Financial news on May 23, 2015
Business and Financial news
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..
Governments need to address impediments to investment and growth like bureaucracy, rules for hiring and firing, and overregulation, Mario Draghi said. Read more..
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..
You can send the message to someone not in the original conversation by taking a couple of steps. Read more..
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..
Janine Gibson is leaving her post as senior editor at The Guardian after 17 years there. Read more..
The Bermuda reinsurer said the Italian investment company Exor “effectively rejected” its offer to engage in further discussions on a competing bid. Read more..
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..
Ann Carrns Your Money Adviser offers experts' tips for paying off student loans, starting with knowing when first payment is due. Read more..
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..
Exchange Rates of May 23, 2015
|US Dollar||Australian Dollar||1 USD = 1.277 AUD||1 AUD = 0.783 USD|
|US Dollar||Canadian Dollar||1 USD = 1.227 CAD||1 CAD = 0.815 USD|
|US Dollar||Mexican Peso||1 USD = 15.245 MXN||1 MXN = 0.066 USD|
|Pound Sterling||Australian Dollar||1 GBP = 1.979 AUD||1 AUD = 0.505 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.902 CAD||1 CAD = 0.526 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.960 CAD||1 CAD = 1.041 AUD|
|Canadian Dollar||Chinese Yuan||1 CAD = 5.050 CNY||1 CNY = 0.198 CAD|
|Canadian Dollar||Mexican Peso||1 CAD = 12.443 MXN||1 MXN = 0.080 CAD|