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TSX hits highest level in two months

TSX ends volatile year with a rally

Toronto's main stock index closed higher on Friday, the last trading day of the year, as financial and resource shares rallied on signs the U.S. economy was recovering, but the jump was not enough to avert the market's first year-on-year decline since 2008.
Man deported from Canada admits crimes: China

Man deported from Canada admits crimes: China

China's most wanted man, who was deported from Canada in July after a decades-long legal battle, has admitted to his crimes and will now be handed over to prosecutors, state media reported on Friday.
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California law turns up heat on labor conditions

A new California law will force retailers and manufacturers to disclose from 2012 how they guard against slavery and human trafficking throughout their supply chains, ratcheting up scrutiny over some of the largest U.S. corporations.
Cracks Start to Show in the Asian Economic Miracle

Chinese Oil Company CNOOC to Launch a Research Fund after Oil Spill

China National Offshore Oil Corp. announced that it intends to set up an environmental protection fund of its own, months after ConocoPhillips said in September it intended to compensate local Chinese communities and pay for environmental damage following a spill at one of the company's offshore rigs in Northern China.
US Aircraft Carrier near Strait of Hormuz

Strait of Hormuz, Iran Threat Looms Large Into 2012 for U.S., World

As America begins to put its military pieces back together again after the end to a nine-year campaign in Iraq amid threats from Iran that it may close the Strait of Hormuz, the most vital corridor for oil-tanker traffic in the world, the reality is that another conflict may be looming in the Middle East.
Europe's Markets

Europe's Markets Inch Higher Friday at Mid-Day

European shares were poised to register their biggest annual drop since 2008 on Friday after a year marred by the Eurozone debt crisis that has threatened to drag down the global economy.
Asia's Markets

Nikkei, Asia Markets Close Higher Friday, Japan Down 17% for 2011

Japan's leading share average ended higher on Friday but marked a 17 percent loss for 2011, a tumultuous year in which massive natural disasters triggered a nuclear crisis and Europe's debt turmoil drained volumes, leaving investors uncertain of a turnaround next year.
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China's factories falter, pro-growth policies eyed

China's factory activity shrank again December as demand at home and abroad slackened, a purchasing managers' survey showed on Friday, reinforcing the case for pro-growth policies to underpin the world's second-largest economy.
Gold bricks

Gold Prices Rebound on Bargain Hunting

Gold prices began the final trading day of 2011 higher as bargain hunters took advantage of a recent downdraft that has left the metal with its first fourth-quarter loss in more than three years.
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Asian stocks edge up but poised for 2011 loss

Asian stocks nudged higher and the euro clung to overnight gains on Friday, the last trading day of 2011, as positive data from the United States helped allay concerns on the global economy, while year-end short covering lifted crude prices.

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