Financial news on March 19, 2017

Business and Financial news
A.I. Is Doing Legal Work. But It Won’t Replace Lawyers, Yet.

The legal profession relies more and more on automation. But fears that it will be automated out of existence are overblown, researchers say. For now. Read more..

By STEVE LOHR - The New York Times

Basing Life on What You Can Afford

We all face financial trade-offs. Needs over wants. Faith over financial facts. A dozen people from around the country share their stories. Read more..

By RON LIEBER - The New York Times

China Defends Plan to Bolster Its High-Tech Industries

An official called a plan to juice economic development in emerging industries a necessary strategy in the face of Western countries’ controls of certain high-tech gear. Read more..

By KEITH BRADSHER - The New York Times

Choice of I.M.F. Critic Highlights Trump’s Reversal of Global Policy

Adam Lerrick, set to be nominated as deputy under secretary of the Treasury for international finance, has been a vocal scold of global bodies like the International Monetary Fund for nearly 20 years. Read more..

By LANDON THOMAS Jr - The New York Times

Hedge Fund Titan’s Surefire Bet Turns Into a $4 Billion Loss

William A. Ackman was on his way to being a legend of Wall Street — until one of his biggest wagers went very wrong. Read more..

By GRETCHEN MORGENSON and GERALDINE FABRIKANT - The New York Times

How a Big Wager on Valeant Played Out

A recap of the major events during Pershing’s association with Valeant. Read more..

By GRETCHEN MORGENSON - The New York Times

N.C.A.A. Tournament Ads Work Around Glaring Absence: Players

Companies spend more than $1 billion on TV ads tied to the men’s basketball tournament, but none of them can use the names or likenesses of the athletes. Read more..

By SAPNA MAHESHWARI - The New York Times

Offices of Volkswagen and Audi Chiefs Searched in Raid, Warrant Says

A judge in Munich authorized investigators to seize documents from Matthias Müller, Volkswagen’s chief executive; Rupert Stadler, Audi’s chief; and dozens of others. Read more..

By JACK EWING - The New York Times

Riding With the Underdogs: Apps Fill a Void Left by Uber and Lyft

The two all-but-ubiquitous ride-sharing apps no longer operate in Austin, Tex. But the city doesn’t seem to be hurting, even in the midst of a huge festival. Read more..

By BRIAN X. CHEN - The New York Times

Exchange Rates of March 19, 2017
CurrenciesExchange Rates
US Dollar Euro 1 USD = 0.931 EUR 1 EUR = 1.074 USD
US Dollar Japanese Yen 1 USD = 112.724 JPY 1 JPY = 0.009 USD
US Dollar Pound Sterling 1 USD = 0.807 GBP 1 GBP = 1.239 USD
US Dollar Australian Dollar 1 USD = 1.298 AUD 1 AUD = 0.770 USD
US Dollar Canadian Dollar 1 USD = 1.333 CAD 1 CAD = 0.750 USD
US Dollar Swiss Franc 1 USD = 0.998 CHF 1 CHF = 1.002 USD
US Dollar Mexican Peso 1 USD = 19.082 MXN 1 MXN = 0.052 USD
US Dollar Swidish Krona 1 USD = 8.825 SEK 1 SEK = 0.113 USD
Euro Japanese Yen 1 EUR = 121.087 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.867 GBP 1 GBP = 1.153 EUR
Euro Australian Dollar 1 EUR = 1.395 AUD 1 AUD = 0.717 EUR
Euro Canadian Dollar 1 EUR = 1.432 CAD 1 CAD = 0.698 EUR
Euro Swiss Franc 1 EUR = 1.072 CHF 1 CHF = 0.933 EUR
Euro Chinese Yuan 1 EUR = 7.411 CNY 1 CNY = 0.135 EUR
Euro Mexican Peso 1 EUR = 20.492 MXN 1 MXN = 0.049 EUR
Euro Swidish Krona 1 EUR = 9.480 SEK 1 SEK = 0.105 EUR
Japanese Yen Pound Sterling 1 JPY = 0.007 GBP 1 GBP = 138.889 JPY
Japanese Yen Australian Dollar 1 JPY = 0.012 AUD 1 AUD = 86.957 JPY
Japanese Yen Canadian Dollar 1 JPY = 0.012 CAD 1 CAD = 84.746 JPY
Japanese Yen Swiss Franc 1 JPY = 0.009 CHF 1 CHF = 112.360 JPY
Japanese Yen Chinese Yuan 1 JPY = 0.061 CNY 1 CNY = 16.340 JPY
Japanese Yen Mexican Peso 1 JPY = 0.169 MXN 1 MXN = 5.907 JPY
Japanese Yen Swidish Krona 1 JPY = 0.078 SEK 1 SEK = 12.771 JPY
Pound Sterling Australian Dollar 1 GBP = 1.608 AUD 1 AUD = 0.622 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.651 CAD 1 CAD = 0.606 GBP
Pound Sterling Swiss Franc 1 GBP = 1.236 CHF 1 CHF = 0.809 GBP
Pound Sterling Chinese Yuan 1 GBP = 8.550 CNY 1 CNY = 0.117 GBP
Pound Sterling Mexican Peso 1 GBP = 23.635 MXN 1 MXN = 0.042 GBP
Pound Sterling Swidish Krona 1 GBP = 10.930 SEK 1 SEK = 0.091 GBP
Australian Dollar Canadian Dollar 1 AUD = 1.027 CAD 1 CAD = 0.974 AUD
Australian Dollar Swiss Franc 1 AUD = 0.768 CHF 1 CHF = 1.302 AUD
Australian Dollar Chinese Yuan 1 AUD = 5.318 CNY 1 CNY = 0.188 AUD
Australian Dollar Mexican Peso 1 AUD = 14.703 MXN 1 MXN = 0.068 AUD
Australian Dollar Swidish Krona 1 AUD = 6.795 SEK 1 SEK = 0.147 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.748 CHF 1 CHF = 1.337 CAD
Canadian Dollar Chinese Yuan 1 CAD = 5.178 CNY 1 CNY = 0.193 CAD
Canadian Dollar Mexican Peso 1 CAD = 14.314 MXN 1 MXN = 0.070 CAD
Canadian Dollar Swidish Krona 1 CAD = 6.617 SEK 1 SEK = 0.151 CAD
Swiss Franc Chinese Yuan 1 CHF = 6.919 CNY 1 CNY = 0.145 CHF
Swiss Franc Mexican Peso 1 CHF = 19.123 MXN 1 MXN = 0.052 CHF
Swiss Franc Swidish Krona 1 CHF = 8.845 SEK 1 SEK = 0.113 CHF

See what else happened on March 19, 2017