TRUMP TOWER: A general shot shows the Trump Tower still under construction in Manila. (Noel Celis, AFP)
In other news
Furniture group Steinhoff will sell bonds worth $1bn convertible into stock to fund share buy backs, it says.
European equities have closed up, with London's FTSE 100 index gaining 0.41% to finish at 6 696.28 points.
US stocks have opened mixed after ExxonMobil and Chevron profits slumped on falling crude oil prices, dragging down the Dow, as investors digested a slew of corporate earnings reports.
European stocks have inched up at the start of trading following a healthy batch of growth data out of the United States and as investors await eurozone inflation.
The Dow has been dragged lower by weak Procter & Gamble results, but the Nasdaq gained as food giant Mondelez raised its forecast after better-than-expected earnings.
Most Asian markets have advanced on a healthy batch of economic growth data out of the United States but Shanghai sank again after the previous day's sell-off.
Oil prices have extended their decline in Asia after the OPEC cartel indicated that current lofty output levels will remain.
Royal Philips and the Prince Albert II of Monaco Foundation have unveiled the first of two new Community Light Centres for South Africa.