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.

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."

Tokyo - Toshiba Corp on Tuesday reported a net loss of 26.9 billion yen (284.31 million dollars) in the three months through September 30 as flash memory prices continued to fall, compared to a net profit of 25 billion yen a year earlier.

The Japanese electronics company logged an operating profit of 700 million yen during the second quarter of the year through March 31, down from 61.3 billion yen during the same month a year before.

Sales were 1.88 trillion yen, down from 2.03 trillion yen.

Johannesburg - The number of deaths from a new Lassa-type virus has risen to four in South Africa, doctors confirmed to state radio Wednesday.

London, Oct 29 : Former British premier Tony Blair, who is said to be the highest paid speaker in the world, is learnt to have amassed a wealth of 12 million pounds over the past one year since vacating 10 Downing Street.

This is more than six times of the income he earned during his prime ministership.

Islamabad, Oct 29 : Around 100 people were kil