Dec 9, 2010

GATA : THE GATA DISPATCH : NOw Royal Bank Loves Gold

Eight years after repudiating Embry, Royal Bank loves gold

Submitted by cpowell on 02:43PM ET Thursday, December 9, 2010. Section: Daily Dispatches 5:49p ET Thursday, December 9, 2010
Dear Friend of GATA and Gold:
Back in 2002 the top mutual fund manager in Canada and perhaps the world was Royal Bank's John Embry, but the 150 percent return of his gold fund that year didn't stop the bank from repudiating him publicly and then welcoming his departure after he issued a report concurring with GATA's complaints of gold price manipulation.
For a wonderful blast from the past, check out this commentary by Mathew Ingram in the June 24, 2002, edition of the Toronto Globe and Mail, which conceded that Embry himself was not a crank but intimated that he had begun consorting with cranks:
http://www.globeinvestor.com/servlet/ArticleNews/story/RTGAM/20020624/wm...
Eight years later Royal Bank's attitude toward gold has changed quite a bit, if belatedly. This week the bank's RBC Capital Markets division published a report written by its analysts Ray Hanson, Javed Mirza, and Robert Sluymer that fully shares Embry's and GATA's enthusiasm for gold's prospects and our disdain for government economic policies.
Hanson, Mirza, and Sluymer write: "Gold is destined to become the greatest 'bubble' of all time" and "the parabolic curve of its price track is still in its infancy." The RBC Capital Markets analysts recommend buying the shares of gold mining companies at all levels of capitalization.
Will their enthusiasm for gold and gold stocks earn them repudiation from their employer and maybe the boot as well? Or has even Royal Bank now figured out what's going on with the precious metals?
While we await Royal Bank's indignant response you can read the Hanson-Mirza-Sluymer report, titled "Large-Cap Golds: The New BCE/Nortel?," at GATA's Internet site here:
http://www.gata.org/files/RBCGoldReport-12-07-2010.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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MarketWatch -Special Financial Services: Stocks to watch for Friday

SPECIAL FINANCIAL SERVICES

Stocks to Watch: Stocks to watch for Friday

By Sue Chang MarketWatch

Among the companies whose shares are expected to see active trade in Friday’s session are Jackson Hewitt Tax Service Inc., National Semiconductor and Borders Group Inc.

See full story

Community Health Bids 7.3Billion For Tenet

Financial And Forex Info News

(MarketWatch) : Community Health says it's bidding $ 7.3 billion For Tenet.

Get the latest news : HERE

MarketWatch: Personal Finance Daily .-No place like home: high taxes, fewer services

Personal Finance Daily

DECEMBER 09, 2010

Thursday's Personal Finance stories

By MarketWatch

Don't miss these top stories:

Compiling a list of the "best places to live" is inherently problematic. Similar to the problem of simple retirement-savings calculators that aim to tell you how much you need to save, no list of 10 "best places" nationwide is likely to accurately get at your own particular situation, let alone your unique needs and desires, fears and worries.

Then again, maybe it's easier to point to places that people won't like, the "worst of" rather than the "best of." After all, who would choose to live in a state that's undergoing a fiscal emergency? Or one that has average winter temperatures in the low 20s? Read Robert Powell's column today for a list of the 10 worst states for retirees.

OK ... maybe the "worst of" lists don't accurately get at our unique situations, either. I'm fairly certain my husband and I will retire in California, despite the high cost of living here and the current budget mess (of course, by the time we retire, the state may well have weathered a slew of fiscal emergencies and be sitting pretty).

But, even if "top 10" lists often don't reflect our own situation, few of us can resist reading them, if only to see where our hometown comes in the rankings. For more on why we feel that compulsion, read Amy Hoak's recent column about "best of" lists.

Plus, don't miss Kristen Gerencher's look at six books on health care that may make great gifts this holiday season, and get all the latest real-estate news, including the news on mortgage rates today.

—Andrea Coombes , Personal Finance editor

The 10 worst states for retirees

Plenty of folks are aware of the best states for retirees. But what are the 10 worst states in which to spend your golden years?
Read more: The 10 worst states for retirees.

HEALTH CARE

Six health-related books worth a read

Despite ongoing public battles over the health-care overhaul signed into law earlier this year, health care remains a deeply personal matter.
Read more: Six health-related books worth a read.

Doctors' Medicare payment rates preserved until 2012

Seniors, people with disabilities and military families can breathe a sigh of relief now that their relationships with their doctors won't be interrupted by payment instability next year.
Read more: Doctors' Medicare payment rates preserved until 2012.

TAXES

House Democrats block vote on tax deal

House Democrats voted Thursday to block a deal struck by President Barack Obama and congressional Republicans on extending Bush-era tax breaks from coming to the floor until changes are made to the compromise.
Read more: House Democrats block vote on tax deal.

Commentary: House Democrats acting like angry drunks at bar

We know one thing about the House Democrats' refusal to bring up the compromise between President Barack Obama and congressional Republicans on taxes: It's not about deficits.
Read more: House Democrats acting like angry drunks at bar.

REAL ESTATE

Mortgage rates jump to six-month highs

Mortgage rates climbed this week with the average rate on the 30-year fixed-rate mortgage at its highest since the end of June, according to Freddie Mac's weekly survey of conforming mortgages, released on Thursday.
Read more: Mortgage rates jump to six-month highs.

Commentary: Mortgage rates are up so the sky must be falling

One thing low mortgage rates are sure to cause: a panic when they start to turn higher. There's nothing worse than missing a good deal, but when that deal entails saving every month over 30 years it's a rip-your-hair-out affair when it passes you by.
Read more: Mortgage rates are up so the sky must be falling.

U.S. homes to lose $1.7 trillion in value in 2010

Homes in the U.S. will have lost $1.7 trillion in value in 2010 by the time the year is through, according to estimates released Thursday by Zillow.com, an online real-estate marketplace.
Read more: U.S. homes to lose $1.7 trillion in value in 2010

INVESTING

Dividend payers fall short after tax deal

The steadiest dividend-paying stocks have failed to get much of a boost from a deal to keep tax rates low, according to a MarketWatch analysis, though investors are still clamoring for shares of any expected to hike payouts soon.
Read more: Dividend payers fall short after tax deal.

Is a stock-buying panic possible?

A top timer expects stock strength into the spring, maybe even a "buying panic" — although it vows to stay on its toes.
Read more: Is a stock-buying panic possible?

CHARITABLE GIVING

How to donate like a pro

Investors demand a good return from their assets. Now donors are increasingly seeking the same for their charitable dollars.
Read more: How to donate like a pro.

Facebook CEO to give fortune to charity

Facebook Inc.'s 26-year-old Chief Executive Mark Zuckerberg has joined a second group of donors committed to giving the majority of their wealth to charity, by signing on to a project launched by famed investor Warren Buffett and Microsoft Corp. co-founder Bill Gates.
Read more: Facebook CEO to give fortune to charity.

ECONOMY & POLITICS

U.S. households reduce their debts again

U.S. households reduced their debt for the 10th straight quarter, and businesses continued to hoard record amounts of cash, underscoring a lack of demand holding back the U.S. economy, according to new data from the Federal Reserve.
Read more: U.S. households reduce their debts again.

U.S. jobless claims fall 17,000 to 421,000

The number of U.S. workers who filed new applications for unemployment benefits fell by 17,000 last week to 421,000, the Labor Department reported Thursday, resuming a recent downward trend.
Read more: U.S. jobless claims fall 17,000 to 421,000.

TECHNOLOGY

Commentary: Apple and Costco: match made in hell

After Costco Wholesale Corp.'s earnings, news came out that the discount retailer will be phasing out its sale of Apple Inc.'s iPods and pre-paid iTunes cards, by mutual agreement of both companies.
Read more: Apple and Costco: match made in hell

CNBC Evening Brief: Morgan Stanley Sued Over Mortgage-Backed Securities.

LATEST STORIES
	Housing Investors Could Get Aid From US, Fannie Mae Morgan Stanley Sued Over Mortgage-Backed Securities Cramer: Sell Bonds, Switch Into These Dividend Payers Filing for Bankruptcy in Retirement—A Good Thing? Top 11 Holiday Retail Picks From 'Mad Money'

»click here to see the latest top stories from CNBC.com

Maria Bartiromo’s Investor Brief Newsletter

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Meet the movers and shakers of the investing and political worlds, get investing tips from the best in the business, plus receive Maria's exclusive "look at the week ahead" video.
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NYT: Afternoon Business News.-Bond Yields Fall After Solid Demand at Auction.

Day Trading Still Alive, Outsourced to China

By DAVID BARBOZA

Trading firms based in the United States and Canada are recruiting inexpensive workers in China and teaching them to engage in speculative trading.

High & Low Finance

Truth and Consequences on Public Pensions

By FLOYD NORRIS

Pensions for workers could soon come under the kind of scrutiny that led to the demise of private pensions.

Bond Yields Fall After Solid Demand at Auction

By CHRISTINE HAUSER

An auction of $13 billion of 30-year bonds by the Treasury attracted more than $35 billion in bids.

European Banks Healthier but Still at Risk, E.C.B. Warns

By JACK EWING

In its twice-yearly assessment, the European Central Bank said banks remained vulnerable to the effects of the sovereign debt crisis or economic slowdown.

DealBook

Ex-White House Budget Director Joins Citigroup

By ERIC DASH and THOMAS KAPLAN

Peter R. Orszag will hold the title of vice chairman and will be the youngest member of Citi's Senior Strategic Advisory group.

• More Business News »

Stocks Scratch Out Gains Amid Another Lackluster Session - U.S. Commentary | RTTNews : Evening Market Wrap

Evening Market Wrap

Thu Dec 9 2010

Commentary

Dec 9, 2010 Stocks Scratch Out Gains Amid Another Lackluster Session - U.S. Commentary Stocks were able to crawl to a mostly higher close on Thursday, as the markets largely absorbed the day's upbeat news on weekly jobless claims with a grain of salt. Traders instead seemed to be awaiting news showing more substantive improvements in the U.S. economy. Full Article

Economic News

Dec 9, 2010 Wholesale Inventories Rise 1.9% Amid Jump In Non-Durable Inventories With inventories of non-durable goods showing another substantial increase, the Commerce Department released a report on Thursday showing that wholesale inventories increased by much more than expected in the month of October. The report showed that wholesale inventories increased by 1.9 percent in October following an upwardly revised 2.1 percent increase in September. Wholesale inventories had been expected to increase by 0.7 percent. Full Article

Dec 9, 2010 U.S. Weekly Jobless Claims Show Bigger Than Expected Drop First-time claims for unemployment benefits in the U.S. fell by more than anticipated in the week ended December 4th, according to a report released by the Labor Department on Thursday, although jobless claims remain above the two-year low set in late November. The report showed that initial jobless claims fell to 421,000 from the previous week's revised figure of 438,000. Economists had expected jobless claims to slip to 429,000 from the 436,000 originally reported for the previous week. Full Article

Corporate News

Dec 9, 2010 Dell In Talks To Acquire Compellent Technologies For About $850 MlnPersonal computer maker Dell, Inc. (DELL) announced Thursday that its is in advanced talks to acquire all of the outstanding shares of data storage solutions provider Compellent Technologies, Inc. (CML) for $27.50 per share or about $850 million. The two companies have entered into an exclusive agreement to negotiate a merger agreement. Full Article

Dec 9, 2010 Chevron Budgets $26 Bln For 2011 Capital, Exploratory SpendingIntegrated oil company Chevron Corp. (CVX) Thursday said it will spend $26.0 billion next year for its capital projects and exploratory program. The company will utilize about 85% of the fund for its upstream oil and gas exploration and production projects worldwide while another 10% will be used for its downstream businesses. Full Article

Dec 9, 2010 DuPont Backs Earnings OutlookChemicals giant DuPont (DD) on Thursday reiterated its earnings outlook for fiscal year 2010 and indicated that sales growth for the year will be about 20%, double the 10% target set by the company one year ago. For fiscal year 2011, the company projects earnings per share and sales in line with analysts' expectations. Full Article

Political News

Dec 9, 2010 Most Americans Think The Nation Is On The Wrong TrackAbout two-thirds of Americans feel the nation is headed in the wrong direction, according to a Bloomberg National Poll. Respondents were asked if they thought "things in the nation are headed in the right direction, or have they gotten off on the wrong track." The data showed that 66 percent answered "wrong track" compared to 27 percent that said "right direction." Full Article

Dec 9, 2010 House Democrats Reject Obama's Tax Cut AgreementIn a blow to President Barack Obama's tax cut agreement with Republican leaders, House Democrats voted Thursday not to bring the tax package to the floor in its current form. While Democrats favor extending the Bush tax cuts for the middle class, many oppose an extension of the tax cuts for those making more than $250,000 a year. A number of Democrats have also expressed concerns about the estate tax component of the agreement. Full Article

Dec 9, 2010 Obama Emphasizes Increased Exports For Economic GrowthPresident Barack Obama Thursday renewed his call for an increased emphasis on exports to support the American economy. Obama, speaking at a meeting of the Presidential Export Council, said that increasing sales of American goods overseas was one way of putting the economy on a more solid foundation for strong, long-term growth. "The world wants products made in America. We've got workers ready to make them," Obama said. Full Article

Dec 9, 2010 Senate Republicans Block Repeal Of "Don't Ask, Don't Tell"In a move that could mark the death kneel for efforts to repeal the military's "Don't Ask, Don't Tell" policy, Senate Republicans voted Thursday to block a defense authorization bill including the repeal of the policy that prevents gays and lesbians from serving openly in the U.S. armed forces. The Senate voted 57 to 40 in favor of the bill, but that still fell short of the 60 votes needed to end a Republican filibuster and move forward on the bill. Full Article

Recovery hopes supported by jobless claims fall | Financial & Forex Info News | Reuters - Daily Investor Update

Financial & Forex Info News

FROM: Reuters - Daily Investor Update

S&P, Nasdaq end up; S&P above 1,228

Recovery hopes supported by jobless claims fall

Citi names Orszag global banking vice chairman

October wholesale inventories and sales up strongly

Ford invests in Kentucky plant; sign of recovery

Chevron hikes spending 20 percent in search of growth

Forex swaps with ECB total $60 million: New York Fed

Howard Stern in 5-year deal with Sirius XM

MasterCard buys Travelex prepaid unit for $459 million

Foreign central banks' U.S. debt holdings fall: Fed

Ex-Parmalat CEO jailed for 18 years. | F & F I N | The Australian Business Briefing

FINANCIAL & FOREX INFO NEWS

Ex-Parmalat CEO jailed for 18 years
	UPDATED Liam Moloney and Salvatore Pizzo AN ITALIAN court has convicted Calisto Tanzi, the former owner of Parmalat Finanziaria, for the fraudulent bankruptcy of the dairy giant.

Wall St mixed as bond yields in focus
	Donna Kardos Yesalavich US stocks closed mixed today, as data providing conflicted readings on the US economy failed to send the market in a clear direction.

Fervent Fed critic wins watchdog role
	Danny Yadron A TEXAN libertarian, who has demanded the dismantling of the Fed, will head a House panel watching over the central bank.

Power play in final stage
	Matt Chambers BIDDERS in the NSW power privatisation go into a final "black box" data room today.

Fitch downgrades Ireland three notches
	Art Patnaude FITCH Ratings has handed Ireland a three-notch credit rating downgrade, just days before parliament votes on the financial rescue package.

China web firms in stellar US debuts
	Alexandra Frean SHARES in two Chinese internet companies, considered the Amazon and YouTube of the East, have made spectacular debuts on US stock exchanges.

Departing Falloon backs Ten strategy
	James Chessell OUTGOING Ten Network Holdings executive chairman Nick Falloon has stood by the broadcaster's growth strategy.

Reject Shop blames downturn on RBA
	Blair Speedy DISCOUNT retail chain The Reject Shop has blamed the Reserve Bank's November interest rate rise for a sales downturn.


Financial Markets

Wall St mixed as bond yields in focus
	Donna Kardos Yesalavich US stocks closed mixed today, as data providing conflicted readings on the US economy failed to send the market in a clear direction.

Fitch downgrades Ireland three notches
Gold ends two-day losing streak


Financial Markets Coverage


Mining & Energy

Gold ends two-day losing streak
	Tatyana Shumsky GOLD snapped a two-day losing streak to settle higher today on inflation concerns and weaker Treasury yields.

Caltex expecting better times
Rio to dominate Mongolian copper mine


More Mining & Energy Coverage

The latest WikiLeaks cables have been released and there is more embarrassment for Foreign Minister, Kevin Rudd. | Financial & Forex Info News | The Australian Capital Circle

FINANCIAL & FOREX INFO NEWS

Organising folk dancing festivals

The latest WikiLeaks cables have been released and there is more embarrassment for Foreign Minister, Kevin Rudd.

First off: In the cables, Mr Rudd derides the contribution of France and Germany to the fight against the Taliban as ''organising folk-dancing festivals'' and confides that the outlook in Afghanistan ''scares the hell out of me''. Another of the cables sent to Washington in November last year by the US embassy in Canberra records the Australian special representative on Afghanistan and Pakistan, Ric Smith - a former secretary of the Defence Department - delivering a bleak assessment of the international community's Afghan strategy. ''Smith had just returned from a visit to Oruzgan and described the mission in Afghanistan and Afghan government presence as a 'wobbly three-legged stool','' the cable says. (more from Philip Dorling and Nick McKenzie)
Tough talk: THE Gillard government has hardened its position on the WikiLeaks expose, saying it is illegal in Australia to obtain - or distribute - classified documents. (more from Brendan Nicholson)
Pay dispute: Staff in the department of Prime Minister and Cabinet have already rejected their latest pay offer once. Voting in PM&C about the latest pay offer from management to staff ended last night at 5pm. With the CPSU now backing the pay offer from PM&C boss Terry Moran's deputies, the agreement should be signed, sealed and delivered - right?
Breaking: Brad Norrington writes from Cancun, Mexico: "Climate Change Minister Greg Combet has thrown Australia's support behind a legally binding carbon emissions targets under a single treaty as the best way to tackle the environmental damage caused by greenhouse gases. But Mr Combet said today the Gillard government was also willing to be flexible on the question in seeking a "comprehensive legal outcome". The Minister's comments ... indicate an acceptance of the political reality that individual voluntary agreements from countries on reducing carbon pollution could be the best negotiators can achieve.
The spirit of Hawke and Keating: Minister Craig Emerson i

The Washington Post fternoon Edition: Today's Most Read Articles: WikiLeaks avoids shutdown as supporters worldwide go on the offensive

1) WikiLeaks avoids shutdown as supporters worldwide go on the offensive

Over the past several days, the anti-secrecy Web site WikiLeaks has been hit with a series of blows that have seemed to threaten its survival. Its primary Web address was deactivated, its PayPal account was frozen, and its Internet server gave it the boot.

2) The Democrats' short-lived rebellion

New York Democrat Anthony Weiner, leaving a meeting between House Democrats and Vice President Biden Wednesday evening, likened the session to a prison brawl.

3) Redskins' Mike Shanahan explains Albert Haynesworth suspension, praises Daniel Snyder's support

Coach Mike Shanahan says he had owner Daniel M. Snyder's complete support in suspending Albert Haynesworth for the final four games of the season.

4) House Democrats vote to block debate on tax cuts deal

Senate leaders are laying plans to begin debate as soon as Thursday on a far-reaching tax package as rank-and-file Democrats warm to an agreement between the White House and Republicans to extend a host of expiring tax cuts and pump fresh cash into the economy.

5) Why Mike Pence catches conservatives' eyes

Why many Tea Partyers and social conservatives are urging him to run.

6) Obama takes his case to the independent center

The president was right to define himself as a moderate.

7) In Mexico, a legal breakdown invites brutal justice

IN ASCENCION, MEXICO -- In this dusty farm town, an hour south of the U.S. border, more than 40 people were abducted - one a week - in the first nine months of the year.

8) Immigration measure passes House faces stiff headwind in Senate

The Senate voted Thursday morning to put off a decision on a measure that would provide a path to citizenship for illegal immigrants brought into this country as children.

9) UN invites Ivory Coast's defiant Gbagbo to talk

ABIDJAN, Ivory Coast -- The top U.N. official in Ivory Coast said Thursday he is willing to talk to Laurent Gbagbo, who is refusing to relinquish power after a disputed election. The African Union suspended the country's membership in the latest sign of growing pressure.

10) Casting liberal allies aside will hurt Obama in the long run

If Obama can't count on their support, whom can he turn to?

Financial & Forex Info News | Economic and Statistics AdministrationWholesale Inventories & Sales Increases from Last Month and Prior year

FINANCIAL & FOREX INFO NEWS

Wholesale inventories in October 2010 were $427.1 billion, up 1.9 percent from the prior month and an increase of 9.9 percent from the prior year. Sales in October 2010 were $362.1 billion, up 2.2 percent from September and an increase of 13.4 percent from October 2009.

China News - China Real Time Report- WSJ : Bringing Balance To Cross-Border Yuan Settlement.

previousAlibaba Passes Google in China Online Ads

CHINA REAL TIME REPORT MAIL
from the Wall Street Journal Online.

December 9, 2010 -- 7:00 p.m. GMT+08:00

___________________________________

Bringing Balance To Cross-Border Yuan Settlement

The yuan has been gushing offshore in recent months as trade settlement using the currency has taken off, but the net outflow may be poised to start moderating.

http://blogs.wsj.com/chinarealtime/2010/12/09/bringing-balance-to-cross-border-yuan-settlement/?mod=djemChinaRTR_t

* * *

Alibaba Passes Google in China Online Ads

Google slides further in China as Alibaba rides its online shopping unit to number two in online advertising market share.

http://blogs.wsj.com/chinarealtime/2010/12/09/alibaba-passes-google-in-china-online-ads/?mod=djemChinaRTR_t

* * *

Dangdang: China's New E-Commerce Play

Investors hoping to get an early entry to the Chinese e-commerce market can look to E-Commerce China Dangdang, whose shares began trading with a bang on the New York Stock Exchange Wednesday.

http://blogs.wsj.com/chinarealtime/2010/12/08/investors-get-new-china-e-commerce-play/?mod=djemChinaRTR_t

* * *

China Gets Its Own Peace Prize

Ahead of Friday's ceremony for jailed Chinese dissident Liu Xiaobo's Nobel Peace Prize, a Chinese NGO has announced the winner of the Confucius Prize: "the Peace Prize reconstructed according to Oriental thought."

http://blogs.wsj.com/chinarealtime/2010/12/08/china-gets-its-own-peace-prize/?mod=djemChinaRTR_t

* * *

IPad-Smuggling Housewives Detained

A new chapter opens in China's obsession with the iPad as Customs officials discover groups of women smuggling the devices across the border from Hong Kong.

http://blogs.wsj.com/chinarealtime/2010/12/08/china-detains-ipad-smuggling-housewives/?mod=djemChinaRTR_t

Latest WSJ Stories from China
_________________________

Nobel Prize Triggers Global Showdown

A ceremony Friday to mark the award of the Nobel Peace Prize to Liu Xiaobo, a jailed Chinese dissident, is turning into a global showdown.

http://online.wsj.com/article/SB10001424052748704447604576007301198796060.html?mod=djemChinaRTR_t

* * *

Chinese Delegation Meets Kim Jong Il

North Korean dictator Kim Jong Il met a delegation of high-level Chinese officials, but neither country indicated a change of position over the North's recent attack and China's neutrality about it. - Mullen Urges South Korean Restraint - Timeline: A History of Korean Tensions

http://online.wsj.com/article/SB10001424052748704720804576008833112374422.html?mod=djemChinaRTR_t

* * *

Official: China May Not Sustain Grain Self-Sufficiency

China may not be able to sustain its growth trend in grain production, threatening its vaunted policy of self-sufficiency in grains, a senior cabinet official said Thursday.

http://online.wsj.com/article/SB10001424052748703766704576008932547208532.html?mod=djemChinaRTR_t

* * *

Morgan Stanley CICC Sale Gets Approvals

The consortium of investors buying Morgan Stanley's 34.3% stake in China International Capital Corp. have gotten all necessary approvals. The buyers are KKR, TPG Capital, Great Eastern Holdings, and Singapore's GIC.

http://online.wsj.com/article/SB10001424052748703493504576007222590837238.html?mod=djemChinaRTR_t

* * *

Two Chinese Companies Jump in Debut

Two Internet-based Chinese companies swept the U.S. IPO market, with Youku.com Inc. turning in the best performance since 2005 and E-Commerce China Dangdang Inc. ranking as the third best in 2010.

http://online.wsj.com/article/SB10001424052748703493504576007323031403918.html?mod=djemChinaRTR_t

* * *

Hong Kong's Top Regulator to Exit

The chief of Hong Kong's securities regulator said he will be leaving his post in six months and returning to the U.K. in a decision that was "entirely a personal one." - Exchange: Was It His Choice? - Exchange: Highlights of the Wheatley Era

http://online.wsj.com/article/SB10001424052748703493504576006850708861320.html?mod=djemChinaRTR_t

___________________________________

VIDEO CENTER

Leaked U.S. diplomatic cables have shed rare light on the personalities and politics of Xi Jinping and Li Keqiang, the two men expected to take over as China's President and Premier, respectively, in 2013. Jeremy Page discusses.

http://online.wsj.com/video/news-hub-who-are-china-top-leaders-in-waiting/F37BF216-90DA-4262-9307-B263582BB476.html?mod=djemChinaRTR_t