A Textile Capital of China Is Hobbled by a Downturn Gone Global

Shaoxing, where 20,000 textile and garment factories once hummed, was a city that globalization built. Now, it is suffering as demand wanes in the U.S.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28textile.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28textile.html” border=”0″//a/span

Saudi Prince Is Humbled by Citigroup

The bank’s collapsing share price has damaged few reputations as much as Prince Walid bin Talal’s.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28prince.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28prince.html” border=”0″//a/span

European Leaders to Meet Amid Economic Divisions

Tensions between France and the Czech Republic persist, amid doubts about what such a meeting could accomplish.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/world/europe/28union.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/world/europe/28union.html” border=”0″//a/span

Ireland? Iceland? Doubts on Doomsday Scenario in Eire

The stunning economic fall of Iceland late last year has ignited fears that Ireland may suffer a similar fate.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28doom.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28doom.html” border=”0″//a/span

Off the Charts: All Around the World, Trade Is Shrinking

Nearly every country with published economic data for January experienced a rapid fall in exports.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/economy/28charts.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/economy/28charts.html” border=”0″//a/span

A Textile Capital of China Is Hobbled by the Downturn

Shaoxing, where 20,000 textile and garment factories once hummed, has fallen victim to the global downturn.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28textile.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28textile.html” border=”0″//a/span

Opel in Germany Seeks $4.2 Billion in Aid

The German subsidiary of General Motors said that it would ask European governments for loan guarantees and that it would try to reorganize as an independent company.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28opel.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28opel.html” border=”0″//a/span

Off the Charts: An Ebbing Tide for World Trade

Nearly every country with published economic data for January experienced a rapid fall in exports.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/economy/28charts.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/economy/28charts.html” border=”0″//a/span

Opel Seeks $4.2 Billion From German Government

Government officials had asked that the company present it with a turnaround plan before it would consider aid to help preserve the roughly 25,000 jobs at Opel’s German plants.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28opel.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28opel.html” border=”0″//a/span

Lenders Pledge $31 Billion for Eastern and Central Europe

The plan will inject the funds over two years into the region’s banks to try to rescue its businesses, which are reeling from the global economic crisis.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28euro.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/business/worldbusiness/28euro.html” border=”0″//a/span

Sony Chief Takes Over Company’s Presidency

Sony said Howard Stringer, its chief executive officer, would replace Ryoji Chubachi as president to give the C.E.O. a freer hand in restructuring.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/technology/companies/28sony.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/technology/companies/28sony.html” border=”0″//a/span

Sony CEO Takes Over Company’s Presidency

Sony Corp. said Howard Stringer, its chief executive officer, would replace Ryoji Chubachi as president to give the CEO a freer hand in restructuring.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/technology/companies/28sony.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/28/technology/companies/28sony.html” border=”0″//a/span

In a Surprise, UBS Will Be Led by a Former Credit Suisse Executive

The chief executive of UBS, Marcel Rohner, resigned, and Oswald Grübel will succeed him.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27ubs.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27ubs.html” border=”0″//a/span

Debt Tests Canadian Media Company

CanWest Global Communications may soon be nearing default on its crushing debt load and possibly facing bankruptcy.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/media/27canwest.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/media/27canwest.html” border=”0″//a/span

Record Loss at Royal Bank of Scotland

Reporting an annual loss of $34.2 billion, the bank became the first to sign up for a government plan to revive lending by helping banks set aside illiquid assets.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27rbos.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27rbos.html” border=”0″//a/span

RBS Posts Biggest Loss in U.K. History

Reporting an annual loss of $34.2 billion, the Royal Bank of Scotland became the first bank to sign up for a government plan to revive lending by helping banks set aside illiquid assets.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27rbos.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27rbos.html” border=”0″//a/span

UBS Names a New Chief Executive

The chief executive of UBS, Marcel Rohner, resigned, and a former Credit Suisse executive will succeed him.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27ubs.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27ubs.html” border=”0″//a/span

RBS Posts Biggest Loss in British Corporate History

Reporting the biggest annual loss in U.K. history, the Royal Bank of Scotland became the first bank to sign up to the British government’s asset protection plan.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27rbos.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27rbos.html” border=”0″//a/span

UBS Names New Chief Executive

UBS announced that its chief executive, Marcel Rohner, had resigned and named a former Credit Suisse executive, Oswald Grübel, to succeed him.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27ubs.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/27/business/worldbusiness/27ubs.html” border=”0″//a/span

Tax Suspicions Grow on Swiss Accounts

Authorities say many more Americans than previously thought use offshore banks to hide money and evade taxes.br/br/span class=”advertisement” a href=”http://www.pheedo.com/click.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/26/business/26ubs.html”img src=”http://www.pheedo.com/img.phdo?x=b55a8a64fc2b4943aec507fe95d9b0d6u=http://www.nytimes.com/2009/02/26/business/26ubs.html” border=”0″//a/span