Korean Fashion Designers Hit New York

Korean Fashion Designers Hit New York: Nine of Korea’s top fashion designers presented a selection of looks from their 2010 collections at a special runway show in New York on Wednesday, Nov. 4, kicking off a two-day preview event for local buyers

Korean Fashion Designers Hit New York:Nine of Korea’s top fashion designers presented a selection of looks from their 2010 collections at a special runway show in New York on Wednesday, Nov. 4, kicking off a two-day preview event for local buyers.

Making their debut in the U.S. retail market, the designers are all members of the Korean Federation of Design Association, who organized the event in conjunction with the Korea International Trade Association and Korea Women Entrepreneurs Associations.

Collections ranged from contemporary daywear like Cubellia, with smart mod cashmere A-line coats and cheery ruffled blouses – “My style is feminine, elegant, practical and wearable,” said designer Soo Hyun Choi, who uses a lot of stretchable fabrics for added comfort – to couture, like Lilycomes Paris by Jeone Mi Young, who showed a series of dresses with feather-covered bodices and over-the-top ruffles, which were not for the faint of heart.

Other designers, like Lee Young Hee Presents and ANS An Yoon Jung focused on flirty cocktail dresses?sequined, in the case of Lee Young Hee and with flouncy, flared skirts from An Yoon Jung.

For a more bohemian sensibility, Ecole de Paris offered a romantic pairing of high collared ruffled blouses paired with structured military jackets, while Yan’s by HEEDEUK focused on texture, like a fuzzy Mongolian lamb fur vest paired with silk genie-style trousers.

source:http://news.yahoo.com/

Royal Bank Of Scotland Posts $3 Billion 3Q Loss

Royal Bank Of Scotland Posts $3 Billion 3Q Loss: Government-controlled Royal Bank of Scotland Group PLC on Friday reported a net loss of 1.8 billion pounds ($3 billion) but that underlying profits had improved and lending to companies increased 5 percent. Full recovery from its near collapse a year ago will take years, its chief executive Stephen Hester said. For the three months ending Sept.

Royal Bank Of Scotland Posts $3 Billion 3Q Loss:Government-controlled Royal Bank of Scotland Group PLC on Friday reported a net loss of 1.8 billion pounds ($3 billion) but that underlying profits had improved and lending to companies increased 5 percent.

Full recovery from its near collapse a year ago will take years, its chief executive Stephen Hester said.

For the three months ending Sept. 30, RBS reported total income of 7.1 billion pounds, compared to 8.6 billion pounds a year earlier.

However, the bank booked impairment losses of 3.3 billion pounds, up from 1.3 billion a year earlier. Impairments for the first three quarters of this year rose to 10.8 billion pounds.

Without the impairments, operating profit rose 55 percent to 1.75 billion pounds.

Hester said the results affirmed his confidence that RBS can recover as a strong company.

“The results also show the headwinds we face and the legacy we are purposefully working out of,” he said. “As I have repeatedly said, the journey will take some years.