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Scientists discover gene that protects against bacterial attack

Washington, Oct 29 : A Dutch researcher has unravelled a genetic defence mechanism that combats the lethal bacteria Burkholderia pseudomalle—a bacterium suitable for bioweapons.

The research by Joost Wiersinga from AMC Medical Centre in Amsterdam paves the way for a vaccine against the attack by this bacterium.

It has now been found that B. Pseudomallei, can remain hidden in the human body for many years without being detected by the immune system. The bacteria can suddenly become activated and spread throughout the body, resulting in the patient dying from blood poisoning.

The researchers have now discovered which gene-protein combination makes the lethal bacteria B. pseudomallei harmless.

EURO USD Forex Analysis for Technical Traders

More lows overnight; but buyers show up. Hook reversal showing from the toolbox today suggests aggressive traders can buy the rate soon.

Rate possibly getting spillover effect from GBP. Overnight news shows inflation not as bad as expected also helping to lift the rate a bit. Support possibly from option trades; but those are cleared. Official interest noted traders say but rate continued to sell-off.

Rate is an absolute screaming buy in my view—I can't see further weakness being ignored by the buyers but conditions are not right I think; possibly overnight tonight into Wednesday.

'Dr Aafia’s arrest beyond even Hollywood scriptwriter’s wildest dreams'

'Dr Aafia’s arrest beyond even Hollywood scriptwriter’s wildest dreams'Islamabad, Oct 29 : A British journalist has said that the situation in which Pakistani neuroscientist Dr Aafia Siddiqui was shot at and arrested by American military men could not have even been visualized by a Hollywood scriptwriter.

The journalist also deplored the circumstances in which Dr Aafia was arrested after she allegedly “attacked two armed US soldiers in Kabul”.

GBP USD Forex Analysis for Technical Traders

Volatility decreases a bit as today is another inside range day but trading higher. Traders note stops and unwinding of cross-spreads supporting the rate. Follow-on selling finds bids at prior low. Bounce off the lows yesterday and today leaves a healthy bid wick suggesting some upside coming soon but volatility is still high. Traders note liquidity is still thin. Rate at new support level but ranges appears wider.

Traders note quality bids on the dip suggesting a bottom is in here somewhere but buyers have been stepping up for 1000 points now; many likely sidelined.  Aggressive traders can buy anytime but expect more whippy action. Two-way action likely to continue.

USD Technical Analysis for Daily Forex Traders

The USD is two-way into the New York close as traders continue to fear global recession and potential intervention from our trading partners. Rumors that the BOJ was ready to sell Yen to stop the recent sharp rally against most major pairs helped the USD score gains against the Yen but the potential correction has likely run its course and sellers of the rate will return near-term once the US FOMC releases the latest interest rate policy tomorrow; traders feel that the recent volatility in the majors has likely run its course near term as volumes begin to show signs of improving.

Telenor announces third-quarter earnings, India investment plans

Oslo - Norwegian telecommunications group Telenor on Wednesday posted an increase in pre-tax profit and sales for third- quarter of 2008 and unveiled plans to expand into India.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were 10 billion kroner (1.44 billion dollars), compared to 9.48 billion kroner in the corresponding business period of 2007.

Sales increased year-on-year from 26.6 billion kroner to 27.6 billion kroner, the group said.

Chief executive Jon Fredrik Baksaas said Telenor had 159 million mobile telephone subscriptions at the end of the quarter.

Baksaas said the business environment was "currently more turbulent, and we foresee a period with lower global growth."

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