IBT Staff Reporter

Credit Suisse has told its investment bankers to reduce staff parties, client entertainment and even colour photocopying in a bid to trim costs

The Uganda National Planning Authority is in final stages of tabling a 10-year national development plan for the government and the private sector.

Sir John Gieve, deputy governor of the Bank of England, said in a newspaper interview published on Monday he gave serious thought to another rise in interest rates at this month's Monetary Policy Committee Meeting.

The Federal Government may soon revoke Royal Dutch Shell Plc oil license in Ogoniland area of River State, although the timing has not been officially decided.Agency reports yesterday quoted an Assistant Director at the Department of Petroleum Resources (DPR), Mrs. Bamidele Ogedengbe as telling newsmen at an energy conference that: We are going to revoke Shell's license to operate in Ogoniland.

France's Areva is among several companies interested in vying for a nuclear recycling project in the United States, the world's largest maker of nuclear reactors said.

Renault and Nissan are making progress in talks with General Motors Corp. GM.N> about forming a three-way alliance but the outcome is still open, Carlos Ghosn said in a newspaper interview.

Lenovo Group Ltd., 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. battery.

The world can promote development in Africa by supporting the private sector in Africa, as Spanish businesses agreed to do this week, and combating people-trafficking mafias, according to a non-governmental aid group.

Britain's biggest mortgage lender has called for the inheritance tax (IHT) threshold to be hiked to 430,000 pounds, after it found 10 percent of homeowners now fall into the net.

Pan-European exchange operator Euronext on Monday denied it planned to postpone an extraordinary general meeting set for December, at which its shareholders are due to vote on a $10 billion plan to merge with NYSE Group .

Public anger in China over a popular skin-care line has become a public relations headache for Procter & Gamble , underlining the challenges foreign firms face as they contend with increasingly discriminating consumers.

Shares edged up on Monday, led by banking and pharmaceuticals stocks.

Britain based building and plumbing supplier Wolseley posted underlying year profits at the top end of forecasts on Monday

Oil prices fell to a six month low under $60 (31 pounds) a barrel on Monday as BP's move to restore output at Prudhoe Bay earlier than expected added to a sense of healthy, secure supplies

Simba Telecom has joined the Private Sector Foundation Uganda as a member in its core role of crusading for policy advocacy and market competitiveness.

Around four fifths of manufacturers have seen their fuel bills rocket at least 30 percent in the last year

Wall Street may be on the defensive this week if reports on housing and growth suggest the United States economy is headed......

Hunan offers Hong Kong entrepreneurs and investors a favourable investment environment because of its rich labour resources, low production costs......

Singapore Airlines, the world's second-biggest airline by market value, said on Monday it was seeking......

Zimbabwe's Belgravia Motors company has clinched an agency deal with a Chinese firm, Gaobeidian Xinkai Automobile Making Company Ltd, to distribute new vehicles in Zimbabwe, a development that is expected to improve the supply of vehicles in this country.

Japanese electronics maker Sony (6758.T) said on Saturday it is investigating a fire incident on a Lenovo (0992.HK) laptop PC

Ethiopian Airlines won the African Airline of the Year 2006 Award. US deputy assistant secretary for aviation and international affairs in the department of transport,

Zimbabwe's telecommunications giant Econet Wireless Holdings has been released a loan of US $7 million to increase its subscriber base and is awaiting the delivery of its new base stations next month.

The mortgage war between HK's banks are becoming more and more furious with some measures taken by three main lender - Hang Seng, Standard Chartered and BEA......

Russia's diamond company, Alrosa, was reportedly negotiating to develop diamond deposits in Guinea and the Democratic Republic of the Congo.

Zambian President Levy Mwanawasa has ordered the arrest and prosecution of investors in the country's copper mines who are breaking labour laws, officials and state-owned media said on Sunday. The decision is widely seen as a move to placate angry miners in the country's Copperbelt region ahead of September 28 presidential elections.

Canadian institutional investor Erik Sardain is looking for an exciting investment opportunity in Australia over the next few months, and at the moment it doesn't look like the $8 billion Telstra share offer quite fits the bill.

Treasurer Peter Costello expects China's economic boom to continue for some time.

Gold explorer Proto Resources and Investments Ltd has launched a $3.5 million initial public offer (IPO).