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Pharmaceutical major, Teva Pharmaceutical Industries has asked the American industry regulator, the US Food and Drug Administration not to approve new MS drugs until they are tested by independent advisers.

Teva's request for not granting approval to MS drugs is against Biogen Idec, which is expecting FDA to take a decision on its application to market a new MS treatment called BG-12. Experts say that the BG-12 pill will be a competitor of injected Copaxone.

SBS Transit has that all the train services on the North East Line (NEL) are now running normally after 4:35pm after services were disrupted due to a power fault.

The train operator said that North East Line was affected by a power fault this morning just before 10 am. The operator had detected the fault in a stretch in the tunnel between HarbourFront and Outram Park stations. SBS Transit has said in the morning that the company engineers are working to resolve the problem.

According to the latest data released, House prices in Auckland have risen to record high levels as the housing market records growth.

QV revealed today showed that the market prices also increased in Christchurch but the growth was weak in other urban areas. The data showed that the prices increased by 5.7 per cent on average nationwide. The House values rose by about 6per cent in 2012, according to the data released.

The Irish government's EU presidency will focus on reaching a deal on the Anglo promissory notes in the coming months.

Taoiseach Enda Kenny said that the Ireland's presidency will immediately focus on reaching Anglo promissory notes and will aim at concluding the deal before the 31 March, ahead of the next deadline. Kenny was speaking following a meeting with the President of the European Council Herman Van Rompuy.

TransCanada Corp. has bagged a contract to build a $5 billion pipeline to connect BC shale natural gas production sites to the West Coast.

The company based in Calgary said on Wednesday that it will design, build, own and operate the proposed Prince Rupert Gas Transmission project for Progress Energy. Progress Energy, which is a unit of Malaysia's Petronas, will connect the reserves of BC shale gas to the western coast of country for exports.

London, Jan 10 : Manchester United manager Sir Alex Ferguson has beaten Arsenal and Tottenham Hotspurs out of the race for the signature of sensational winger Wilfried Zaha with an overall 12 million pound package. It was revealed last month that Ferguson would go head-to-head with Arsene Wenger for the 20-year-old, and it appears that the Arsenal manager have been scared off by Palace's demands, the Daily Mirror reports.