International Business News - Turmoil 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 Eclipse Aviation Corp. employees have returned to work, but the company's troubles are not over as three more customers filed lawsuits seeking refunds from the troubled Albuquerque aircraft manufacturer. http://www.ibtimes.com/articles/20081118/eclipse-employees-return-to-work-in-new-mexico.htm Tue, 18 Nov 2008 08:23:30 EST Eclipse Aviation employees were asked to return to work next week after being told delayed paychecks will arrive by Tuesday but the company still needs to obtain long-term financing to stay in business. http://www.ibtimes.com/articles/20081114/eclipse-asks-employees-back-to-work-monday.htm Fri, 14 Nov 2008 17:28:59 EST The British pound tumbled against the dollar on Friday, weighed down by dismal economic data, while the euro also dived on worries about Europe's exposure to emerging markets, particularly its crisis-stricken eastern neighbors. http://www.ibtimes.com/articles/20081024/euro-plunges-on-eastern-europe-fears.htm Fri, 24 Oct 2008 13:39:14 EDT The turmoil on Wall Street has created a $117 million hole in the operating budget for Alabama's government and raised the possibility of spending cuts later in the year. http://www.ibtimes.com/articles/20081023/wall-street-turmoil-creates-alabama-budget-hole.htm Thu, 23 Oct 2008 18:11:52 EDT Hard-hit British banking stocks recovered Wednesday after the government announced a 50 billion pound ($88 billion) plan to partly nationalize major banks and promised to guarantee a further 250 billion pounds ($438 billion) of bank loans to shore up the beleaguered sector amid the world financial crisis. http://www.ibtimes.com/data/articleimgs/147102-britain-bank-turmoil.jpg http://www.ibtimes.com/articles/20081008/uk-government-will-partially-nationalize-banks.htm http://www.ibtimes.com/articles/20081008/uk-government-will-partially-nationalize-banks.htm Wed, 08 Oct 2008 13:14:28 EDT Prime Minister Gordon Brown summoned the head of Britain's central bank and chief financial regulator for talks Tuesday after banks' share prices plunged amid investors' worries that the government hasn't done enough to strengthen bank balance sheets. http://www.ibtimes.com/articles/20081007/shares-in-british-banks-plunge.htm Tue, 07 Oct 2008 14:43:14 EDT Congress needs to pass the $700 billion financial industry bailout measure to help tackle economic problems that soon will start to hurt average South Dakotans, state Investment Officer Matt Clark said. http://www.ibtimes.com/articles/20081003/sd-officials-urge-financial-bailout-bill-passage.htm Fri, 03 Oct 2008 10:50:47 EDT Italy's finance minister said Thursday that all necessary measures would be taken to guarantee stability in the nation's banking system as Unicredit, whose market value has fallen amid the credit crisi, saw its shares rise in early trading. http://www.ibtimes.com/articles/20081002/unicredit-shares-rise.htm Thu, 02 Oct 2008 06:28:20 EDT A judge dismissed a libel lawsuit against a reporter who wrote about workplace conditions at the Santa Barbara News-Press, the reporter's attorney said Wednesday. http://www.ibtimes.com/articles/20081001/judge-dismisses-news-press-suit-against-reporter.htm Wed, 01 Oct 2008 18:38:53 EDT European leaders urged the United States to quickly revive its defeated bank bailout proposal and stabilize the global financial system, as governments across the continent Tuesday shored up their own banks against the virulent spread of the crisis. http://www.ibtimes.com/articles/20080930/europe-urges-swift-us-action-on-financial-crisis.htm Tue, 30 Sep 2008 10:25:56 EDT Financial meltdown on Wall Street could reorder the world economy and cost the United States its status as the world's financial superpower, Germany's finance minister said Thursday. http://www.ibtimes.com/articles/20080925/germany-us-slipping-as-financial-superpower.htm Thu, 25 Sep 2008 09:16:33 EDT South Korea's top finance official expressed confidence Thursday that a plan being readied in Washington will get the United States through its current liquidity crunch, citing his own experience battling a financial meltdown a decade ago. http://www.ibtimes.com/articles/20080925/skorean-finance-chief-says-us-can-overcome-crisis.htm Thu, 25 Sep 2008 09:22:22 EDT The head of a major South Korean business organization called on the government Tuesday not to overreact to financial turmoil in the U.S. by imposing unnecessary rules. http://www.ibtimes.com/articles/20080923/skorean-business-chief-wary-of-overregulation.htm Tue, 23 Sep 2008 05:47:21 EDT Germany said it sees no need for a U.S.-style finance sector bailout of its own, but pressed Monday for the Group of Eight to consider more measures that might help prevent a future crisis. http://www.ibtimes.com/articles/20080922/germany-plans-no-banking-bailout.htm Mon, 22 Sep 2008 10:34:57 EDT America's battered financial services industry is close to getting the lifeline it was desperately seeking as government leaders sketched out a plan to rescue banks from bad debts that threatened their survival. http://www.ibtimes.com/data/articleimgs/133907-earns-goldman-sachs.jpg http://www.ibtimes.com/articles/20080919/morgan-stanley-others-may-get-govt-lifeline.htm http://www.ibtimes.com/articles/20080919/morgan-stanley-others-may-get-govt-lifeline.htm Fri, 19 Sep 2008 00:35:34 EDT America's battered financial services industry is close to getting the lifeline it was desperately seeking as government leaders sketched out a plan late Thursday to rescue banks from bad debts that threatened their survival. http://www.ibtimes.com/data/articleimgs/133557-earns-goldman-sachs.jpg http://www.ibtimes.com/articles/20080918/ap-source-morgan-stanley-seeks-deal-with-wachovia.htm http://www.ibtimes.com/articles/20080918/ap-source-morgan-stanley-seeks-deal-with-wachovia.htm Thu, 18 Sep 2008 22:27:12 EDT Nepal's ex-communists should head the new government, political opponents said Wednesday, a day after the Maoists abandoned plans for leadership because their choice for president had been rejected. http://www.ibtimes.com/data/articleimgs/96773-nepal-political-turmoil.jpg http://www.ibtimes.com/articles/20080724/nepal-ex-rebels-wont-form-government.htm http://www.ibtimes.com/articles/20080724/nepal-ex-rebels-wont-form-government.htm Thu, 24 Jul 2008 01:23:56 EDT Nepal's ex-communists should spearhead the new government, political opponents said Wednesday, a day after the Maoists announced they had abandoned plans for leadership because their choice for president had been rejected. http://www.ibtimes.com/data/articleimgs/96106-nepal-political-turmoil.jpg http://www.ibtimes.com/articles/20080723/nepal-ex-rebels-wont-form-government.htm http://www.ibtimes.com/articles/20080723/nepal-ex-rebels-wont-form-government.htm Wed, 23 Jul 2008 04:27:07 EDT There are new signs that the worst of the global credit crisis is yet to come, and that banks and brokerages caught up in the market turmoil may lose $1 trillion by the time it has passed. http://www.ibtimes.com/data/articleimgs/74456-aptopix-earns-morgan-stanley.jpg http://www.ibtimes.com/articles/20080618/wall-streets-credit-crisis-heads-into-second-year.htm http://www.ibtimes.com/articles/20080618/wall-streets-credit-crisis-heads-into-second-year.htm Wed, 18 Jun 2008 15:59:02 EDT How quickly Asia's newest "Tiger Economy" has stopped roaring. A year ago, Vietnam's stock market was one of the hottest on earth, the real estate market was soaring and economic growth blazing at 8.5 percent. Exports were booming and foreign investment was flooding in, helped by the country's admission to the World Trade Organization. http://www.ibtimes.com/data/articleimgs/72835-vietnam-tiger-in-turmoil.jpg http://www.ibtimes.com/articles/20080616/in-vietnam-from-euphoria-to-gloom.htm http://www.ibtimes.com/articles/20080616/in-vietnam-from-euphoria-to-gloom.htm Mon, 16 Jun 2008 10:20:40 EDT