IBT Staff Reporter

Barclays Capital started coverage of several Canadian exploration and production companies, including PetroBakken Energy (PBN.TO: Quote), with a positive stance, saying the industry is well-positioned with low-risk growth and attractive dividend yields.

Canada's annual inflation rate moderated in October from a near three-year high in September but was still higher than expected, scaling back market bets for a central bank interest rate cut.

The Bank of Canada expects the economy to grow next year at its weakest pace since 2009, driven by domestic demand, while exports continue to underperform.

The Rhode Island legislature passed a pension overhaul bill that will raise the retirement age for most public workers, suspend cost-of-living adjustments and combine guaranteed pensions with 401(k)-style accounts. Proponents say the overhaul is necessary to save the state's foundering pension system, but public workers' unions cried foul.

LONDON - In some cultures, the number 7 is mystical and magical; in the euro zone, it's a Mayday call.

Fear over European banks' exposure to risky government debt stalked markets and harried bank executives on Friday, as unsecured lending between banks evaporated and the cost of secured loans rose.

A U.S. law aimed at curbing tax evasion by citizens using foreign accounts could cost large multinational banks as much as $100 million apiece to implement in one-off systems costs, a top asset manager and a tax lawyer told a conference on Friday.

Shell Oil Company has set a world record in drilling and completing a subsea well 9,627 feet below sea level at its Perdido Development in the Tobago Field 200 miles southwest of Houston.

Mitt Romney's presidential campaign says it was a standard practice for departing staffers in the Massachusetts governor's office to buy their state-issued hard drives and wipe e-mails from the office server. But officials from three previous gubernatorial administrations say that wasn't standard at all.

Financial exchanges Deutsche Boerse AG and NYSE Euronext are offering to sell some businesses and give rivals access to a major derivatives clearing house to win support from antitrust regulators for their $9 billion merger.

Wall Street stocks rose in early trading on Friday after Europe's debt crisis drove heavy market losses this week, with the S&P 500 falling through important technical levels and facing another key test of strength.

Wall Street stocks were set to bounce back on Friday after Europe's debt crisis drove heavy market losses this week, with the S&P 500 falling through important technical levels and possibly facing another key test of strength.

Manchester United have been dealt a blow after it emerged that the injury to Tom Cleverley was worse than expected, leaving him out till after Christmas.

Stock index futures rose on Friday after Europe's debt crisis drove heavy market losses this week, with the S&P 500 falling through important technical levels and possibly facing another key test of the strength.

Exchanges Deutsche Boerse AG and NYSE Euronext will sell some businesses and give rivals access to a major derivatives clearing house in concessions aimed at winning support from antitrust regulators for their $9 billion merger.

Arsenal are unlikely to sign Brek Shea permanently, according to the FC Dallas star, despite the player agreeing to train with Arsene Wenger's side and prove his worth.

Mayor Michael Bloomberg's decision to evict Occupy Wall Street protesters from Zuccotti Park Tuesday has forced the movement to re-evaluate its strategies. IBTimes spoke to Fordham University Sociology Professor Heather Gautney about how the movement has successfully regrouped and where it's headed.

It was a telling moment at the height of the Occupy Wall Street protests.

European Central Bank chief Mario Draghi told euro zone governments Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to an escalating debt crisis.

Chelsea star Didier Drogba could be tempted into an unprecedented move to Russia with reports suggesting Anzhi Makhachkala has offered him £10 million-a-year in wages.

Italy's new government has announced far-reaching reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher, and brought tens of thousands of Greeks onto the streets of Athens.

A unit from the Tokyo Metropolitan Police Department's organized crime division has joined an investigation into an accounting scam at Japan's disgraced Olympus Corp, a source familiar with the matter said on Friday, in a sign that the scandal could widen.

Stock index futures pointed to a slightly higher open for equities on Wall Street Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.2 to 0.3 percent.

Stock index futures pointed to a slightly higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.2 to 0.3 percent.

The European Central Bank could soon bow to pressure to print money to prevent a further escalation of the euro zone's debt crisis, with respondents in a Reuters poll giving an even probability the ECB would adopt a policy of quantitative easing.

World stocks fell on Friday, extending an overnight slide, with renewed pressure on Spanish bonds reflecting fears the euro zone's debt crisis was spiraling out of control.

Shares in Swiss bank UBS rose on Friday as investors welcomed its pledge to start paying dividends again, though its plans to trim its scandal-hit investment bank failed to go as far as some had hoped.

Japan's big manufacturers led by Panasonic Corp and Nissan Motor Co Ltd are speeding up their shift overseas, in a sign corporate Japan sees the strong yen as a long-term handicap rather than a temporary blip.

A corporate governance advocacy group whose members include institutional investors that collectively manage assets of more than $10 trillion urged Tokyo's stock exchange on Friday not to delist disgraced Olympus Corp .