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Wall Street Buoyed by Rallying Bank Shares

Banks led Wall Street to gains on Thursday even as Europe struggled again, a sign investors are betting a relatively strong U.S. economy will help U.S. stocks outperform other markets.

Oil Price Hovers Near $103; EU Agrees to Iran Embargo

Iran Ramps Up Gulf Tension, Global Economies on Alert
The price of oil has been rising due to mounting tensions between Iran and the United States and other western countries. On Wednesday the pressure on Iran continued to ratchet up, as European Union governments agreed on to ban imports of Iranian oil.
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Asian Shares and Euro Dip on Europe Worries

Asian shares and the euro eased Thursday as concerns about the ability of euro zone countries to refinance their huge public debt dampened investor risk appetite ahead of a French bond auction later in the day.
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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.
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.
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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.
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Asian Stocks Inch Lower; Euro Extends Drop

Asian stocks fell on Thursday, taking cues from weak U.S. and European shares, as players cut positions heading into the year end with an Italian debt auction later in the day keeping markets nervous.
Mengniu said it destroyed a batch of products at a plant in the southwestern province of Sichuan which contained aflatoxin, a substance produced by food fungus that can cause severe liver damage, including liver cancer.

Tainted Milk Destroyed, says China's Mengniu

China Mengniu Dairy Co Ltd, the nation's biggest dairy firm, said it had destroyed milk found to be contaminated with a cancer-causing substance, the latest food safety problem to hit the country's dairy industry.

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