Financial news on February 20, 2012
Business and Financial news
Appeal of piracy in France has waned since tough crackdown on copyright cheats went into effect in 2010; digital sales, which were slow to get started in country, are growing, and music industry revenues are starting to stabilize; opposition to the law, however, is heating up. Read more..
Pair of pending deals to split EMI between Sony and Universal will give those music companies substantial advantages over Warner, the only other major player still in the market; deals are subject to approval by regulatory agencies in the United States, in Europe and elsewhere, and are spurring scrutiny and criticism. Read more..
Euro zone finance ministers were set to pass the second rescue package for Greece at a meeting Monday. Read more..
Trade agreement between the United States and China expands the number of movie exports, focusing on 3-D or large-screen Imax format extravaganzas; rapid growth in the number of screens has been accompanied by a major expansion in both formats with an audience response to match. Read more..
Foxconn Technology’s decision to raise pay at its Chinese factories reflects shifts in China’s economic system. Read more..
Japan posts a record trade deficit in January as the yen’s strength and weaker global demand erodes profits at manufacturers and slows nation’s recovery from the 2011 earthquake and tsunami; gap widens to 1.48 trillion yen, or $19 billion, and shipments fall 9.3 percent compared with year-ago January. Read more..
Ben Horowitz, co-founder of venture capital firm Andreessen Horowitz, says rap music holds lessons for tech entrepreneurs, including how to fire an executive or stand up to difficult board members; he applies his theories on his blog, which has attracted a following of tech readers and other executives by offering business lessons. Read more..
Along with current syndicated TV favorites, a multitude of new daytime talk shows will arrive this fall in the first real test for the genre since Oprah Winfrey left the scene in May. Read more..
Exchange Rates of February 20, 2012
|US Dollar||Japanese Yen||1 USD = 79.620 JPY||1 JPY = 0.013 USD|
|US Dollar||Canadian Dollar||1 USD = 0.993 CAD||1 CAD = 1.007 USD|
|US Dollar||Swiss Franc||1 USD = 0.911 CHF||1 CHF = 1.097 USD|
|US Dollar||Chinese Yuan||1 USD = 6.302 CNY||1 CNY = 0.159 USD|
|Euro||Japanese Yen||1 EUR = 105.410 JPY||1 JPY = 0.009 EUR|
|Euro||Pound Sterling||1 EUR = 0.835 GBP||1 GBP = 1.197 EUR|
|Euro||Australian Dollar||1 EUR = 1.231 AUD||1 AUD = 0.812 EUR|
|Euro||Canadian Dollar||1 EUR = 1.315 CAD||1 CAD = 0.760 EUR|
|Euro||Swiss Franc||1 EUR = 1.207 CHF||1 CHF = 0.829 EUR|
|Euro||Chinese Yuan||1 EUR = 8.344 CNY||1 CNY = 0.120 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.792 GBP||1 GBP = 1.263 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.167 AUD||1 AUD = 0.857 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.247 CAD||1 CAD = 0.802 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.144 CHF||1 CHF = 0.874 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.473 AUD||1 AUD = 0.679 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.574 CAD||1 CAD = 0.635 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.444 CHF||1 CHF = 0.692 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 9.987 CNY||1 CNY = 0.100 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 1.068 CAD||1 CAD = 0.936 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.980 CHF||1 CHF = 1.020 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.779 CNY||1 CNY = 0.148 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 0.917 CHF||1 CHF = 1.090 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.343 CNY||1 CNY = 0.158 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.910 CNY||1 CNY = 0.145 CHF|