Financial news on April 16, 2010
Business and Financial news
Germany might consider exiting monetary union in coming years to protect price stability as the Greek crisis threatens to turn the euro area into a region of “fiscal profligacy,” Morgan Stanley said. Read more..
Eighteen months after the failure of Lehman Brothers, writers seeking to make sense of the debacle have had their say. But two late-comers to the party, Roger Lowenstein and Michael Lewis, have produced books original and elegant enough to stand out from the crowd, Daniel Gross writes in his review of “The End of Wall Street” and “The Big Short.” Read more..
The outspoken banking analyst Richard X. Bove wants the leaders of Goldman Sachs to “fall on their swords” after the firm was accused of securities fraud. Read more..
The sprawling investigation into the state pension fund has reached the office of the current state comptroller, Thomas P. DiNapoli, The New York Times reported. Read more..
Production problems with two drugs for rare inherited diseases have left patients in pain and may have led to one death. Read more..
The number of married couples caught engaging in insider trading, stock manipulation or running a Ponzi scheme appears to be on the rise, Reuters writes. Read more..
Thomas Cook, Europe’s second-biggest travel firm, said on Friday it had raised over $1 billion through new sterling and euro bond issues with the proceeds to be used for general corporate purposes, Reuters reported. Read more..
The worst global financial crisis in 70 years arrived in Saint-Étienne this month, as embedded financial obligations began to blow up. Read more..
The worst global financial crisis in 70 years arrived in Saint-Étienne this month, as embedded financial obligations began to blow up, Bloomberg News reports. A bill came due for 1.18 million euros, or $1.6 million, owed to Deutsche Bank under a contract that initially saved the French city money. Read more..
The venture capital industry seems to need a bit longer to recover after last year, when Silicon Valley froze in response to the economic uncertainty. Though there have been some recent signs of a thaw, and a sense of new activity and optimism in the Valley, it turns out that investment in start-ups in the first quarter was down. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||33.21||33.25||31.66||32.56||89.8M|
|Johnson & Johnson||JNJ||65.34||65.65||64.89||65.02||15.7M|
|Procter & Gamble||PG||62.80||63.49||62.63||62.85||12.6M|
|Walt Disney & Co.||DIS||36.22||36.51||35.68||35.83||12.3M|
|International Business Machines||IBM||130.68||132.17||130.25||130.63||9.55M|
Exchange Rates of April 16, 2010
|US Dollar||Japanese Yen||1 USD = 92.160 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.013 CAD||1 CAD = 0.987 USD|
|US Dollar||Swiss Franc||1 USD = 1.061 CHF||1 CHF = 0.942 USD|
|US Dollar||Chinese Yuan||1 USD = 6.826 CNY||1 CNY = 0.146 USD|
|Euro||Japanese Yen||1 EUR = 124.440 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.879 GBP||1 GBP = 1.138 EUR|
|Euro||Australian Dollar||1 EUR = 1.461 AUD||1 AUD = 0.685 EUR|
|Euro||Canadian Dollar||1 EUR = 1.368 CAD||1 CAD = 0.731 EUR|
|Euro||Swiss Franc||1 EUR = 1.433 CHF||1 CHF = 0.698 EUR|
|Euro||Chinese Yuan||1 EUR = 9.216 CNY||1 CNY = 0.109 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.706 GBP||1 GBP = 1.416 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.173 AUD||1 AUD = 0.853 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.099 CAD||1 CAD = 0.910 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.151 CHF||1 CHF = 0.869 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.662 AUD||1 AUD = 0.602 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.556 CAD||1 CAD = 0.643 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.630 CHF||1 CHF = 0.613 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.474 CNY||1 CNY = 0.095 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.936 CAD||1 CAD = 1.068 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.981 CHF||1 CHF = 1.019 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.307 CNY||1 CNY = 0.159 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.048 CHF||1 CHF = 0.955 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.738 CNY||1 CNY = 0.148 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.427 CNY||1 CNY = 0.156 CHF|