News
China sportswear brands rally on UBS report, Anta up 8 pct
in.reuters.com
[Reuters] at UBS said an industry-wide restructuring would address issues such as overcapacity and inadequate distribution that have hampered growth as well as allow the companies to pay high dividends. (Reporting by Vikram Subhedar; Editing by Matt Driskill
ZTE shares jump to over two-month high on China handset demand
in.reuters.com
[Reuters] maker, is likely to get almost a 30 percent market share of China Mobile's 4G TD-LTE trial projects, which also helped boost sentiment, analysts said. (Reporting by Vikram Subhedar and Lee Chyen Yee; Editing by Anne Marie Roantree and Matt Driskill
SK Telecom to sell $391 million stake in POSCO
www.reuters.com
[Reuters] on Thursday are Citigroup Inc (C.N), Credit Suisse CSGNNY.UL, Morgan Stanley (MS.N) and SK Securities Co Ltd ( KS). ($1 = Korean won). (Reporting by Hyunjoo Jin in SEOUL and Elzio Barreto in HONG KONG; Editing by Matt Driskill)
Prada reassures against "hysteria" over luxury slowdown
www.reuters.com
[Reuters] outperforming the benchmark Hang Seng Index which is up 12 percent. The company's earnings were released after the Hong Kong market close. ($1 = euros). (Additional reporting by Sabina Suzzi; Editing by Matt Driskill and David Holmes)
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