Yuuki Sakurai, President & CEO at Fukoku Capital Management tells CNBC's Cash Flow why he would like more clarity from BoJ Governor Haruhiko Kuroda.» Read More
Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald. After a weak session Monday, Wall Street opened slightly lower again, with the Dow Jones Industrial index down 0.1 percent to 13,565.45, and the S&P 500 down 0.1 percent at 1,454.61.
SINGAPORE, Oct 9- The Asian naphtha price rebounded to a five-session high of $965 a tonne on Tuesday, with the intermonth premium recovering to reach $12.00 a tonne as demand from South Korea returned.
David Herro, Harris Associates chief investment officer-international, provides his top international portfolio picks.
*Alcoa to start earnings season after the close. The IMF warnings come on the heels of a lowered forecast for growth in the East Asia-Pacific region by the World Bank on concerns China's slowdown could last longer than expected.
LONDON, Oct 9- European shares edged lower on Tuesday on concerns about company earnings and debt problems in countries including Spain and Greece, although analysts said the overall market trend remained positive and recent central bank actions would underpin stocks. At 1138 GMT, the index was down 0.1 percent at 1,100.52 points.
Treasury Secretary Timothy Geithner met Tuesday with India's finance minister to discuss lowering trade and investment barriers just weeks after the Indian government started a drive to reignite the nation's declining economic growth.
"Our countries have exerted major efforts to restore global oil market stability, a feat that has actually been achieved," Saudi Oil Minister Ali al-Naimi told a meeting of Gulf Arab energy ministers in Riyadh.
TOKYO-- Sales of Japanese vehicles nosedived in China during September as anti-Japanese sentiment flared over a territorial dispute that threatens to hobble what was a booming business relationship between Japan and its biggest export market.
But the high-pitched row between Beijing and Tokyo over their ownership is exacting a growing toll on Japan, threatening to send its recovery from last year's disasters into reverse.
*Uncertainty over Spain and Greece pressures euro. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.
AMSTERDAM-- World stock markets mostly declined Tuesday against a backdrop of worries about global economic growth and Europe's debt crisis. Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald.
*United Spirits surges on hopes for Diageo deal. MUMBAI, Oct 9- Indian shares recovered on Tuesday from two previous sessions of losses as dented stocks such as Infosys rose, while private banks such as ICICI Bank gained on hopes their quarterly earnings would prove resilient.
*Alcoa to start earnings season after the close. *The IMF warnings comes on the heels of a growth forecast cut for East Asia by the World Bank on concerns China's slowdown could last longer than expected.
DHAKA, Oct 9- Bangladesh's exports rose in September for the third month in a row thanks to improving garment orders, official data showed on Tuesday. Total exports for July-September, the first quarter of Bangladesh's financial year, were up 2.1 percent to $6.29 billion.
SINGAPORE, Oct 9- Indonesia's state-owned Pertamina has concluded term negotiations to supply low sulphur waxy residue in the fourth quarter at lower premiums, traders said. The term contract, to supply about 200,000 barrels of V1250 grade LSWR a month, was awarded at a premium of $50.00- $55.00 a tonne to Singapore quotes, according to the traders.
HONG KONG, Oct 9- Nobel laureate Shinya Yamanaka warned patients on Tuesday about unproven "stem cell therapies" offered at clinics and hospitals in a growing number of countries, saying they were highly risky.
*Oil jumps on supply concerns as Middle East tension mounts* Uncertainty over Spain and Greece pressures euro By Richard Hubbard. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.
LONDON, Oct 9- European shares gave up early gains and turned negative on Tuesday as concerns over slowing global growth and its impact on corporate earnings weighed, although charts signaled a bounce back.
RIYADH, Oct 9- Saudi Arabia is satisfied that oil prices have fallen to a level that does not hamper global growth, Saudi Oil Minister Ali al-Naimi said on Wednesday, signalling success in a Gulf Arab effort to keep oil prices under control despite a halving of Iranian exports because of Western sanctions.
With Citic Pacific drawing a stunning USD7bn in a book on a USD700m deal, it would seem that investors have a risk-on tone in the primary markets to spite a 1.5 bp-2bp widening in the secondary markets.