Feb. 7 (Bloomberg) -- China’s gold imports from Hong Kong plunged 62 percent in December from a record as retail and jewelry-maker demand declined amid a seasonal slowdown. The mainland bought 38.8 metric tons from Hong Kong, down from November’s 102.8 tons, the highest ever, Hong Kong’s Census and Statistics Department said yesterday. China doesn’t publish gold trade data.
Monday, February 6, 2012
China's Gold Imports Down 62%
Default Risk of Japan’s Bonds Falls to Five Month Low
Feb. 7 (Bloomberg) -- The cost of protecting Japanese corporate bonds from default dropped to its lowest in five months, according to traders of credit-default swaps. The Markit iTraxx Japan index declined four basis points to 151 as of 8:59 a.m. in Tokyo, Deutsche Bank AG prices show. The index is headed for its lowest close since Sept. 8, according to data provider CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers in the privately negotiated market.
Wanna Bet with Warren? Buy Coal!
Feb. 1 (Bloomberg) -- Burlington Northern Santa Fe, the railroad controlled by Warren Buffett, plans $3.9 billion in capital spending this year, an increase of 11 percent from 2011, as the company boosts capacity for coal shipments. The 2012 proposal includes $2.1 billion on the core network and $1.1 billion on locomotive, freight car and equipment acquisitions, the company said in a statement today. The Fort Worth, Texas-based railroad is also spending $300 million this year on a U.S. rail-safety mandate.
Trustee's Press Release Regarding Status of Investigation
Trustee's Press Release - Preliminary TracingHere is the Trustee's press release summarizing the results of his preliminary investigation.
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