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
US stocks have snapped a three-day rally to record highs as investors awaited Apple earnings results and a Federal Reserve policy meeting.
Asian markets were mostly up, with Tokyo boosted by a weaker yen following a release of major earnings and central bank policy meetings in the US and Japan.
Oil prices have fallen in Asia after a Saudi official signalled that the world's top crude exporter has no intention of cutting production despite a supply glut.
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.