Financial news on April 30, 2010
Business and Financial news
Dubai World, which is in talks to restructure $26 billion in debt, is offering lenders an additional 1 percent in interest upon maturity of new debt, but the deal is unlikely to satisfy banks, analysts told Reuters on Thursday. Read more..
Essar Energy, will reduce the asking price for its $2.5 billion flotation to below its planned price range, The Financial Times reported. Read more..
Goldman Sachs and other high-profile banks must defend against allegations by 15 California cities and counties that they conspired to rig bids for municipal investment contracts and derivatives, a U.S. judge ruled, according to Reuters. Read more..
The Greek government, rapidly running out of time to shore up its finances, was close to completing negotiations for assistance from the International Monetary Fund, European officials said Friday. Read more..
Europe’s collective anguish over Greece was interrupted by some good news on Thursday. German unemployment fell more than expected, while earnings surged for some of the country’s biggest companies. Read more..
The long-term damage to BP’s reputation and perhaps to its future for drilling in the Gulf of Mexico are likely to be high, industry analysts said. Read more..
Goldman Sachs and other big banks could see their earning reduced by billions of dollar if Congress approves tighter regulation of the derivatives market. Read more..
The automaker released a software upgrade to solve a handling problem in the Lexus GX 460 identified in a test by Consumer Reports. Read more..
The media conglomerate positive results, helped by cost cuts, may signal a recovery from weak advertising in the recession. Read more..
The United States is the largest shareholder in the International Monetary Fund and has played a forceful, interventionist role in financial crises since the early 1990s. But as Europe gropes for a solution to a debt crisis that threatens to spread, American officials have been resolutely reticent. Read more..
Values are reported in US Dollars
|Wells Fargo & Co.||WFC||33.25||33.82||32.98||33.11||53.4M|
|Procter & Gamble||PG||62.53||63.00||62.11||62.16||15.8M|
|Johnson & Johnson||JNJ||65.13||65.34||64.30||64.30||14.3M|
|Walt Disney & Co.||DIS||37.19||37.49||36.60||36.84||11.5M|
|International Business Machines||IBM||130.43||130.64||128.84||129.00||6.27M|
Exchange Rates of April 30, 2010
|US Dollar||Japanese Yen||1 USD = 93.810 JPY||1 JPY = 0.011 USD|
|US Dollar||Canadian Dollar||1 USD = 1.018 CAD||1 CAD = 0.983 USD|
|US Dollar||Swiss Franc||1 USD = 1.078 CHF||1 CHF = 0.928 USD|
|US Dollar||Chinese Yuan||1 USD = 6.825 CNY||1 CNY = 0.147 USD|
|Euro||Japanese Yen||1 EUR = 124.740 JPY||1 JPY = 0.008 EUR|
|Euro||Pound Sterling||1 EUR = 0.870 GBP||1 GBP = 1.149 EUR|
|Euro||Australian Dollar||1 EUR = 1.438 AUD||1 AUD = 0.695 EUR|
|Euro||Canadian Dollar||1 EUR = 1.353 CAD||1 CAD = 0.739 EUR|
|Euro||Swiss Franc||1 EUR = 1.433 CHF||1 CHF = 0.698 EUR|
|Euro||Chinese Yuan||1 EUR = 9.079 CNY||1 CNY = 0.110 EUR|
|Japanese Yen||Pound Sterling||1 JPY = 0.697 GBP||1 GBP = 1.434 JPY|
|Japanese Yen||Australian Dollar||1 JPY = 1.152 AUD||1 AUD = 0.868 JPY|
|Japanese Yen||Canadian Dollar||1 JPY = 1.084 CAD||1 CAD = 0.923 JPY|
|Japanese Yen||Swiss Franc||1 JPY = 1.148 CHF||1 CHF = 0.871 JPY|
|Pound Sterling||Australian Dollar||1 GBP = 1.652 AUD||1 AUD = 0.605 GBP|
|Pound Sterling||Canadian Dollar||1 GBP = 1.554 CAD||1 CAD = 0.644 GBP|
|Pound Sterling||Swiss Franc||1 GBP = 1.646 CHF||1 CHF = 0.608 GBP|
|Pound Sterling||Chinese Yuan||1 GBP = 10.416 CNY||1 CNY = 0.096 GBP|
|Australian Dollar||Canadian Dollar||1 AUD = 0.941 CAD||1 CAD = 1.063 AUD|
|Australian Dollar||Swiss Franc||1 AUD = 0.993 CHF||1 CHF = 1.007 AUD|
|Australian Dollar||Chinese Yuan||1 AUD = 6.313 CNY||1 CNY = 0.158 AUD|
|Canadian Dollar||Swiss Franc||1 CAD = 1.055 CHF||1 CHF = 0.948 CAD|
|Canadian Dollar||Chinese Yuan||1 CAD = 6.707 CNY||1 CNY = 0.149 CAD|
|Swiss Franc||Chinese Yuan||1 CHF = 6.336 CNY||1 CNY = 0.158 CHF|