ECONOMY & MARKETS

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Mukesh Ambani

Reliance Industries Invests in TV18 Group

Reliance Industries said it would invest in media group TV18's two main companies, marking a major foray into the media sector by the energy-focused conglomerate and giving a boost to its plans to launch 4G services.
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.
H5N1 bird flu is extremely deadly in people who are directly exposed to it from infected birds. Since the virus was first detected in 1997, about 600 people have contracted it and more than half of them have died.

WHO Deeply Concerned by Mutated Bird Flu Research

The World Health Organization issued a stern warning on Friday to scientists who have engineered a highly pathogenic form of the deadly H5N1 bird flu virus, saying their work carries significant risks and must be tightly controlled.
Actress Sandra Bullock arrives at the 41st Annual NAACP Image Awards at the Shrine auditorium in Los Angeles

Predictions 2012: A Modest Proposal

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.
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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.
Loonie flat but outperforms majors in thin trade

Loonie flat but outperforms majors in thin trade

The Canadian dollar was little changed against the U.S. dollar on Thursday morning but that meant it outperformed other major currencies as the greenback consolidated the sharp safe-haven gains it made in thin year-end trade in the previous session.
U.S. Housing Sector

Big Investors Betting We've Hit Bottom on Housing: WSJ

A Wall Street Journal article making the rounds this morning notes some big investors have turned bullish on the housing market in the past quarter. Among the big names mentioned are hedge funds run by SAC Capital Advisors LP, Blackstone Group LP and Goldman Sachs Group.
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Weekly Jobless Claims Rise, But Long-Term Downtrend Intact

The number of people seeking state unemployment benefits increased for the first time in four weeks, but with the figures dropping for three consecutive weeks prior to the most recent reading, this could be a sign that the U.S. job market is turning a corner.
Rupee

SEBI Bans 7 Companies from Fund Raising for IPO Violation

The Securities and Exchange Board of India has banned seven companies, which recently raised funds in initial public offers, from further accessing the securities market and has also banned some merchant banks involved in these issues after investigations.

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