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 DollarJapanese Yen1 USD = 91.110 JPY1 JPY = 0.011 USD
US DollarCanadian Dollar1 USD = 1.050 CAD1 CAD = 0.952 USD
US DollarSwiss Franc1 USD = 1.036 CHF1 CHF = 0.966 USD
US DollarChinese Yuan1 USD = 6.828 CNY1 CNY = 0.146 USD
EuroJapanese Yen1 EUR = 131.560 JPY1 JPY = 0.008 EUR
EuroPound Sterling1 EUR = 0.901 GBP1 GBP = 1.110 EUR
EuroAustralian Dollar1 EUR = 1.625 AUD1 AUD = 0.615 EUR
EuroCanadian Dollar1 EUR = 1.511 CAD1 CAD = 0.662 EUR
EuroSwiss Franc1 EUR = 1.492 CHF1 CHF = 0.670 EUR
EuroChinese Yuan1 EUR = 9.819 CNY1 CNY = 0.102 EUR
Japanese YenPound Sterling1 JPY = 0.687 GBP1 GBP = 1.457 JPY
Japanese YenAustralian Dollar1 JPY = 1.238 AUD1 AUD = 0.808 JPY
Japanese YenCanadian Dollar1 JPY = 1.151 CAD1 CAD = 0.869 JPY
Japanese YenSwiss Franc1 JPY = 1.135 CHF1 CHF = 0.881 JPY
Pound SterlingAustralian Dollar1 GBP = 1.805 AUD1 AUD = 0.554 GBP
Pound SterlingCanadian Dollar1 GBP = 1.676 CAD1 CAD = 0.597 GBP
Pound SterlingSwiss Franc1 GBP = 1.656 CHF1 CHF = 0.604 GBP
Pound SterlingChinese Yuan1 GBP = 10.890 CNY1 CNY = 0.092 GBP
Australian DollarCanadian Dollar1 AUD = 0.928 CAD1 CAD = 1.078 AUD
Australian DollarSwiss Franc1 AUD = 0.916 CHF1 CHF = 1.092 AUD
Australian DollarChinese Yuan1 AUD = 6.028 CNY1 CNY = 0.166 AUD
Canadian DollarSwiss Franc1 CAD = 0.986 CHF1 CHF = 1.014 CAD
Canadian DollarChinese Yuan1 CAD = 6.503 CNY1 CNY = 0.154 CAD

See what else happened on December 25, 2009