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
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.
Shanghai has led several Asian stock markets higher as traders bet on fresh economy-boosting measures in China.
Serbia has sealed a deal with an Abu Dhabi investor for a multi-billion-dollar development that has drawn fire from locals worried over the scale and cost of the project.
Expats in Singapore have voiced concerns about high living expenses, tightening foreign labour policies and education costs at international schools.
Britain's top-25 richest hedge fund managers' wealth has risen by £1.8bn to £14.8bn over the past year, shows the Sunday Times Rich List.
Deutsche Bank's expected move to sell much of its retail banking business will see it join a
growing list of banks choosing to shrink and simplify to survive.