TSX ends higher as oil rises above $60 a barrel, New York makes small gains – Toronto Star + MORE May 22nd

CTV NewsTSX ends higher as oil rises above $60 a barrel, New York makes small gainsToronto StarThe Toronto stock market ended higher on Thursday as oil prices bounded above the $60 (U.S.)-per-barrel mark. The S&P/TSX composite index was 130.78 points higher at 15,203.61, driven by the energy sector, while the loonie was down 0.04 of a U.S. cent …TSX rallies as oil prices boost energy; Shopify surgesReuters CanadaTSX ends higher as oil rises above US$60 a barrel, New York makes small gainsMedicine Hat NewsThe close: TSX rises amid energy share gainsThe Globe and Mailall 120 news articles »

BOGOTA – Chinese Premier Li Keqiang vowed to deepen economic ties with Colombia during a visit to the Andean nation Thursday as part of his four-nation South American tour aimed at boosting trade and investment.
Li is the highest-ranking Chinese official to visit Colombia since the two nations established diplomatic ties 35 years ago and his visit was hailed as historic by President Juan Manuel Santos.
In their first meeting late Thursday at the presidential palace, the two signed deals providing scholarships for 200 Colombians to study in China and mapping a development plan for the violent Colombian port city of Buenaventura where the $17 billion in annual trade between the two countries is concentrated.
Li, speaking to reporters following the meeting, said the two also discussed the possibility of initiating talks aimed at signing a free trade agreement. He also pledged $8 million in aid to help Colombia maintain the peace in war-torn rural areas if the negotiations with leftist rebels to end a half-century conflict succeed…

SAN DIEGO – Tribune Publishing Co. said Thursday that it completed its purchase of San Diego’s dominant newspaper from real estate developer Douglas Manchester for $85 million.
The San Diego newspaper immediately changed its name from U-T San Diego to The San Diego Union-Tribune, as it was known from 1992 until Manchester bought it in 2011.
The deal closed two weeks after the owner of the Los Angeles Times, Chicago Tribune and other publications announced it agreed to buy the 146-year-old newspaper in a cash-and-stock transaction. It puts the top newspapers of California’s two largest cities under common ownership.
Publisher Austin Beutner said the Los Angeles and San Diego newspapers “will combine forces to help build a news organization that engages, informs and faithfully serves its readers.”
“The Union-Tribune and The Times will share resources — and a singular commitment to quality journalism — but each will maintain its own, independent editorial voice,” Beutner, publisher of Tribune Publishing’s California Newspaper Group, which includes both newspapers, wrote in a letter to Union-Tribune readers…

WASHINGTON – A powerful congressman is compelling the Federal Reserve to provide documents related to a possible leak of market-moving interest-rate information to a financial newsletter.
Rep. Jeb Hensarling, the Texas Republican who heads the House Financial Services Committee, announced Thursday he had issued a subpoena to the Fed. He says the central bank has repeatedly failed to adequately respond to the panel’s questions and document requests.
The committee’s Republicans are investigating whether confidential information was deliberately leaked from the Fed’s interest-rate policy meeting in September 2012. The Fed told the committee in March that its own investigation found no evidence that sensitive information was deliberately leaked from the policy meeting.
The Fed inspector general, an independent watchdog, and the Justice Department have been reviewing the handling of the internal probe
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The fund delivered a return of 18.3 per cent in its 2015 fiscal year ended March 31, for a net gain of $40.6-billion in investment income