The Shanghai Composite clinched a fresh seven-year high on Friday, while markets in Japan edged up to finish at their highest levels in 15 years.» Read More
Even though Elio Leoni Sceti isn't taking the job, the company will pay out some $1.8 million for the failed hire.
NEW YORK— Cosmetics and fragrance maker Coty said its interim CEO will continue in that role, and Elio Leoni Sceti, who was scheduled to become its CEO in about a week, won't be joining the company. Chairman Bart Becht has been Coty's interim CEO since September. Coty said the severance payment, which is equal to one year's salary, was part of the employment agreement...
David Beckham wants the world to know that his new deal with Global Brands isn't just about him.
Asian indices traded higher on Friday but trading remained light as investors await possible clues about interest rates at the Jackson Hole Symposium.
Thousands of Vietnamese set fire to foreign factories and rampaged in a reaction to Chinese oil drilling in Vietnam's part of the South China Sea.
Asian equity markets rebounded on Friday after better than expected U.S data restored confidence in the economic recovery.
Shares of global supply chain manager Li & Fung rallied almost 20 percent on Friday on robust earnings and plans to spin-off its brands unit.
Li & Fung has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh.
Asian stocks rose on Monday with Japan's benchmark Nikkei rebounding on the back of a strong gross domestic product (GDP) revision and a weaker yen.
The European Union voiced strong concern over labor conditions in Bangladesh after a building collapse there killed hundreds of factory workers, and said it was considering action to encourage improvements.
Shares of the world's largest supplier of clothes and toys to retailers, Li & Fung, rallied 4 percent despite posting a lower operating profit. Jackson Wong of Tanrich Securities explains why.
Japanese shares surged to multi-year highs on Tuesday on rising expectations that strong political pressure will prompt the Bank of Japan to deliver bold monetary easing measures. Meanwhile, other Asian stock markets struggled as gains were capped on earnings caution.
Asian stocks ended slightly higher on Monday, helped by a 3 percent boost in mainland Chinese shares but trading volume remained light with Japanese financial markets shut for a public holiday.
Shares of Li & Fung fell 16 percent to a three-month low after the global supply chain manager warned of a steep drop in core operating profit, taking investors by surprise and triggering concern over its ability to reach a three-year earnings target.
CNBC's Adam Bakhtiar takes on the daily challenge of 'Stock in 60', and looks at shares of Li & Fung, which dived 16% after the exporter warned of a steep drop in operating profit.
Asian shares ended mostly lower on Friday, tracking overnight weakness in global equities after several Fed officials expressed concerns about continuing to expand stimulative bond buying. But, Japanese stocks surged as the market played catch-up with the region on its first trading day of 2013.
Asia's wealthiest investors may lose some of their appetite for corporate bonds after getting burned in recent deals, analysts and bankers say, sowing caution in a market where issuance hit a record this year and hiking funding costs for riskier borrowers.
HONG KONG, Oct 10- These are some of the leading stories in Hong Kong newspapers on Wednesday. --China Galaxy Securities is set to include additional bookrunners in its dual listing in Hong Kong and Shanghai that could raise more than $1 billion as soon as the first quarter of next year, according to people familiar with the situation.
HONG KONG, Oct 10- Hong Kong shares are set to dip on Wednesday if weakness on Wall Street sparks profit-taking after the previous session's China- led rally. Meanwhile, the European Commission has delayed a trade case against Huawei and ZTE Corp, easing tensions between the European Union and China.
HONG KONG, Oct 5- Asian credit spreads moved in further on Friday boosted by inflows into riskier assets and as sentiment remained upbeat ahead of the crucial US jobs data. The iTraxx Asia ex- Japan investment grade index series 18 tightened by 1-2 bp to 128/ 131 bp after the European Central Bank provided further assurance about its bond buying programme.