IBT Staff Reporter

Nine leading investment banks have signed a Letter of Intent and Team Sheet to create a trade data and market dissemination platform.

It was announced today by CLS Holdings Plc that an interim financing package for the London Bridge Tower had been completed.

India's leading consumer goods manufacturer, Videocon, is within an arm's length to acquiring South Korea's third largest electronics company, Daewoo Electronics, but certain riders attached by the ailing company relating to its takeover may persuade the Indian company to give it a second thought.

According to the latest research, Apple Computer's ubiquitous portable-media device, the iPod, garnered healthy market-share in August, though growth was slightly slower than June's.

U.S. housing starts fell more sharply than expected to the lowest rate in more than three years, while core producer prices dipped unexpectedly, according to government reports on Tuesday that confirmed a fast-cooling economy.

The race to acquire the beleaguered United Western Bank (UWB) has finally come to an end with Industrial Development Bank of India (IDBI) all set to acquire it, the Reserve Bank of India (RBI) has announced.

Amazon.com Inc, one of the Internet's largest retailers, has announced a new service on Tuesday that allows artists to sell compact-discs to customers without maintaining expensive inventories.

GCap Media has announced today it will be launching its first national jazz station on DAB digital radio.

Elmo, the furry red toy doll known for laughing hysterically, has a new update. The newest model falls and laughs as it clutches its belly.

Payouts on personal pensions have halved in the past decade, a survey shows.

ArmorGroup International Plc, provider of defensive protective security services today announced its unaudited interim results for the six months ended 30th June 2006

The British Cabinet Office has chosen international IT services company Atos Origin to provide IT managed services for the Government Gateway application.

Paragon Group Plc announced today that it would be meeting with analysts ahead of its close period for the year ending 30th September 2006.

As Ford Motor Co. moves to implement its biggest job-cut and plant-closure program in its 103-year history, uncertainties about the turnaround plan risk complicating its execution, analysts said on Monday.

Trafficmaster Plc, the vehicle navigation provider, today announced its return to profit in the first half ended 30th June 2006

Finance ministers on Monday endorsed a controversial new World Bank strategy for tackling corruption in developing countries

Concerns over exploding computer batteries may be heating up, but alternative power sources for portable devices like laptops, music players and cellphones could still be up to 10 years away.

Malaysia's financial markets regulator said Tuesday it is investigating allegations of manipulation of shares on the country's stock exchange, but it would not say whether the probe includes activities by a U.S.-based hedge fund.

ngel Gurria of the OECD, an economics think-tank, believes bankers and economists must speak simply, whatever their mother tongue, and he made the point while attending one of the world's biggest gatherings of financial leaders, in Singapore.

EU antitrust chief Neelie Kroes on Tuesday rejected an accusation she was pursuing a vendetta against U.S. software giant Microsoft Corp.

Independent News & Media PLC, which publishes 175 newspapers and magazines worldwide, reported a 30 percent drop in first half profit Tuesday

Nordic and Baltic stock exchange operator OMX AB said Tuesday it will buy the Icelandic bourse in a deal worth about 250 million kronor.

The yen rallied sharply from two-week lows against the euro on Tuesday after a European official said markets may need time to digest policymakers' message that a stronger yen versus the euro is desirable.

The strength of house price inflation has surprised the Bank of England, according to Monetary Policy Committee member Kate Barker.

Russia's Gazprom said on Tuesday it had suspended assets swap talks with Royal Dutch/Shell because of uncertainty over Shell's Sakhalin 2 oil and gas project

The Department for Transport (DfT) announced shortlists for three new rail franchises on Tuesday, part of a rejigging of the train network that could see fewer companies involved in operating services.

A new era began on Monday for the UK's most successful investment fund, as trading resumed in Fidelity Special Situations after the fund was split in two.

There is little respite for hard pressed with profits policyholders, with Royal London announcing a cut to bonus rates.

Royal Mail on Tuesday launched a new service allowing customers to buy and print their postage online, marking the latest innovation to a stamp based postal service which harks back to 1840 and the Penny Black.