INDIA GROWTH: India's economy will grow much faster than forecast this year and next and outpace rival China, the IMF said, citing falling oil prices and a reform drive by the government of Prime Minister Narendra Modi. (Indranil Mukherjee, AFP)
In other news
If Britain leaves the European Union it could knock up to 14% off its gross domestic product by 2030, according to a study by two leading German institutes.
The road leading to the Lagos port, which handles nearly everything that Africa's biggest economy imports, is one of the most congested in the megacity.
Energy explorer Tullow says it is unaffected by an order that Ghana is not to carry out any new oil drilling in disputed waters with neighbour Ivory Coast.
The Green Building Council of South AfricaIn has honoured the V&A Waterfront for its high-level environmentally friendly and sustainable operating efficiency.
European banking shares are attracting interest again as the outlook for lending improves and valuations look to be bottoming out.
Britain's biggest banks face another $29bn of charges relating to past misconduct over the next two years, says ratings agency Standard & Poor's.
US stocks have opened higher, extending last week's record-breaking rally at the start of a busy week on Wall St.
The British government has warned oil giant BP that it would oppose a foreign takeover of the company, according to media reports.