IBT Staff Reporter

Oil and gas producer Oil Search is set for a strong move towards Papua New Guinea gas pipeline for liquefied natural gas (LNG) with backing from ExxonMobil Corp and BG Group.

Gold explorer Proto Resources and Investments Ltd. has launched a $3.5 million Initial Public Offering.

A lawsuit accusing tobacco companies of defrauding smokers into thinking light cigarettes were safer than regular brands can proceed as a class action, a federal judge in New York ruled on Monday.

It was announced today that the Kenmore European Industrial Fund had managed to raise £140m by completing an oversubscribed placing and offer for subscription.

Adobe Systems has released the latest iteration to its professional photo editing software, Lightroom, on Monday on its website.

Security researches have taken it upon themselves to issue a path for outstanding bugs inside Microsoft's internet browser, Internet Explorer.

ArmorGroup International Plc the security services firm today announced it had landed a $5.6 million mine clearance contract in Lebanon.

European internet users are far more engaged in online dating than their North American counter parts, according to research revealed on Monday.

Faced with mounting pressures of doing business in Silicon Valley, the venture capital industry is going global, albeit in stops and starts that reflect the risks of doing business in foreign lands.

Amp'd Mobile Inc. said on Monday that consumer electronics retailer Circuit City Stores Inc. would sell its mobile phones, as start-up wireless service Amp'd expands its distribution.

Furniture maker and retailer Ethan Allen Interiors Inc. on Monday forecast revenue for the current quarter below Wall Street estimates amid weak consumer confidence and volatility in its business.

Walgreen Co., the largest U.S. drugstore chain, posted a 25 percent rise in quarterly profit on Monday, driven by strong sales of prescription medications and the addition of the Happy Harry's chain.

Criminals are increasingly trying to trick citizens into giving them their bank account details, according to a survey published on Monday which showed such phishing attempts almost doubled in the first six months.

The British Phonographic Industry has appealed to the Government to have the recording industry’s search for new music talent included in the Government’s research and development tax credit scheme.

Anthony Green, Chairman of PZ Cussons Plc, today made a statement at the shareholders AGM. In it he announced that operating profit before exceptional items had increased by 13% to £60.2m.

Honda Motor Co. said on Monday it has developed a new and simple diesel powertrain that is as clean as gasoline-fuelled cars, unveiling plans to mount it on a car for the U.S. market by 2009.

Lebanon will lose about $2 billion in tourism revenues this year due to a month-long war but the tourism minister is hoping a 15,000-strong U.N. peacekeeping force will help revitalise the industry.

Are Shanghai's days as the freewheeling, red-tape slashing golden boy of China's economic boom coming to an end?

The future of a European project aimed at matching U.S. and Israeli prowess in unmanned spyplanes that could eventually fire weapons was thrown into doubt after a test model crashed off the coast of Spain.

Nokia today announced the release of “a selection of enhancements to heighten your mobile and music experience,” a statement said today.

Nokia today began a weeklong display of its latest imaging achievements at Photokina 2006. The event is to highlight “the benefits that mobility brings to imaging” a statement said. The exhibition contains all the latest Nokia Nseries multimedia computers.

Close Brothers posted a record pre tax profit of 157 million pounds for the 2006 financial year, slightly above consensus estimates, boosted by strength in all its businesses, the UK bank said on Monday.

Aberdeen Asset Management's assets under management fell by 3.9 percent over the five months to the end of August, primarily as a result of a fall in the value of the U.S. dollar.

Property group Minerva has dropped plans to build what would have been the City of London financial district's tallest office block, saying on Monday the project was too big for a company of its size.

Lenovo Group Ltd.(0992.HK), the world's third-largest personal computer maker, said on Monday it is looking into a fire incident on a Lenovo laptop PC equipped with a Sony Corp. (6758.T) battery.

Standard Life Finance Director Alison Reed will step down next month, the insurer said, ending a week of speculation about her future that has prompted concerns over management changes at the former mutual.

Leading mobile phone manufacturers, Nokia and Motorola, would soon establish plants for the manufacturing and assembling of mobile phone handsets and other accessories in Nigeria.The plants were to be established under a special partnership arrangement between the Nigerian government and the foreign investors.

The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank Group (AfDB) on Wednesday in Tunis, approved a grant of about US$ 44.95 million, to finance the Kicukiro-Kirundo Road Project linking Rwanda to Burundi.

A United Kingdom oil company, Aminex PLC, has signed a production sharing agreement with Egypt for Onshore Block 2 in the West Esh El Mellahah area in upper Egypt.