Financial news on December 25, 2009

Business and Financial news
Airlines in Asia Resist the No-Frills Trend

Cultural differences mean that carriers are more likely to keep perks that major American and European airlines now charge extra for or have dropped. Read more..

By BETTINA WASSENER - The New York Times

Berkshire Has Shed 8% of Workers

The conglomerate run by Warren E. Buffett, reported 21,000 fewer employees than it had at the end of 2008 amid a slump at its manufacturing and retail units. Read more..

By BLOOMBERG NEWS - The New York Times

Health Care Changes Wouldn’t Have Big Effect for Many

For the roughly 160 million people who get insurance through an employer, the result of the long, angry health care debate may be just more of the same. Read more..

By REED ABELSON - The New York Times

Investors End Week on Upswing

Shares on Wall Street rose, closing at their highest levels for the year, after two reports confirmed a steady, if sluggish, recovery. Read more..

By CATHERINE RAMPELL - The New York Times

Jackson Hewitt Slips After Losing Partner’s Support

If the tax preparer loses the ability to make loans to customers backed by anticipated tax refunds, it may hurt its position relative to rivals. Read more..

By BLOOMBERG NEWS - The New York Times

New Film Ignites Debate on Ratings Policy

The film “It’s Complicated” received an R rating for a scene in which two stars share a joint, kicking up attacks on the M.P.A.A. for being out of touch. Read more..

By BROOKS BARNES - The New York Times

Rise of Wind Turbines Is a Boon for Rope Workers

A growing number of people who enjoy rock climbing are finding work inspecting, cleaning and repairing wind turbines. Read more..

By KATE GALBRAITH - The New York Times

Senate Passes an Increase in Debt Limit

The 60-39 vote was for a $290 billion rise in the debt ceiling, and it allowed the House and Senate to adjourn until Jan. 19. Read more..

By CARL HULSE - The New York Times

Vietnam Is Refining Its Role on the Global Stage

Quality handicrafts and specialized clothing have not freed Vietnam from its dependence on the U.S. market. Read more..

By PRADNYA JOSHI - The New York Times

Wall Street, the Depression and the Lords of Finance

These six books — about financial history and how economics went astray — are informative and enjoyable. Read more..

By FLOYD NORRIS - The New York Times

Exchange Rates of December 25, 2009
CurrenciesExchange Rates
US Dollar Japanese Yen 1 USD = 91.110 JPY 1 JPY = 0.011 USD
US Dollar Canadian Dollar 1 USD = 1.050 CAD 1 CAD = 0.952 USD
US Dollar Swiss Franc 1 USD = 1.036 CHF 1 CHF = 0.966 USD
US Dollar Chinese Yuan 1 USD = 6.828 CNY 1 CNY = 0.146 USD
Euro Japanese Yen 1 EUR = 131.560 JPY 1 JPY = 0.008 EUR
Euro Pound Sterling 1 EUR = 0.901 GBP 1 GBP = 1.110 EUR
Euro Australian Dollar 1 EUR = 1.625 AUD 1 AUD = 0.615 EUR
Euro Canadian Dollar 1 EUR = 1.511 CAD 1 CAD = 0.662 EUR
Euro Swiss Franc 1 EUR = 1.492 CHF 1 CHF = 0.670 EUR
Euro Chinese Yuan 1 EUR = 9.819 CNY 1 CNY = 0.102 EUR
Japanese Yen Pound Sterling 1 JPY = 0.687 GBP 1 GBP = 1.457 JPY
Japanese Yen Australian Dollar 1 JPY = 1.238 AUD 1 AUD = 0.808 JPY
Japanese Yen Canadian Dollar 1 JPY = 1.151 CAD 1 CAD = 0.869 JPY
Japanese Yen Swiss Franc 1 JPY = 1.135 CHF 1 CHF = 0.881 JPY
Pound Sterling Australian Dollar 1 GBP = 1.805 AUD 1 AUD = 0.554 GBP
Pound Sterling Canadian Dollar 1 GBP = 1.676 CAD 1 CAD = 0.597 GBP
Pound Sterling Swiss Franc 1 GBP = 1.656 CHF 1 CHF = 0.604 GBP
Pound Sterling Chinese Yuan 1 GBP = 10.890 CNY 1 CNY = 0.092 GBP
Australian Dollar Canadian Dollar 1 AUD = 0.928 CAD 1 CAD = 1.078 AUD
Australian Dollar Swiss Franc 1 AUD = 0.916 CHF 1 CHF = 1.092 AUD
Australian Dollar Chinese Yuan 1 AUD = 6.028 CNY 1 CNY = 0.166 AUD
Canadian Dollar Swiss Franc 1 CAD = 0.986 CHF 1 CHF = 1.014 CAD
Canadian Dollar Chinese Yuan 1 CAD = 6.503 CNY 1 CNY = 0.154 CAD

See what else happened on December 25, 2009