Millions of Russians will have to
take a test to prove they understand financial markets if they
want to carry on trading foreign stocks, under a central bank
plan aimed at stemming potentially heavy losses among retail
Hedge funds resumed heavy buying
of crude oil and petroleum products last week, with the previous
week's bout of profit-taking halted by increasing optimism over
the global economy and hopes for more output cuts by Saudi
Japan's Government Pension
Investment Fund (GPIF), the world's largest pension fund, has
suspended stock lending for short selling, calling the practice
inconsistent with its responsibilities as a long-term investor.
Sri Lankan shares closed nearly
unchanged on Tuesday, hovering near a 17-month high hit in the
previous session, while the rupee ended weaker on concerns
related to government coffers following recent tax cuts.