Overnight Wall Street was up on economic data, positive earnings and the nomination of Federal Reserve chief Ben Bernanke to serve a second term. The Conference Board's August index of consumer confidence rose for a second month, exceeding economists' forecast.
Wall Street made a third consecutive day gain overnight as some latest economic data shows that the recession is bottoming out. Financials were also buoyed after Insurance giant American International Group said it expects to repay the government.
China's largest down apparel company, Bosideng International Holdings Limited ("Bosideng" or the "Company"; HKG:3998, together with its subsidiaries the "Group") has won two major awards in the PRC on August 8, 2009. It has once again received the "China Mask Award" for three consecutive years at the 3rd China Brand Festival Award Presentation Ceremony. It was given the title as "Invincible General Delivering Stable Growth". On a separate occasion, Bosideng was named amongst "2008-2009 Top 10 Most Competitive Enterprises in the China Apparel Industry" by China National Textile and Apparel Council ("CNTAC").
An encouraging employment report sent the US stocks to a more than nine months high on Friday. The Labor Department released a report that the country's unemployment rate unexpectedly dropped to 9.4 per cent, its first decline in 15 months.
The Australian share market on Tuesday fell for a second session dragged by lower commodities prices. The benchmark S&P/ASX200 index finished 69.2 points, or 1.72 per cent lower, at 3962.5 while the broader All Ordinaries index plunged 72.5 points, or 1.8 per cent, to 3,957.9 points.
In a newly released "Global Reputation Pulse 2009" study conducted by the international consulting firm - Reputation Institute, Bosideng International Holdings Limited ("Bosideng" or the "Group")(HKG:3998) earned a respected ranking at No. 160 as one of the "World's Most Reputable Companies". This study was conducted amongst 25 key global industries, ranging from airlines and aerospace, automotive and computer conglomerates to consumer products, banks and health care in 32 countries. Moreover, it is the highest rank among all PRC apparel brands in the study.
China's largest down apparel company, Bosideng International Holdings Limited ("Bosideng" or the "Company"; stock code: HKG:3998, together with its subsidiaries the "Group"), announced that it has made further inroads in expanding its brand and product portfolio. It has entered into a JV Agreement with Iconix China Limited ("Iconix" or the "JV partner") on 28 May 2009 for the establishment of a joint venture company ("Joint Venture Company") which will conduct the Rocawear business and develop the Rocawear brand in the Greater China Region which comprises the PRC, Hong Kong, the Macau Special Administrative Region and Taiwan.
