Li and Fung News

Hong Kong stocks rose for a third day Monday, with the city's benchmark index closing at a three-month high, as Chinese developers gained on higher home prices and U.S. consumer sentiment topped estimates.

Hong Kong shares rose Wednesday, with the Hang Seng Index rebounding from its biggest two-day drop in a month, as consumer stocks Li & Fung Ltd.

Asian stocks rose as Japan's Nikkei 225 Stock Average climbed above 15,000 for the first time since January 2008 after the yen touched a 4 1/2-year low against the dollar, boosting the earnings outlook for exporters.

Hong Kong shares are poised to start higher on Wednesday, with index gains buoyed by a 6 percent jump for supply chain manager Li & Fung after its chairman was reported to have said earnings this year will rebound to 2011 levels.

STOCKHOLM/CHICAGO - Major U.S. retailers, including Gap Inc, declined to endorse an accord on Bangladesh building and fire safety backed by Europe's two biggest fashion chains, a trans-Atlantic divide that may dilute garment industry reform efforts.

Rescue officials in Bangladesh said this Tuesday they had given up hope of finding more survivors from a garment factory complex that collapsed killing hundreds, as the government came under pressure to do more to enforce building safety standards.

If alternative marketing agency Vice and white-label clothier Li & Fung birthed an offspring, it would be brand-development firm the Supply System.

Rescue officials in Bangladesh said on Tuesday they had given up hope of finding more survivors from a garment factory complex that collapsed killing hundreds, as the government came under pressure to do more to enforce building safety standards.