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.
Woken up without explanation and carried to a police vehicle on a stretcher, former Ukrainian Prime Minister Yulia Tymoshenko has been moved from a Kiev prison to a remote prison colony about 300 miles east of the capital on Friday, her party said.
Out with the old year, in with the new and for investors uncertainty is likely to be the only certainty once more.
World Peace. It just wouldn't be right to start without saying that, like any good Miss America contestant, thanks so much for that trope to Sandra Bullock and her star turn in Miss Congeniality.
February gold hit a fresh six-month low of $1,523.90 per ounce overnight. Gold has been under intense pressure since it closed at $1,741.80 per ounce Dec. 7.
Turkish warplanes killed 35 civilian smugglers in northern Iraq after mistaking them for Kurdish militants, Ankara's ruling party said on Thursday, promising not to allow a cover-up of an incident that threatens to wreck relations with minority Kurds.
A team of Arab League monitors will begin its third day of observation Thursday by visiting three more Syrian cities, following the Syrian government's announcement that it had released 755 prisoners and the observers' leader saying he had seen nothing frightening during an initial trip to the violence-wracked city of Homs.
Gold prices plunged 1.7 percent Thursday on a strengthening dollar, which was rising ahead of a crucial auction of Italian bonds and fresh worries about Eurozone banks.
Italian bond yields are expected to fall from recent record highs in an auction on Thursday in a sign the European Central Bank has managed to ease market pressure, at least for now, with its big injection of longer-term funds earlier this month.
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.
The United States warned the Iranian government that the closure of the Strait of Hormuz will not be tolerated after Iran threatened to do so if sanctions were put in place.
The pipeline will carry Russian gas under the Black Sea into Europe.
Stocks fell about 1 percent on Wednesday on concerns about the economy in early 2012 while the euro hit a fresh 11-month low against the dollar before a key auction of long-dated Italian debt on Thursday.
Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay more than $553 million to settle consumer and state regulatory claims that they conspired to fix prices for LCD panels in televisions, notebook computers and monitors.
Deutsche Boerse and NYSE Euronext have extended the deadline for completion of their planned merger to March 31 next year as they seek to convince European regulators to back the $9 billion deal.
Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay $553 million to settle consumer and state regulatory claims that they conspired to fix prices for LCD panels in televisions, notebook computers and monitors.
Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay $539 million to settle claims they conspired to fix prices and stifle competition for LCD panels in televisions, notebook computers and monitors, according to a court filing.
Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right direction.
Must Watch Christmas Images, Traditions From all Round the World; What is Santa Called in Other Countries [PHOTOS]
European Central Bank Governing Council Member Ignazio Visco said in a newspaper interview on Saturday that the bank will be attentive to the economic cycle when setting monetary policy, suggesting rates could fall more if the euro zone economy worsens.
he bill moves to France's senate next year. If it passes the upper house, it will become law.
Gold extended its record bull run in 2011 for an 11th year as confidence in the world's financial leaders and their stewardship of fiat currencies plummeted.
