Former Volkswagen boss Ferdinand Piech, who has died at 82, was the autocratic heir of a storied motoring dynasty who drove VW from the brink of bankruptcy to become a global empire.

Global shares were mixed Tuesday as investors seemed slightly more hopeful again about the potential for progress in the costly trade war between the U.S. and China.

Wall Street was set to open with modest gains after gains on Monday, which was prompted by President Donald Trump's claim that his negotiators had received encouraging calls from China on Sunday. China's foreign ministry denied knowledge of any such calls.

Asian markets mostly rose Tuesday, recovering from the previous day's pounding after Donald Trump said China-US trade talks would resume soon, though the president's sharp changes in tone are keeping investors on edge.

Regional equities tanked and the yuan plunged Monday in response to news at the weekend that Washington would hike tariffs on more than half-a-trillion dollars of Chinese imports after Beijing unveiled levies on tens of billions of dollars of US goods.

India's central bank has announced a $24-billion windfall for the cash-strapped government, giving a much-needed boost to Prime Minister Narendra Modi as he seeks to kickstart growth in Asia's third-biggest economy.

There were signs of a thaw in trade-war tensions between China and the U.S. on Monday as President Donald Trump said delegations would "very shortly" resume talks and Beijing's top negotiator called for "calm."

Iran said on Monday it had sold the oil aboard a tanker that was released this month after being detained for six weeks by the British overseas territory of Gibraltar.

President Donald Trump said Monday that US and Chinese trade negotiators would "very shortly" resume talks in what he described as a breakthrough in the two economic superpowers' trade war.

Asian equity markets tanked and the yuan hit an 11-year low Monday after US President Donald Trump ramped up his trade war with China by hiking tariffs on more than half-a-trillion dollars worth of imports.

U.S. President Donald Trump on Sunday said a trade deal with Britain could be reached "quickly."

President Donald Trump on Sunday denied that his trade war with China is causing friction at the G7 summit, but indicated he will hold off from a threatened further escalation for now.