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Financial and energy stocks helped push the Toronto stock market slightly higher Monday.
The rise followed a three-session losing streak brought on by Chinese moves to slow bank lending, proposals to curb risk-taking by U.S. banks and doubt over whether U.S. Federal Reserve chairman Ben Bernanke would be appointed to another term.
The S&P/TSX composite index rose […]

U.K. retail sales rose less than economics forecast in December as price increases squeezed spending during the holiday season, casting doubt on the strength of a domestic recovery.
The volume of sales rose 0.3 percent from November after dropping by the same margin the previous month, the Office for National Statistics said today in […]

EVERETT, Wash.–Boeing’s new 787 jetliner finally got airborne Tuesday, the long-delayed inaugural flight of the world’s first commercial plane constructed with half its components made from lightweight composite materials.
The sleek jet, nicknamed the Dreamliner, lifted off from Everett’s Paine Field on a flight over Washington state, beginning an extensive testing program needed to […]

The state of Kentucky has begun accepting applications for an emergency extension of unemployment benefits.
President Obama signed the benefits extension into law on Nov. 6. It can provide as much as 14 additional weeks of federally funded benefits to unemployed Kentuckians who have exhausted their 26 weeks of state benefits and all other federally funded […]

General Motors Co posted a 2.2 percent drop in U.S. sales in November from a year earlier, weighed down by brands it plans to divest or close, and said it would raise production in North America by about 75 percent in the first quarter.
Sales totaled 151,427 vehicles in November, down from 154,877 a year […]

South Korea’s exports rose for the first time in 13 months in November.
Overseasshipments gained 18.8 percent from a year earlier to $34.3 billion, the Ministry of Knowledge Economy said today in Gwacheon. The median estimate of 12 economists surveyed by Bloomberg News was for a 22.8 percent increase. Imports rose 4.7 percent to […]

Malaysia’s economy shrank the least in three quarters as government stimulus boosted consumption and the global recession eased, strengthening an Asian recovery.
Gross domestic product contracted 1.2 percent in the third quarter from a year earlier, after declining 3.9 percent in the previous three months, the central bank said in Kuala Lumpur yesterday. That […]

Central banks should not respond to wild swings in food and energy prices with monetary policy unless expectations of inflation become unhinged, a senior U.S. Federal Reserve official said on Thursday.
Large commodity price moves can have a detrimental impact on emerging economies, but it is “generally a mistake” to use monetary policy as a […]

U.S. producer prices rose more slowly than expected in October despite a rebound in food and energy costs, according to a government report on Tuesday that pointed to tame inflation pressures.
The Labor Department said the seasonally adjusted index for prices paid at the farm and factory gate rose 0.3 percent following a 0.6 percent […]

Creditors of bankrupt Freedom Communications Holdings Inc have launched a fight against an “immoral and wicked” reorganization plan that would turn over the Orange County Register owner to JPMorgan Chase & Co and other banks.
A court-appointed committee of creditors asked the judge overseeing the bankruptcy to direct Freedom, which owns 30 daily papers and […]