Times

On Twitter, a Close-Knit Network

On average, it takes visiting just 3.32 friends of friends for users to find one of their own followers. Read more..

By TEDDY WAYNE - The New York Times

Retailers Devise Novel Ways to Revive Sales

Tired of waiting for spending to rebound, retailers are offering unconventional promotions to attract visitors. Read more..


Sony Remakes Its Music Company Act

As it reaches out for new revenue, Sony Music is broadening the definition of a record company, embracing businesses that sometimes have only a tenuous connection to music. Read more..

By ERIC PFANNER - The New York Times

Exchange Rates of July 5th, 2010
CurrenciesExchange Rates
US DollarJapanese Yen1 USD = 87.750 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.063 CAD1 CAD = 0.940 USD
US DollarSwiss Franc1 USD = 1.065 CHF1 CHF = 0.939 USD
US DollarChinese Yuan1 USD = 6.777 CNY1 CNY = 0.148 USD
EuroJapanese Yen1 EUR = 110.030 JPY1 JPY = 0.009 EUR
EuroPound Sterling1 EUR = 0.828 GBP1 GBP = 1.207 EUR
EuroAustralian Dollar1 EUR = 1.493 AUD1 AUD = 0.670 EUR
EuroCanadian Dollar1 EUR = 1.333 CAD1 CAD = 0.750 EUR
EuroSwiss Franc1 EUR = 1.335 CHF1 CHF = 0.749 EUR
EuroChinese Yuan1 EUR = 8.496 CNY1 CNY = 0.118 EUR
Japanese YenPound Sterling1 JPY = 0.753 GBP1 GBP = 1.329 JPY
Japanese YenAustralian Dollar1 JPY = 1.356 AUD1 AUD = 0.737 JPY
Japanese YenCanadian Dollar1 JPY = 1.211 CAD1 CAD = 0.826 JPY
Japanese YenSwiss Franc1 JPY = 1.213 CHF1 CHF = 0.824 JPY
Pound SterlingAustralian Dollar1 GBP = 1.802 AUD1 AUD = 0.555 GBP
Pound SterlingCanadian Dollar1 GBP = 1.609 CAD1 CAD = 0.621 GBP
Pound SterlingSwiss Franc1 GBP = 1.611 CHF1 CHF = 0.621 GBP
Pound SterlingChinese Yuan1 GBP = 10.244 CNY1 CNY = 0.098 GBP
Australian DollarCanadian Dollar1 AUD = 0.893 CAD1 CAD = 1.120 AUD
Australian DollarSwiss Franc1 AUD = 0.894 CHF1 CHF = 1.119 AUD
Australian DollarChinese Yuan1 AUD = 5.691 CNY1 CNY = 0.176 AUD
Canadian DollarSwiss Franc1 CAD = 1.001 CHF1 CHF = 0.999 CAD
Canadian DollarChinese Yuan1 CAD = 6.368 CNY1 CNY = 0.157 CAD
Swiss FrancChinese Yuan1 CHF = 6.363 CNY1 CNY = 0.157 CHF

See what else happened on July 5th, 2010