IBT Staff Reporter

A drug which has yet to be named developed in Adelaide for the purpose to halt swelling of the brain after major trauma may promise hope to treating spinal injuries in the future.

U.S. government data released on Friday showed employment conditions varied widely from state to state in July, indicating that the economic recovery may not be consistent across the country.

Nearly half of homeowners getting help through the Obama administration's premier housing rescue program have dropped out through July as many failed to document their eligibility, the U.S. Treasury said on Friday.

Fiat boss Sergio Marchionne is heading for a showdown with powerful industrial lobbies as he pushes for more flexible work practices that could lead to a broader shakeup of rules in the Italian car industry.

Mutual funds and other large stockholders may rebalance auto sector holdings after General Motors Co's initial public offering, but day-to-day stock prices are not the main measure of Ford Motor Co's turnaround

The U.S. government proposed major changes on Thursday to the way it works with companies to fight new disease threats such as flu, including reform at the Food and Drug Administration and setting up centers to make vaccines quickly.

Developing countries will bear 60 percent of the world's cancer burden by 2020 and 70 percent by 2030, but are not prepared for the looming crisis, cancer experts warned in a report on Thursday

The number of U.S. movies showing people smoking has declined since 2005, but cigarettes still feature in far too many films and could be influencing young people to take up the habit, according to a report released on Thursday.

More Americans with psychiatric conditions are being treated with drugs alone compared with a decade ago, while talk therapy -- either by itself or in combination with medication -- is on the decline, a new study finds.

Hormone therapy with either estrogen or testosterone might not affect women's thinking and memory skills in the years soon after menopause, hints a new study.

Common painkillers that have been linked to an increased risk of heart attack may also elevate risk of stroke, a new study suggests.

In an obvious hint to the imminent platinum and palladium supply woes, the JPMorgan Chase said that the metals will witness a huge rise in prices due to the concerns over implementing changes to mining rules in South Africa, which is the largest producer of the metals. Concern about rule changes intensified in recent weeks as Kumba Iron Ore and Lonmin said the government had deprived them of mining rights. The ANC is preparing to discuss mine nationalisation at a congress next month.

At a time when China is hurrying to open up its gold bullion sector, India is shying away from allowing banks to invest in Gold exchange-traded funds (ETFs). This has come to light recently as the Forward Markets Commission (FMC), the commodity futures market regulator, suggesting to the Reserve Bank of India (RBI) that banks should not be allowed to invest in gold ETFs.

U.S. crude oil prices fell below $74 a barrel after this week's feeble U.S. economic data raised doubts about the top oil-consuming nation's ability to use up its highest petroleum inventories in two decades. U.S. crude prices for September fell 73 cents to $73.70 a barrel by 1220 GMT on contract expiry day, continuing a two-session drop.

The euro fell to its lowest against the dollar in more than a month on Friday after comments by a European Central Bank official bolstered the view that euro zone monetary policy would remain loose for months to come.

The Federal Reserve's balance sheet shrank in the latest week, partly due to a decline in its holdings of mortgage-related securities, Fed data released on Thursday showed.

All the signs of a gold boom were visible at the venue of the India International Jewellery Show (IIJS) in Mumbai this week. Even as India gets ready for ushering in the festival season with Raksha Bandhan on August 24, the IIJS provided a perfect start for the gold market in the country.

U.S. crude oil prices hovered below $75 a barrel and near six-week lows after weak U.S. economic data this week raised doubts about the top oil-consuming nation's ability to work through the most ample petroleum inventories in two decades.

The Queensland government will be giving Beyondblue, the national depression initiative a boost of $3.2 million.

Japanese Finance Minister Yoshihiko Noda said on Friday his ministry is communicating with other Group of Seven nations on currencies amid concern the strong yen will further dent the country's slowing economy.

Miriam Schmierer, the oldest Australian who celebrated her 111th birthday on Friday, said faith and her spiritual life are responsible for making her still alive today.

The dollar steadied against the yen on Friday but stayed within reach of a 15-year trough hit last week, after weaker U.S. data prompted investors to sell higher-yielding currencies and stocks on risk aversion.

Crude was steady near a six-week trough below $75 a barrel, after weak U.S. economic data signaled the world's top oil-consuming nation will struggle to work through the most ample petroleum inventories in two decades.

Gold rose on Friday, holding near a 1- month high hit the previous day as worries about a deepening U.S. economic slowdown escalated and helped push up holdings in the ETF for the third consecutive day.

The new transparent sunscreen is being developed by Dr Amanda Barnard and her team from CSIRO, by utilizing nanotechnology.

Gold extended gains in Asian trade Friday as its appeal as a safe haven asset soared on reports of deepening U.S. economic concerns. Gold for immediate delivery was seen trading at $1232.18 an ounce at 12 noon Singapore time while US gold futures for December delivery was at $1,235.47 on the comex division of Nymex.

Asia's time has come as far as bullion market is concerned. Now, London's Dominance of gold bullion dealing worldwide faces a major challenge in the fast-rising Asian jewelry and investment markets.

J.D. Power and Associates cut its U.S. auto sales forecasts for the remainder of 2010 and 2011 as it expects a slow economic recovery

The town of Moama in NSW will temporarily be renamed Motown in November as part of a fundraising and awareness campaign on men's health, the Murray Shire Council announced Friday.