President Dilma Rousseff has approved new tax incentives to boost innovation in the information technology and telecommunications sectors, the official Agencia Brasil reported Tuesday.

The measures, published in the Official Gazette, are part of the government's Brasil Maior ("Bigger Brazil") plan unveiled in August 2011 to strengthen the productivity and competitiveness of Brazilian industries.

Investors accepted negative interest rates again to lend money to the EU's bailout fund on Tuesday, according to the German central bank, which managed the issue.

The Bundesbank said in a statement that the European Financial Stability Facility placed 1.941 billion ($2.5 billion) euros' worth of six-month bills at a yield of minus 0.0181 percent, compared with minus 0.0179 percent at the previous auction in August.

World stock markets mostly fell Tuesday as signs that Europe will take longer than expected to set up a new authority to supervise European banks kept investors on the sidelines.

The creation of a European banking union is important to prevent any bank failures from torpedoing the finances of financially weak countries such as Spain or Italy. But a meeting among European finance ministers over the weekend underscored the lack of consensus on the details of such a union.

Fiat will stay in Italy thanks to profits generated abroad, particularly in the United States, the chief executive said Tuesday amid rising angst that it may be preparing to shed jobs in Italy.

"I am trying to profit from the recovery of the American market, exploit it to the maximum, to attain the financial security that would allow me to protect the presence of Fiat in Italy and in Europe at this dramatic moment," Sergio Marchionne told the daily La Repubblica.

The protests that erupted in Cairo over an anti-Islam Internet video have stalled talks on relieving $1 billion worth of Egyptian debt to the United States, the Washington Post reported.

The debt relief was intended to provide crucial economic aid to Egypt's newly elected government as it grapples with daunting economic challenges in the wake of the 2011 uprising that toppled longtime president Hosni Mubarak.

Oil prices rose in Asia Monday as dealers welcomed the U.S. Federal Reserve's plan to kickstart the economy, while tensions in the Middle East also provided support, analysts said.

New York's main contract, light sweet crude for delivery in October gained 10 cents to $99.10 a barrel in the afternoon and Brent North Sea crude for November added 26 cents to $116.92.

The Canadian Auto Workers union will focus on reaching an agreement with Ford as negotiations continue with all of Detroit's Big Three automakers with a strike deadline looming Monday night, the head of the union said.

CAW President Ken Lewenza said Sunday that Ford has shown a willingness to reach an agreement. He said talks with Chrysler and General Motors will continue but high level talks will be focused on Ford. A strike at all three automakers would affect about 20,000 workers and about 16 percent of North American auto production.

India's central bank kept its benchmark interest rate on hold on Monday, preferring to wait to see the impact of a flurry of government reforms before reducing the cost of borrowing.

The Reserve Bank of India had been under pressure from business leaders and the government to cut interest rates to give a further boost to the ailing economy, which grew at just 5.5 percent on year in the quarter to June.

Greece's international creditors no longer believe Athens can achieve its financial objectives, especially a reduction in its debt burden, the German business newspaper Handelsblatt reported.

"til now, creditors worked on the principle that Greece would achieve a sustainable level of indebtedness by 2020. This goal is no longer achievable," the newspaper said, citing sources close to the so-called troika of creditors -- the International Monetary Fd, the European ion and the European Central Bank.

Greece needs a two-year extension from its international creditors to meet fiscal pledges, and a liquidity boost from the European Central Bank, said Prime Minister Antonis Samaras.

In a Washington Post interview appearing in Greece on Saturday, Samaras said the recession-hit country was determined to adopt a new austerity package worth 11.7 billion euros ($15 billion) to avoid leaving the eurozone.