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
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.
Atlas Mara, the African b, is in talks to invest $22.5m in Banque Populaire du Rwanda and merge it with its existing Rwandan bank.
Airbus has pledged to boost sales of its A380 Superjumbo, as the world's largest passenger jet prepares to celebrate a bitter-sweet 10-year anniversary.
Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared following a central bank crackdown.
The yen has extended its gains after a batch of weak US data fuelled more doubts about a mid-year interest rate hike.
European shares have edged lower in early trading, with lingering concerns over Greece's debt situation prompting investors to trade cautiously.