Friday, October 2, 2009

Science

AIDS Study Flushes Out Virus, Pointing to Possible Cure, Scientists Say Scientists, moving closer to a cure for AIDS, identified a way to find medicines that would help rid patients of the hardest-to-treat pockets of HIV.

Deadly Virus Hunters Narrow Search for Ebola, Marburg Source to Fruit Bats Scientists are closing in on the source of Ebola and Marburg, two of the world’s most-lethal infectious diseases.

Most Babies Born Today in Rich Nations Will Live 100 Years, Scientists Say More than half of babies born today in rich nations will live for 100 years as earlier diagnoses and better treatment of illnesses such as heart disease extend lives, scientists estimate.

Skeletons 1 Million Years Older Than `Lucy' Show Modern Traits, Study Says The 4.4 million-year-old skeleton nicknamed “Ardi” by scientists who found her remains in Ethiopia show the earliest known ancestor of humans was a lot more like us than chimps or apes.

Swine Flu Pandemic May Spur Universal Influenza Vaccine, Scientists Say The swine flu pandemic may spur development of a universal vaccine for influenza and lead to new ways of responding to similar global emergencies, researchers wrote in today’s issue of Science.

Switching Genes Adds `Life' to Later Years, Years to Life in Mouse Study Female mice prevented from producing a particular protein lived 20 percent longer and had fewer age- related diseases than normal rodents, benefits usually associated with calorie-restricted diets, a Science study found.

Ancient Rainforests Reveal Clues How Trees Can Endure Weather Extremes Fossilized remnants of long-ago rainforests discovered in Illinois coal mines are providing clues about how trees and their ecosystems were able to withstand weather extremes from ice ages to global warming.

Generic Drugs May Cut Heart Attacks, Hospital Care, Study Says Two generic drugs may lower the chances of high-risk patients’ being hospitalized for a heart attack or stroke by more than 60 percent, according to a study.

Novel Diabetes Pill From AstraZeneca, Bristol Also May Bring Novel Risk AstraZeneca Plc and Bristol-Myers Squibb Co. will report that a novel diabetes pill the drugmakers are co-developing helped patients control blood sugar and lose weight in a 24-week study. Doctors say they are concerned about long-term risks.

Candy, Chocolate Handed to Kids Daily Make for Violent Adults, Study Finds Children who eat candy and chocolate every day are more likely to be violent when they grow up because the instant gratification can nurture impulsive behavior, according to a U.K. study published today.

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Emerging Markets

Brazil Stocks Post World's Top Gain, Real Rises as Rio Wins Olympics Bid Brazilian stocks rallied, making the Bovespa the world’s best-performing major index today, and the currency gained after Rio de Janeiro was awarded the 2016 Summer Olympic Games.

Billionaire Batista's OGX Finds Oil Off Brazilian Coast; May Split Shares OGX Petroleo e Gas Participacoes SA, the Brazilian oil company controlled by billionaire Eike Batista, said it found signs of crude off Brazil’s coast and that it is considering a share split next year.

Rossi, PDG to Sell $1.1 Billion of Equities as Brazil Stock Demand Surges Rossi Residencial SA and PDG Realty SA Empreendimentos & Participacoes, Brazilian homebuilders whose shares have more than doubled this year, are selling 2 billion reais ($1.11 billion) of new stock to tap surging demand.

Femsa Weighs Future of Its Beer Unit as SABMiller, Heineken Consider Deals Fomento Economico Mexicano SAB, the maker of Dos Equis, is in talks about its beer unit and may draw interest from SABMiller Plc and Heineken NV as the biggest global brewers joust for the world’s remaining independent brands.

MTN-Bharti Deal Rejection May Signal Larger Zuma Role in Shaping Economy South Africa’s decision to block a $23 billion merger between MTN Group Ltd. and India’s Bharti Airtel Ltd. may indicate President Jacob Zuma favors more state involvement in the economy to protect jobs and local industries.

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Currencies

Dollar Advances Most Since June as Gobal Policy Makers Voice Their Support The dollar strengthened the most against the euro in four months as public officials from Gothenburg, Sweden to Tokyo said a strong U.S. currency is essential to the global economy.

G-7 Finance Ministers Push for `Strong Dollar' Before Meeting in Istanbul Finance ministers from the Group of Seven meet in Istanbul today pushing for a “strong dollar” amid concern its slide will impede their recoveries from the deepest global recession in the postwar era.

Canadian Currency Records Weekly Gain on Commodities, Outlook for Growth Canada’s currency posted a weekly gain as crude oil traded above $70 a barrel, gold rose and the International Monetary Fund raised its forecast for growth in the nation’s economy.

Chilean Peso Declines to a One-Month Low; Colombian Currency Strengthens Colombia’s peso rose for a fifth week, its longest winning streak since April 2008, on speculation dollar inflows into the South American country will increase.

Roubini Anticipates Dollar Dumping Only If Major U.S. Policy Mistakes New York University Professor Nouriel Roubini said the risk of countries dumping their dollar reserves will increase if the U.S. “doesn’t fix its own fiscal and economic house.”

Dollar to Reach 1.0505 Francs After Resistance Level: Technical Analysis The dollar may reach a three-week high of 1.0505 Swiss francs should it break above so-called resistance at 1.0447 francs, BNP Paribas SA said, citing trading patterns.

Pound Falls Versus Dollar as Stocks Drop Amid Concern Over Slow Recovery The pound fell against the dollar, capping a third straight weekly drop, as U.K. stocks slid amid signs the worst of the recession has yet to pass.

Poland May Raise Interest Rates Next Quarter, Rate Board Candidate Says Poland’s central bank may need to start raising rates next quarter as economic growth picks up to 2 percent to 3 percent, said Adam Glapinski, an economic adviser to the President and a candidate for the bank’s next rate board.

Rand Set for Biggest Weekly Drop Since May After MTN-Bharti Merger Fails The rand posted its biggest weekly decline in twelve weeks after the Bharti Airtel Ltd. merger with MTN Group Ltd. failed and comments by the central bank that it boosted dollar purchases prompted traders to sell the currency.

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