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Dec 5, 2014

Prada targets cost cuts in 2015 as Q3 profit falls 44 pct

HONG KONG/MILAN, Dec 5 (Reuters) – Italian luxury group
Prada said it would continue to cut costs next year
and open fewer shops than planned after its profit slumped 44
percent in the three months to end-October, hurt by declining
sales.

Street protests in Hong Kong since late September have added
to the difficulties Prada faces in Asia Pacific – its biggest
regional market accounting for 38 percent of sales – as slowing
economic growth and a crackdown on corruption in China cooled
consumer demand.

Dec 5, 2014

Prada quarterly profit drops, says outlook uncertain

HONG KONG, Dec 5 (Reuters) – Italian luxury goods maker
Prada SpA posted a 43.8 percent drop in third-quarter
profit and said it faced increased competition amid an uncertain
economic outlook.

Prada’s net profit for the three months ended Oct. 31 was
74.47 million euros ($91.99 million), lower than the 97 million
euros forecast by brokerage CLSA and the 112 million euros
forecast by JPMorgan.

Dec 3, 2014

Hong Kong ‘Occupy’ leaders surrender as pro-democracy protests appear to wither

HONG KONG (Reuters) – Leaders of Hong Kong’s Occupy Central movement surrendered to police on Wednesday for their role in democracy protests that the government has deemed illegal, the latest sign that the civil disobedience campaign may be running out of steam.

Three founders turned themselves in a day after calling on students to retreat from protest sites in the Asia financial center amid fears of further violence, just hours after student leader Joshua Wong had called on supporters to regroup.

Dec 2, 2014

Hong Kong warns protesters not to return after clashes close government HQ

HONG KONG (Reuters) – Thousands of Hong Kong pro-democracy activists forced the temporary closure of government headquarters on Monday after clashing with police, defying orders to retreat after more than two months of sustained protests in the Chinese-controlled city.

Hong Kong leader Leung Chun-ying said police had been tolerant but would now take “resolute action”, suggesting that patience may have finally run out.

Dec 2, 2014

Hong Kong warns protesters not to return

HONG KONG (Reuters) – Thousands of Hong Kong pro-democracy activists forced the temporary closure of government headquarters on Monday after clashing with police, defying orders to retreat after more than two months of sustained protests in the Chinese-controlled city.

Hong Kong leader Leung Chun-ying said police had been tolerant but would now take “resolute action”, suggesting that patience may have finally run out.

Dec 1, 2014

Hong Kong protesters clash with police, government HQ closes

HONG KONG (Reuters) – Thousands of pro-democracy activists forced the temporary closure of the Hong Kong government’s headquarters on Monday after they clashed with police outside, defying orders to retreat after more than two months of sustained protests.

Chaos erupted as commuters made their way to work, with hundreds of protesters surrounding Admiralty Centre, which houses offices and retail outlets, in a tense stand-off with police. The central government offices and the legislature were forced to close in the morning, as were scores of shops.

Nov 30, 2014

Hong Kong protesters clash with police near heart of financial district

HONG KONG (Reuters) – Thousands of Hong Kong pro-democracy activists clashed with police in the early hours of Monday as they tried to encircle government headquarters, defying orders for protesters to retreat after more than two months of demonstrations.

The crowds, chanting “Surround government headquarters!” and “Open the road!”, made their way to the buildings in Admiralty, next to Hong Kong’s central business district and some of the world’s most expensive real estate.

Nov 27, 2014

Hong Kong student leaders banned from Mong Kok protest site

HONG KONG (Reuters) – Two Hong Kong student leaders were banned from a large area in Mong Kok as a condition of bail on Thursday after they were arrested during scuffles as police cleared one of the largest protest sites that have choked the city for weeks.

Joshua Wong, Lester Shum and activist lawmaker Leung Kwok-hung, who was also banned from Mong Kok, were charged with obstructing court bailiffs and did not enter a plea.

Nov 21, 2014

Last British governor of Hong Kong says confront China on rights

WASHINGTON/HONG KONG (Reuters) – Countries should not be afraid to stand up to China over democratic rights in Hong Kong, the last British governor of the territory said on Thursday.

Chris Patten rejected Chinese charges that Hong Kong pro-democracy protesters were puppets of foreigners as a “slur” on a “wonderfully principled” movement.

Nov 21, 2014

Last British governor of Hong Kong says confront China on rights; U.S. report cites military intimidation

WASHINGTON/HONG KONG (Reuters) – Countries should not be afraid to stand up to China over democratic rights in Hong Kong, the last British governor of the territory said on Thursday.

Chris Patten rejected Chinese charges that Hong Kong pro-democracy protesters were puppets of foreigners as a “slur” on a “wonderfully principled” movement.

    • About Clare

      "I am based in New York and write about IPOs and wealth management. I was formerly based in San Francisco, where I wrote about tech companies."
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