International Business News - New http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The United Nations' AIDS program says Secretary-General Ban Ki-moon has appointed a new executive director for the group. The U.N. said Monday that Michel Sidibe will be the next executive director of UNAIDS, based in Geneva, Switzerland. He is its deputy executive director and was recommended by a U.N. search committee. Sidibe, a citizen of Mali, replaces Dr. Peter Piot as UNAIDS executive director. http://www.ibtimes.com/articles/20081201/un-names-new-aids-chief.htm Mon, 01 Dec 2008 16:09:40 EST New Zealand will introduce a new emissions trading scheme before next year and remains committed to helping combat climate change, Prime Minister John Key said Monday. http://www.ibtimes.com/articles/20081201/leader-new-zealand-to-get-new-climate-law-in-2009.htm Mon, 01 Dec 2008 11:44:40 EST Shares in New Star Asset Management plummeted by 43 percent on Monday after it revealed it has started fresh debt talks with banks and market authorities rejected its request to temporarily suspend trading in its stock. http://www.ibtimes.com/articles/20081201/new-star-shares-fall-as-it-begins-fresh-debt-talks.htm Mon, 01 Dec 2008 13:49:14 EST Gay is the new black, say the protest signs and magazine covers, casting the gay marriage battle as the last frontier of equal rights for all. Gay marriage is not a civil right, opponents counter, insisting that minority status comes from who you are rather than what you do. http://www.ibtimes.com/articles/20081130/is-gay-the-new-black-marriage-ban-spurs-debate.htm Sun, 30 Nov 2008 12:17:40 EST New York & Co. shares rose on Friday after the women's apparel retailer said it would buy back nearly 3.8 million shares. Shares rose 51 cents, or 37.2 percent, to close at $1.88. The stock has traded between 82 cents and $12.12 during the past 52 weeks. http://www.ibtimes.com/articles/20081128/new-york-co-shares-rise-after-repurchase.htm Fri, 28 Nov 2008 16:42:17 EST With huge dirt movers shaping the site of Volkswagen's $1 billion assembly plant at Chattanooga, Europe's largest automaker says it has no regrets about announcing its arrival as an American employer in hard times. http://www.ibtimes.com/articles/20081128/vw-building-tenn-assembly-plant-during-hard-times.htm Fri, 28 Nov 2008 01:49:16 EST With huge dirt movers shaping the site of Volkswagen's $1 billion assembly plant at Chattanooga, Europe's largest automaker says it has no regrets about announcing its arrival as an American employer in hard times. http://www.ibtimes.com/articles/20081127/vw-building-tenn-assembly-plant-during-hard-times.htm Thu, 27 Nov 2008 14:12:20 EST New Zealand will spend about $3.8 billion on stimulus measures in the next two years to try to lift the country out of recession, the new government said Wednesday. http://www.ibtimes.com/articles/20081126/nz-stimulus-package-to-boost-faltering-economy.htm Wed, 26 Nov 2008 04:34:59 EST Vietnam's first privately-owned airline began flights Tuesday, aiming to tap rising demand for air travel in the fast-growing Southeast Asian nation. Indochina Airlines, owned by a group of Vietnamese businessmen, is operating four daily flights between the southern commercial center of Ho Chi Minh City and Hanoi, said company spokeswoman Nguyen Thi Thanh Quyen. http://www.ibtimes.com/articles/20081124/vietnams-first-privately-owned-airline-launched.htm Mon, 24 Nov 2008 23:25:24 EST Shares of New York Times Co. rose Monday as an analyst welcomed the newspaper publisher's dividend cut, saying it will help the company's funding needs over the next four quarters. http://www.ibtimes.com/articles/20081124/analyst-upgrades-following-ny-times-dividend-cut.htm Mon, 24 Nov 2008 11:18:30 EST Bobbi Rogers feels betrayed. Rogers and husband Kevin Krause came to New Orleans from Phoenix as volunteers to help rebuild the city after the devastation of Hurricane Katrina. They bought and rebuilt a house in the Mid-City neighborhood and put down roots. http://www.ibtimes.com/articles/20081124/hospital-plans-worry-new-orleans-neighborhood.htm Mon, 24 Nov 2008 08:51:59 EST China is working on an additional economic stimulus plan to supplement the $586 billion package announced this month with spending on health care and schools, according to a news report. http://www.ibtimes.com/articles/20081124/report-china-at-work-on-new-stimulus-plan.htm Mon, 24 Nov 2008 02:50:15 EST Vietnam has begun construction of a new international airport on a popular tourist island off the country's southern coast, aiming to boost passenger capacity to the destination by 10 fold, officials said Monday. http://www.ibtimes.com/articles/20081124/vietnam-starts-building-new-resort-island-airport.htm Mon, 24 Nov 2008 02:17:41 EST Betting is down at New York's horse tracks and Off-Track Betting parlors this year amid the weak economy. The amount of money bet on races, called handle, is down 4 percent to $527 million through October at New York's thoroughbred and harness tracks compared to the same period last year. That was driven largely by a 4 percent drop at New York's three thoroughbred tracks, Aqueduct, Belmont and Saratoga, as well as decreases at seven of eight harness tracks, according to figures from the state Racing and Wagering Board. http://www.ibtimes.com/articles/20081121/ny-horse-tracks-otbs-stumble-amid-weak-economy.htm Fri, 21 Nov 2008 14:25:19 EST A Deutsche Bank North America analyst cut New York Times Co.'s price target Friday after the newspaper publisher slashed its quarterly dividend by 74 percent. http://www.ibtimes.com/articles/20081121/ahead-of-the-bell-ny-times-price-target-cut.htm Fri, 21 Nov 2008 07:34:57 EST The Bank of New York Mellon Corp. said Thursday it will cut its worldwide work force by 4 percent, or about 1,800 jobs, blaming the weak global economy. http://www.ibtimes.com/articles/20081121/bank-of-new-york-mellon-to-cut-1-800-jobs.htm Fri, 21 Nov 2008 07:18:08 EST New Zealand's dairy farmers, a mainstay of the isolated South Pacific nation's exports, face a 24 percent fall in payments for milk this year because of slumping world prices, a new blow for an economy already in recession. http://www.ibtimes.com/articles/20081121/nz-dairy-farmers-facing-big-earnings-cut.htm Fri, 21 Nov 2008 05:31:43 EST The New York Times Co. said Thursday that total revenue in October fell 9.4 percent from a year ago, as the advertising slump worsened. Advertising revenue, which comprise nearly two-thirds of total revenue, fell by 16.2 percent while circulation revenue rose by 3.9 percent, with increases at The New York Times, and the New England and regional media groups. http://www.ibtimes.com/articles/20081120/new-york-times-october-revenue-falls-9-4-percent.htm Thu, 20 Nov 2008 20:14:30 EST The Bank of New York Mellon Corp. said Thursday it will cut its worldwide work force by 4 percent, or about 1,800 jobs, blaming the weak global economy. http://www.ibtimes.com/articles/20081120/bank-of-new-york-mellon-to-cut-1-800-jobs.htm Thu, 20 Nov 2008 19:20:26 EST A new wave of loan defaults, this time tied to commercial mortgages, is starting to hit insurance companies and may be contributing to the stock market's woes. http://www.ibtimes.com/articles/20081120/commercial-loan-losses-hurting-insurers.htm Thu, 20 Nov 2008 18:19:15 EST