IBT Staff Reporter

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Daily Forex Commentary 2/8/2010

Greenback weakness across the board has helped put the Australian Dollar back over US90 cents during offshore trade on Friday and we open in Sydney this morning at 0.9050.

U.S. scientists close to developing anti-stress vaccine

A team of American scientists are close to developing a vaccine that can cure stress to prevent it from causing illnesses such as diabetes and heart attack. Robert Sapolsky, professor of neuroscience at Stanford University and leader of the research team, alled the potential vaccine Sapolsky Shot which he said can alter brain chemistry to create “focused calm.” In his research on the damage cause...

Jobs and earnings latest test for stocks

U.S. stocks are unlikely to break above a key technical level this week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.

Latest rheumatoid arthritis drug for Australians

Rheumatoid arthritis (RA) affects about one per cent of Australian population. Patients with the condition usually have to live with progressive joint destruction, disability, deformity and a reduced life span, even with treatments.

Omega-3 protective against hearing loss

Based on the research led by Paul Mitchell and his colleagues at the University of Sydney, higher consumption of omega-3 fatty acids and the fish that carry them may cut down the risk of developing age-associated hearing loss.

Australian doctors' mental health worrying

A study reveals doctors who have yet to take a holiday in the previous year and are working around the clock are far more likely to succumb to anxiety and depression - both of which can compromise judgments in the treatment of their patients.

BlackBerry users in UAE, Saudi may have services cut

More than a million BlackBerry users may have key services in Saudi Arabia and the UAE cut off after authorities stepped up demands on smartphone maker Research In Motion for access to encrypted messages sent over the device.

BlackBerry users in Gulf may have services cut off

More than a million BlackBerry users may have key services in Saudi Arabia and the UAE cut off after authorities stepped up demands on smartphone maker Research In Motion for access to encrypted messages sent over the device.

Random House sees e-book sales jumping: CEO

Bertelsmann's Random House, the world's biggest book publisher, expects electronic books to contribute more than 10 percent of its U.S. revenue next year, its head was quoted as saying on Sunday.

Million BlackBerry users face hit after Gulf bans

Over a million BlackBerry users face being cut off from key services in Saudi Arabia and the UAE after authorities stepped up demands on maker Research In Motion for access to encrypted messages sent on the smartphone.

Commodity Trends:India for higher farm output

A Sub-committee on agriculture, appointed by the Prime Minister's Council on Trade and Industry, met for the first time and decided to come up with a plan to achieve higher growth in the agriculture sector through public sector involvement. The country's average farm growth in the first three years of the 11th Five-Year Plan period (2007-12) has been only 2.2 per cent, against the target of 4 per cent for the entire period. The mid-term appraisal has estimated the average growth in the sector to...

Base metals (Copper, Aluminium, Zinc) to recover on robust growth

After a rally towards the end of 2009, base metals have tumbled in the first half of 2010 on China monetary tightening and concerns about sovereign debt problems in Euro Zone nations. Apart from the temporary upward movements seen in copper, nickel and aluminium analysts hold divergent views on prospects for base metals ahead in 2011. Against this backdrop, Atul Shah, Head of Emkay Commotrade, talks to Sreekumar Raghavan of Commodity Online that prospects for base metals in the medium term looks...

Research to confirm if aspirin increases healthy life span

Researchers from the U.S. and Australia are joining efforts to increase the length of disability-free life of older adults, in the biggest international trial ever, called the Aspirin in Reducing Events in the Elderly (ASPREE) which is sponsored by the US National Institute on Aging (NIA).

Hot chips may cause cancer

Cooking of starch-loaded foods such as potatoes a high temperatures releases a chemical called acrylamide - has been proven to cause cancer, the World Health Organization (WHO) reports.

Cure for Alzheimer’s may come sooner than expected

Researchers at Sydney University's Brain and Mind Research Institute have discovered the way the protein named TAU influences and mediates the toxicity of amyloid-b, which together triggers the symptoms of Alzheimer's diseases.

Cloudy Economic Outlook Keeps Crude Oil Trading in Narrow Range for Week

Crude oil futures continued to trade in a very narrow range, unable to cross the $79 a barrel threshold even though they ended 4.4% higher on the month. The benchmark West Texas Intermediate rallied with the stock market late Friday to finish the week at $78.95 a barrel, virtually unchanged from $78.98 a week ago, after dipping just below $77 a barrel earlier in the week. End-of-month trading might have accounted for some the late gains, analysts said.

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