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.
Italian insurer Assicurazioni
Generali has held talks with U.S. rival MetLife Inc
to buy the bulk of its European assets but discussions
have stalled due to differences over price, four sources told