Li & Fung rating cut to "BBB+" on weak execution of strategy

(Hong Kong) Hong Kong-based Li & Fung limited the multinational consumer goods sourcing, logistics, and distribution group, announced 2012 annual results. Highlights of results: Core operating profit was down by 42.0% to US$511 million Decline ...

Recent restructuring costs in the US have cost Hong Kong based Li

May 15 (Bloomberg) -- Hong Kong stocks rose, with the Hang Seng Index rebounding from its biggest two-day drop in a month, as Li & Fung Ltd. surged on a rating upgrade and developers advanced. Li & Fung, the world's largest supplier of clothes and ...

Li & Fung Ltd. (494), the world's largest supplier of clothes and toys to retailers, climbed the most in 17 months in Hong Kong trading after UBS AG upgraded the stock to Neutral from Sell. Li & Fung advanced as much as 7.8 percent to HK$11.10, ...

HONG KONG Fluid, a Hong Kong-based independent creative agency, has appointed Guy Parsonage (pictured) as chief executive as it repositions itself for international expansion. Parsonage joins Fluid from Jack Morton Parsonage is the former managing ...

sources HONG KONG, March 21 China Resources Enterprise, China Unicom , Foxconn International, Kunlun Energy , Li & Fung, Great Wall Motor and Petrochina are among the companies expected to post their final 2012 corporate earnings. The Hang Seng ...

May 24 (Bloomberg) -- Hong Kong stocks fell, sending the benchmark index to its biggest weekly drop since April 5. Developers led the declines, while Lenovo Group Ltd. jumped after saying it's seeking acquisitions to boost smartphone and tablet ...

Hong Kong, 05/24/2013 (Bloomberg) - Short selling was recorded on the Main Board of the Hong Kong Stock Exchange for the following companies as of 00:45 today. of shares selling Total of short Tkr sold short turnover turnover to total Sym Company ...

-- Operating Revenue Surges 17.6% -- Change of Board of Directors On Schedule HONG KONG, April 29, 2013 /PRNewswire/ -- Shanghai Pharmaceuticals Holding Co. Ltd., ("Shanghai Pharmaceuticals" or the "Company" and, together with its subsidiaries, the ...