ChemChina has completed the acquisition of just under 87 percent of Pirelli's ordinary shares, leaving it within touching distance of its goal of delisting the iconic Italian tire-maker.

Marco Polo Industrial Holding, a company created to facilitate the takeover and 65 percent owned by ChemChina, said its 15-euros-a-share offer valuing Pirelli at 7.4 billion euros (8.4 billion dollars) would be extended until October 27.

The dollar declined against the yen on Wednesday on expectations a U.S. interest rate rise will be delayed while demand for safer assets increased on the back of volatile oil prices and worries about China's economy.

Concerns about the slowdown of Chinese growth kept the pressure on investors who, spooked by Tuesday's disappointing trade data and another weak inflation reading Wednesday, shifted into lower yield assets considered safer bets.

The presidents of the Dominican Republic and Haiti agreed Tuesday to reopen negotiations to resolve migration and commercial disputes that are plaguing relations between their two countries.

The leaders, who met on the Dominican side of the border in the town of Barahona, said that government ministers would work on "an accord to enhance commercial trade and normalize ground transport of goods," according to a memorandum of understanding.

The Kuwait National Petroleum Company Tuesday signed contracts worth $13.2 billion (11.6 billion euros) with international firms to build a refinery said to be the Gulf state's largest development project.

The deal comes as Kuwait, a key oil producer, moves to modernize its energy facilities and boost its refining capabilities.

Britain's annual inflation rate fell back into negative territory in September, dampened by lower prices for food and petrol, official data showed Tuesday.

The 12-month Consumer Price Index (CPI) inflation rate sank to minus 0.1 percent last month, compared with zero in August, the Office for National Statistics (ONS) said in a statement.

The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, the International Energy Agency (IEA) said Tuesday.

"Global demand growth is expected to slow from its five-year high of 1.8 million barrels per day in 2015, to 1.2 mb/d in 2016," the IEA said in its monthly oil market report.

Falling inflation will be a key trigger in any decision by the European Central Bank (ECB) to beef up its economic stimulus package, an executive board member said Tuesday.

Yves Mersch said in a speech in Singapore that it was still too early to determine whether factors like slowing growth in emerging markets and a strong euro will affect the inflation target for the eurozone.

German Finance Minister Wolfgang Schaeuble conceded Tuesday that Berlin could miss its goal of achieving a balanced budget next year because of the record migrant influx.

"We want to achieve this without taking on new debt, if possible," said Schaueble.

Kiev said Monday it was banning all Russian airlines from flying into Ukraine from October 25 in a tit-for-tat response to Moscow's decision to impose a similar ban last month.

The punitive measure appeared to concern only two carriers -- Siberia's UTair and the tiny Saratov Airlines -- because Kiev had earlier barred bigger Russian firms in reprisal for Moscow's annexation of Crimea last year.

Market pressures that slashed the price of oil to below $50 per barrel appear to be easing, the OPEC oil cartel said Monday, tweaking upwards its 2015 forecast for crude demand.

"Fundamentals factors (of supply and demand) that have weighed on the market for more than a year have persisted, but are starting to show signs of alleviation," the Organization of Petroleum Exporting Countries said in its October monthly report.