Brazil's Senate approved Tuesday a 20-year freeze on government spending billed as the centerpiece of austerity reforms aimed at restoring economic health to the troubled Latin American giant.

The upper house voted 53 to 16 to lock in the spending ceiling.

Qatar flew home 10,000 workers who were victims of labor abuse during 2015, official government figures have revealed.

Oil companies in Qatar and Kuwait on Tuesday announced that they will reduce production levels from the beginning of the year.

Moody's on Tuesday dragged its credit rating on Sony back from junk status, saying the Japanese firm's balance sheet has "dramatically improved".

The ratings agency lifted its rating on Sony by one notch to Baa3 -- bringing it back to investment grade -- nearly three years after it cut its view to junk status as Sony wallowed in massive losses.

Iran signed preliminary agreements with Russia's Gazprom on Tuesday to develop two major oil fields in the latest of a flurry of deals with foreign firms, local media reported. 

The deals open the way for Gazprom to carry out studies at the Cheshmekosh and Changouleh fields near the border with Iraq, according to the Shana news agency, which is linked to the oil ministry.

Italy's biggest bank, UniCredit, on Tuesday confirmed plans for a capital increase worth 13 billion euros ($13.8 bn) as it scrambles to raise funds amid market uncertainty. 

Lockheed Martin stocks were down about four percent in early trading Monday after President-elect Donald Trump blasted "out of control" costs for the F-35 stealth fighter program.

With a current development and acquisition price tag of $379 billion for a total of 2,443 F-35 aircraft -- most of them destined for the Air Force -- the Lockheed Martin-built plane is the most expensive in history.

Monte dei Paschi di Siena (BMPS), the oldest bank in the world, is at the heart of an Italian banking crisis which has cost it over 80 percent of its market capitalization in the past year. As Monte dei Paschi's chances of finding fresh capital are up in the air, here are pointers to what went wrong and how it may be fixed.

The Turkish economy shrank by nearly two percent in the third quarter as consumer spending and exports plunged, data showed Monday, the first year-on-year contraction in 27 quarters since 2009.

Airbus delegates have arrived in Tehran for talks aimed at finalising a deal to sell around 100 planes, an Iranian official said Monday.