Financial news on June 20, 2010

Business and Financial news
China Signals a Gradual Rise in Value of Its Currency

The move could deflect growing international criticism of the country’s fiscal policies. Read more..

By KEITH BRADSHER - The New York Times

Cost of Seizing Fannie and Freddie Surges for Taxpayers

Now two of the country’s biggest landlords, the mortgage finance companies may wind up costing more than the banking industry rescue. Read more..

By BINYAMIN APPELBAUM - The New York Times

In Budget Crisis, States Take Aim at Pension Costs

Many states, acknowledging that they have promised pensions they cannot afford, are reining in benefits — but only for future hires. Read more..

By MARY WILLIAMS WALSH - The New York Times

It Ain’t Hard

Fred Piscop’s 100th puzzle is easy. How easy? Read more..

By JIM HORNE - The New York Times

See what else happened on June 20, 2010