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Asian Stocks Edge up but Face Loss for Year

Asian stocks nudged higher and the euro clung to overnight gains 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.
Long March CZ-2F rocket

China Plans to Land a Man on the Moon

A government-issued decree is the first published announcement that China intends to land an astronaut on the moon, a place where no one has stood in almost 40 years.
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New Satellites to Extend China's Military Reach

China this week reached a milestone in its drive to master the military use of space with the launch of trials for its Beidou satellite global positioning network, a move that will bring it one step closer to matching U.S. space capabilities.
A yuan banknote is displayed next to a U.S. dollar banknote for the photographer at a money changer inside the Taoyuan International Airport, Taiwan

China speeds up QFII approvals amid signs of capital outflow

China has since October granted nearly $1 billion in quotas for foreign institutions to invest in the country's capital markets following a five-month hiatus, reflecting Beijing's desire to encourage inbound investment amid signs of a capital outflow.
The Athabasca river runs through the city of Fort McMurray.

Oil sands OK starts option clock for Athabasca

Athabasca Oil Sands Corp has won regulatory approval for its MacKay River oil sands project, opening a one-month window that could result in its state-owned Chinese partner taking full control of the development.
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Greece, Portugal, Ireland Fared Worse in 2011: World Economy Report Card

The world entered 2011 with cautious optimism that things would improve over the gloom of 2009 and 2010. However, the past year has proven to be quite turbulent. The global economy was faced with a myriad of challenges including the European debt crisis, while the overall economic performance in the industrialized world left much to be desired.
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Giant Vale ship gets China port OK

Brazil mining company Vale has docked one of its giant iron ore vessels in China for the first time, ending a year-long impasse with Chinese authorities that threatened to hobble the company's plan to cut shipping costs to its biggest market.
Google CEO Schmidt

Oh No They Didn't! Top 10 CEO Snafus of 2011

They can make in a month what the average worker earns in a lifetime. Many go about in private jets, employ multiple secretaries and glad-hand dignitaries and world leaders. Perched at the top of major corporations around the world, the chief executive officer blazes trails, inspires awe and commands attention. But under such immense scrutiny, when the CEO slips, the rest of the world takes notice.
LG Nitro HD

LG Display plant in eastern China hit by strike

Workers at an LG Display factory in eastern China have gone on strike, halting some production, the company said on Wednesday, in the latest action by China's increasingly assertive workforce.
Boddington Gold Mine

Gold Slips, May Fall Below $1,570

Gold fell on Wednesday, tracking industrial metals and equities lower, as concerns about global economic growth and Iran's threat to stop the flow of oil kept investors on the sidelines.

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