SURPRISE MOVE: Workers stand in front of an advertisement screen in Shanghai. Asian markets rallied after China's surprise move to cut interest rates for the first time in more than two years. (Johannes Eisele, AFP)
In other news
Ghana has accepted a bid from Italian oil major Eni to develop its offshore oil and gas resources, part of an effort to boost the country's energy sector.
Namibia's national carrier Air Namibia is seeking partnerships with Fly Emirates, Qatar Airways and Turkish Airlines to open routes to the Middle East.
UAE Oil Minister Suhail al-Mazrouei says the current slide in oil prices will not be catastrophic for his oil-rich country, thanks to economic diversification.
The number of liquidations has decreased by 12% year-on-year, says Statistics South Africa.
Financial firms which settle trillions of dollars of derivative contracts a day may need more capital to stop them requiring a government bailout if they fail.
Sol Kerzner built the Beverly Hills five decades ago, launching his own prolific journey as a hospitality industry icon.
Encouraging German data has helped to lift eurozone stock markets, while London dipped as a profit-warning by Petrofac sent the group's shares plunging.
Global oil prices have firmed, making a positive start in a week that will be centred on the Opec cartel's output meeting.