2012/07/07

Following the money

Interest-rate cuts of Central banks did not support Asian markets on Friday. The MSCI Asia Pacific Index fell 0.36 percent. Japan's Nikkei 225 index dropped 0.9 percent to 9,020 and Hong Kong Hang Seng slipped 0.04%.

ICE September arabica coffee futures prices settled down 2.2 percent at $1.7645 a lb.

Hong Kong customs seizes biggest-ever cocaine - 649 kilograms and worth $98 million- shipped from south America. John Lee, Customers Drug Investigation Bureau head, announced it and he believed the cocaine was to be sent to countries in south-east Asia. Hong Kong is crossroad of everything.

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