News: Li & Fung Ltd (0494.HK)

0494.HK on Hong Kong Stock

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Mon, Sep 29 2014

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Big shift in China economy to 'disrupt' Western retailers: Li & Fung head

PARIS - China's role in supplying cheap consumer goods to the West could end in coming years due to rising domestic consumption and worker pay, stoking inflation and unsettling retailers in Western markets, the chairman of logistics group Li & Fung warned.

Big shift in China economy to "disrupt" Western retailers - Li & Fung head

PARIS, Sept 29 - China's role in supplying cheap consumer goods to the West could end in coming years due to rising domestic consumption and worker pay, stoking inflation and unsettling retailers in Western markets, the chairman of logistics group Li & Fung warned.

China shares edge up, Hong Kong also firmer after good data lifts Wall Street

* Li & Fung hits 7-week low after weak H1 results (Updates to midday)

UPDATE 1-Li & Fung H1 net profit climbs 16 pct on accounting gain; core earnings slip 9 pct

HONG KONG, Aug 21 - Hong Kong's Li & Fung Ltd , which grew to prominence making clothing and toys in Asia for Western retailers, said its first-half profit climbed 16 percent as a one-off accounting gain more than offset weak sales in overseas markets.

Li & Fung H1 net profit rises 16 pct

HONG KONG, Aug 21 - Hong Kong's Li & Fung Ltd , supplier of goods like clothing and toys to retailers such as Wal-Mart Stores Inc and Kohl's Corp, said first-half net profit rose 16 percent as it shrugged off weak U.S. retail trading.

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