"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
Asian markets closed slightly lower on Tuesday ahead of the Federal Reserve's December meeting.
The Nikkei 225 drifted lower by 0.32 percent, or 72.56 points, to close at 22,866.17 after hovering near the flat line earlier in the day. Gains were seen in trading houses and financials, as automakers and tech stocks traded mixed.
Energy-related stocks also saw significant gains, with Inpex closing up 3.51 percent.
Across the Korean Strait, the Kospi edged down 0.42 percent to end at 2,461. Several heavyweight tech names rose, but those gains were offset by losses seen in retailers and energy-related stocks. Samsung Electronics closed up 0.62 percent, and Lotte Shopping was down 3.41 percent by the end of the day.
Kumho Tire stock jumped 7.57 percent on the day following news about a potential takeover, Reuters said, citing local newspaper Hankyong.
Down Under, the S&P/ASX 200 tacked on 0.25 percent to close at 6,013.2, with energy stocks climbing 1.26 percent following the rise in oil prices. Santos gained 0.99 percent, Oil Search was up 1.1 percent and Woodside rose 1.7 percent by the end of the session.
Shares of ANZ closed up 1.12 percent, outperforming other Australian financial shares, following news that the bank would be selling its life insurance business to Zurich Financial Services Australia. ANZ said proceeds of the sale would total 2.85 billion Australian dollars ($2.15 billion).
Meanwhile, France's Unibail-Rodamco on Tuesday announced it had entered into an agreement to buy Australian shopping center company Westfield for $24.7 billion. Trade in Westfield shares had been halted earlier while the group's Australasian arm Scentre Group, a distinct listed unit, closed 4.07 percent higher.
Hong Kong's reversed early gains to slide 0.57 percent by 3:10 p.m. HK/SIN. Mainland markets also lost some ground. The fell 1.24 percent to close at 3,281.01 and the Shenzhen Composite lost 0.97 percent to end at 1,901.09. The blue-chip CSI 300 index finished down 1.32 percent.
Markets in the region also likely took note of better-than-expected China credit data released Monday. New yuan loans for November came in at 1.12 trillion yuan ($169 billion), above the 800 billion yuan forecast in a Reuters poll, the news agency said.
Investors are focused on the Federal Reserve's upcoming two-day policy meeting, with its interest rates decision due Wednesday U.S. time. Most are expecting an interest rate hike from the central bank and all eyes will be on FOMC members' views on the outlook for the U.S. economy.
Ahead of that meeting, U.S. markets on Monday shook off early jitters following a terror incident to end higher ahead of Asia's Tuesday trading day. The Dow Jones industrial average rose 0.23 percent, or 56.87 points, to finish at a record close of 24,386.03.
Meanwhile, the dollar was steady against a basket of rivals, with the dollar index at 93.905 at 2:56 p.m. HK/SIN after sliding as low as 93.666 during the Monday session. Against the yen, the greenback was a touch softer at 113.44.
"Despite firmer U.S. Treasury yields, the dollar lacked the conviction to move higher ahead of the FOMC statement," Terence Wu, economist at OCBC, said in a note. He added that the dollar could edge higher if the Fed was less dovish than markets expect, as "short- and long-end global yield differentials remain supportive" of the currency.
The New Zealand dollar held onto gains after getting a boost following a Monday announcement that Adrian Orr would be appointed as the Reserve Bank of New Zealand's governor. The traded at $0.6931 at 2:57 p.m. HK/SIN, above Monday's close of $0.6910 and after popping as high as $0.6936 earlier.
The Australian dollar also firmed on the back of oil's move higher, last trading at $0.7543 after briefly trading at the $0.74 handle at the end of last week.
In commodity markets, oil prices resumed their climb after rising to their highest levels in more than two years overnight following news that Britain's Forties Pipeline would be shut. The pipeline carries around 450,000 barrels a day of Forties crude from offshore fields in the North Sea to a processing plant in Scotland.
Brent crude futures rose 1.31 percent to trade at $65.54 per barrel, cracking the $65 level for the first time since 2015. Brent had risen some 2 percent in the previous session. U.S. West Texas Intermediate advanced 0.69 percent at $58.39 per barrel.
SoftBank Group will invest around an additional $500 million in satellite broadband company OneWeb, the Wall Street Journal reported on Monday, citing a source. The increase in funds will mean SoftBank's total investment in OneWeb totals $1.5 billion, the Journal said. Shares of SoftBank closed down 0.41 percent.
Elsewhere, shares of Toshiba rose 1.66 percent by the end of the day, outperforming most peers in the tech sector in Japan after the company said it had not come to a consensus over a dispute with Western Digital. On Monday, Argyle Street Management, an activist investor in Toshiba, told the troubled Japanese company it did not have to sell its memory chip arm to a consortium led by Bain, Reuters reported. Argyle made the remarks after Toshiba received a recent cash injection, the news agency added.
Meanwhile, Chinese property developer Country Garden Holdings said it would be withdrawing its application for plans to list a subsidiary on the Shanghai Stock Exchange. The company cited a "change in the policies of the approval authorities" in China as the reason for its decision, according to a filing. Country Garden stock was down 1.25 percent at 3:00 p.m. HK/SIN as other Hong Kong-listed property names trended lower.
— CNBC's Tom DiChristopher contributed to this report.