IBT Staff Reporter

89281-89310 (out of 154943)

Diabetes drug Avandia just as safe as Actos: study

GlaxoSmithKline's diabetes drug Avandia was no riskier to the heart than a rival, U.S. researchers said on Tuesday, a finding that contradicts earlier studies and adds new fodder to the roiling debate over the drug's safety.

India leads global gold surge

India's love affair with the yellow metal is gaining strength every year with the 2010 first half showing a 94 per cent rise in demand for gold in India as compared to the 2009 first six months.

Shale plays and how they weaken natural gas prices

Natural gas prices have remained weak and will continue to do so in 2011 on abundant supplies and weak demand. Bank of America Merill Lynch (BofAML) has downgraded its average price forecast for fourth quarter of 2010 for natural gas prices from $5.60/MMBTU to $4.80/MMBTU. BofAML has sharply lowered its 2011 forecast to average of $5/MMBTu from $6/MMBTu.

Oil edges up after overnight slump

Global oil prices recovered in Asian trade Wednesday but remained below $72 a barrel ahead of a crucial US oil inventories report due later today. Light sweet crude for October delivery was seen trading at $71.81 a barrel at 11.30 a.m Singapore time while Brent crude was at $72.41 a barrel in London.

Economic worries to carry gold momentum

Gold prices mixed in early Asian trade Wednesday but likely to advance further as signs of an economic slowdown may prompt investors to boost their holdings of the metal to try to preserve their wealth Spot gold was seen trading at $1231.35 an ounce at 11.30 a.m Singapore time while U.S. gold futures for December delivery fell $1 to $1,232.4 an ounce after rising as high as $1,237.50 on Tuesday.

India, China help Q2 gold demand reach 1050.3 mtn

World Gold Council on Wednesday said big traditional gold consumers like India and China help gold demand reach 1,050.3 metric tons in the second quarter. In a report, the WGC said this is 36 percent higher than the same quarter in 2009, mostly due to soaring investment demand.

Daily Forex Commentary 25/8/2010

With political uncertainty hanging over the Aussie dollar recent attempts at a rally have been short lived as resistance around the 89 cent mark put a lid during yesterdays Asian afternoon session.

U.S. probes egg recall amid calls for tighter rules

U.S. regulators on Monday were still investigating the massive salmonella outbreak that sparked a recall of more than a half billion eggs, while lawmakers launched their own probes and consumer advocates urged passage of a law to give food regulators more power.

Herpes meds not linked to birth defects: study

Women who took medication to treat herpes infections during pregnancy weren't more likely to have a baby with birth defects than women who didn't take these drugs in a study of over 800,000 babies born in Denmark.

Adding talk therapy to meds may ease adult ADHD

Adults with attention deficit hyperactivity disorder (ADHD) who still have symptoms despite taking medications might benefit from talk therapy, also known as cognitive behavioral therapy, or CBT, according to a study released Tuesday.

Heart risk factors a growing problem in Mexico

Large percentages of Mexican adults have risk factors for heart disease and stroke -- suggesting, researchers say, that without intervention, the nation's rate of cardiovascular disease will continue the climb it began several decades ago.

US homebuilder CDS widen on weak home sales

The cost of insuring the debt of U.S. homebuilders rose on Tuesday after sales of previously owned homes dropped more steeply than expected in July to their lowers pace in 15 years.

Existing home sales dive to 15-year low

Sales of previously owned U.S. homes took a record drop in July to their lowest pace in 15 years, suggesting further loss of momentum in the economic recovery.

U.S. agency steps up probe into Corolla stalling

U.S. auto safety regulators have stepped up an investigation into the risk that up to 1.2 million Toyota Motor Corp Corolla and Matrix vehicles could stall due to defective electronic engine control units.

Vit D linked to cancer, autoimmune disease genes

Scientists have found that vitamin D influences more than 200 genes, including ones related to cancer and autoimmune diseases like multiple sclerosis -- a discovery that shows how serious vitamin D deficiency can be.

Chile central bank does not rule out peso intervention

Chile's peso is in line with longer-term fundamentals in real terms but the central bank can intervene in exceptional circumstances and does not rule out using the tools at its disposal, Central Bank President Jose De Gregorio said on Tuesday.

Oil falls below $72 after gloomy U.S. data

Oil prices fell below $72 a barrel on Tuesday, down for a fifth day after weak U.S. economic data spread gloom about the ability of top consumer the United States to work through record stocks.

Pages