Financial news on May 23, 2015

Business and Financial news
Dutch Government to Proceed With Sale of ABN Amro Shares

The sale, possibly in an I.P.O., is the next step for the Dutch government to recoup the tens of billions it pumped into the bank in a bailout. Read more..

By CHAD BRAY - The New York Times

Eurozone Economy Is Improving, E.C.B. Chief Says, but Outlook Is Muted

Governments need to address impediments to investment and growth like bureaucracy, rules for hiring and firing, and overregulation, Mario Draghi said. Read more..

By JACK EWING - The New York Times

Fighting Pollution From Microbeads Used in Soaps and Creams

California State Assembly approves measure to ban use of microbeads, tiny plastic balls used in personal care products that manufacturers herald for their exfoliating power; environmental activists say particles flow through pipes and drains when washed off, winding up in nation's lakes and rivers, and eventually, the food chain. Read more..

By RACHEL ABRAMS - The New York Times

Forwarding Text Messages on the iPhone

You can send the message to someone not in the original conversation by taking a couple of steps. Read more..

By J. D. BIERSDORFER - The New York Times

Holiday Travelers at Highest Since 2005, Despite Rising Gas Prices

Americans travelers heading into Memorial Day weekend will be paying nearly a dollar a gallon less compared with 2014; Energy Dept reports savings of about $650 per average household due to drop in oil and gas prices; AAA predicts crowded highways with some 37.2 Americans on roads for holiday, 4.7 percent increase from 2014 and largest Memorial Day number since 2005. Read more..

By CLIFFORD KRAUSS - The New York Times

Janine Gibson, Editor Who Led Team That Won Pulitzer, Leaves The Guardian

Janine Gibson is leaving her post as senior editor at The Guardian after 17 years there. Read more..

By RAVI SOMAIYA - The New York Times

PartnerRe to Proceed With Vote on Axis Capital Merger

The Bermuda reinsurer said the Italian investment company Exor “effectively rejected” its offer to engage in further discussions on a competing bid. Read more..

By CHAD BRAY - The New York Times

Sale of K-Y to Reckitt Benckiser Raises Competition Concerns

Regulators in Britain are worried the sale will result in higher prices, since Reckitt also owns the Durex brand of condoms and lubricants. Read more..

By CHAD BRAY - The New York Times

What to Do When It’s Time to Pay for All That Knowledge

Ann Carrns Your Money Adviser offers experts' tips for paying off student loans, starting with knowing when first payment is due. Read more..

By ANN CARRNS - The New York Times

Yellen Expects Fed to Start Raising Rates This Year

Federal Reserve Chairwoman Janet L Yellen tells audience at Chamber of Commerce in Providence, RI, that as long as economy appears to be improving, Fed can be expected to raise benchmark interest rate during latter part of 2015. Read more..

By BINYAMIN APPELBAUM - The New York Times

Exchange Rates of May 23, 2015
CurrenciesExchange Rates
US DollarAustralian Dollar1 USD = 1.277 AUD1 AUD = 0.783 USD
US DollarCanadian Dollar1 USD = 1.227 CAD1 CAD = 0.815 USD
US DollarMexican Peso1 USD = 15.245 MXN1 MXN = 0.066 USD
Pound SterlingAustralian Dollar1 GBP = 1.979 AUD1 AUD = 0.505 GBP
Pound SterlingCanadian Dollar1 GBP = 1.902 CAD1 CAD = 0.526 GBP
Australian DollarCanadian Dollar1 AUD = 0.960 CAD1 CAD = 1.041 AUD
Canadian DollarChinese Yuan1 CAD = 5.050 CNY1 CNY = 0.198 CAD
Canadian DollarMexican Peso1 CAD = 12.443 MXN1 MXN = 0.080 CAD

See what else happened on May 23, 2015