Investment sentiment in Germany hit an 11-month high this month on hopes the European Central Bank is about to roll out its heavy anti-deflation artillery, analysts said on Tuesday.

The widely watched investor confidence index calculated by the ZEW economic institute jumped 13.5 points to 48.4 points in January, its highest level in 11 months, ZEW said in a statement.

The International Monetary Fund on Tuesday sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe.

The IMF said poorer prospects in China, Russia, the euro area and Japan will hold world GDP growth to just 3.5 percent this year and 3.7 percent in 2016.

Twitter said on Tuesday it will buy Indian mobile marketing firm ZipDial, reportedly for $30-$40 million, as it looks to tap one of the world's fastest growing mobile phone markets.

The U.S. social media giant, which did not disclose details of the deal, will take over the staff and offices of the firm, which is based in the southern Indian tech city of Bangalore.

Asian markets mostly rose Tuesday after China released data showing its economy grew a little faster than expected, while speculation swirled that the European Central Bank would embark on a huge stimulus program.

The euro retreated against the dollar after a minor rally on Monday as traders also nervously awaited an close weekend election in Greece, where a far-left anti-austerity party is leading the polls.

Malaysia trimmed its 2015 growth forecast Tuesday and said its fiscal deficit would be wider than expected after the sharp fall in global oil prices threw a wrench in the petroleum-exporting nation's economic plans.

Prime Minister Najib Razak called the situation a "reality check" but assured Malaysians the country was not in trouble, unveiling measures he said would keep Southeast Asia's third-largest economy moving forward.

Prime Minister Nawaz Sharif on Monday expressed extreme displeasure over Pakistan's severe petrol shortage, forcing the petroleum minister to apologies for a crisis that has brought parts of the nation to a standstill.

The shortage began last week, first hitting Pakistan's central Punjab province and the capital Islamabad, and spreading Monday to northwestern Khyber Pakhtunkhwa province and parts of the country's biggest city, Karachi.

Denmark's central bank cut its deposit rate further into negative territory Monday as market players speculated the country could follow Switzerland's example and remove its currency peg against the euro.

The deposit rate, which was cut to below zero in September for the first time since 2012, was reduced to -0.2 percent from -0.05 percent.

An election win for Greece's leftist Syriza party on Sunday could mark a turning point in Europe where other populist parties, starting with Podemos in Spain, are hoping to launch their own anti-austerity revolts.

Syriza and Podemos are united in blaming Europe's ills on budget austerity measures imposed by the so-called "troika" -- the European Union, the European Central Bank and the International Monetary Fund -- and by their tough stand against corruption.

The United Arab Emirates on Monday downplayed fears that the fall in oil prices could negatively impact the development of renewable energy projects.

"Our interconnected energy landscape has evolved beyond the point where the price of oil determines the fate of clean energy," said minister of state Sultan al-Jaber who is also chairman of Masdar, Abu Dhabi's renewable energy company.

An Abu Dhabi fund said Sunday that it will provide $57 million worth of concessional loans for clean energy projects in five developing countries.

The projects were aimed at bringing "reliable and sustainable power to more than 280,000 people" in Argentina, Cuba, Iran, Mauritania and St. Vincent and the Grenadines, said the Abu Dhabi Fund for Development.