GROWING WINGS?: Indian electricians work on a pylon in New Delhi. India's finance minister pledged major investment in infrastructure, saying it was time for the economy to "fly". (Chandan Khanna, AFP)
In other news
The New York state financial regulator has subpoenaed three major European banks and a US peer in a probe of foreign-exchange rigging, sources say.
Egypt's central bank said on Sunday it sold $420m in the interbank market, after a regularly held dollar auction did not take place.
The People's Bank of China has reduced its benchmark one-year lending rate by 0.25% in an attempt to spur growth.
Libya's oil production is now at more than 400 000 barrels per day, says an official from the National Oil Corporation.
Yemen and Iran have signed a civil aviation deal allowing each country to fly up to 14 flights a week in both directions
Chinese manufacturing business activity rebounded in February after falling to a 28-month low in January, official data shows.
I allocated a modest 7.9% increase in defence spending for the fiscal year, suggesting that it will move only gradually with the military's long wish list.
A Mexican meat processing firm is the first international company to get approval for an investment project in Cuba's first special economic development area.