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Li & Fung Ltd


  • Coty footing $1.8M for CEO who didn't take the job Tuesday, 23 Jun 2015 | 7:17 PM ET
    Elio Leoni-Sceti

    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...

  • Brand it like Beckham: Footballer signs new deal Wednesday, 3 Dec 2014 | 10:50 PM ET

    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.

  • Vietnam mobs set fire to Chinese factories Wednesday, 14 May 2014 | 7:33 PM ET
    protesters wave Vietnamese flags as they rally on a street outside a factory building in Binh Duong, as anti-China protesters set more than a dozen factories on fire in Vietnam, according to state media, in an escalating backlash against Beijing's deployment of an oil rig in contested waters.

    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.

  • Wal-Mart supplier shares soar on spin-off plans Friday, 21 Mar 2014 | 1:59 AM ET

    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.

  • The mysterious Asian middleman behind your clothes Thursday, 8 Aug 2013 | 2:22 PM ET
    Demonstrators stand outside of the Li Fung tower in Hong Kong as they protest over what they say are unpaid wages owed to textile workers in Turkey by Li and Fung and garment brand Esprit.

    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.

  • Nikkei Soars 5% After Upwards Growth Revision Monday, 10 Jun 2013 | 2:00 AM ET

    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.

  • EU Mulls Trade Action on Bangladesh After Disaster Wednesday, 1 May 2013 | 12:11 AM ET
    Rescuers at the scene after the Bangladesh building collapse in April.

    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.

  • Why Li & Fung Shares Are Rallying Thursday, 21 Mar 2013 | 10:33 PM ET
    Why Li & Fung is Bucking Hong Kong Weakness

    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.

  • Japan's Nikkei Hits 32-Month High; Asia Slips Tuesday, 15 Jan 2013 | 5:11 AM ET

    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.

  • Asia Posts Modest Gains, Led by China Stocks Monday, 14 Jan 2013 | 5:10 AM ET

    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.

  • Li & Fung's Shares Dive 16% on Profit Warning Sunday, 13 Jan 2013 | 11:34 PM ET

    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.

  • Stocks in 60 Seconds: Li & Fung Sunday, 13 Jan 2013 | 10:20 PM ET
    Stocks in 60 Seconds: Li & Fung

    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.

  • Asia Lower on Fed Minutes; Nikkei Up 2.8% Friday, 4 Jan 2013 | 5:05 AM ET

    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.

  • Appetite for Bonds Sours as Asia Investors Get Burned Tuesday, 18 Dec 2012 | 6:56 PM ET

    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.

  • PRESS DIGEST - Hong Kong - Oct 10 Tuesday, 9 Oct 2012 | 9:45 PM ET

    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 shares seen easing on Wall St weakness Tuesday, 9 Oct 2012 | 8:54 PM ET

    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.