Japan retained its view of a modest recovery in the world's third-biggest economy, but upgraded its assessment of corporate earnings for the first time since March 2022 even as it warned of risks to growth from a global slowdown and volatile markets.

Profits at China's industrial firms extended a double-digit drop for the first eight months, but the pace of declines eased slightly as a flurry of policy support steps has started to stabilise parts of the stuttering economy.

United Parcel Service said on Tuesday it would hire more than 100,000 seasonal workers to handle the 2023 holiday rush, a similar number of employees it hired a year earlier during the same period.

U.S. new-vehicle sales are set to rise in September from a year ago, helped by sustained demand, according to Cox Automotive.

U.S. consumer confidence dropped to a four-month low in September, weighed down by persistent worries about higher prices and rising fears of a recession, though households remained generally upbeat about the labor market.

Reforming the World Bank's approach to risk could unlock nearly $190 billion in additional urgently needed lending for developing countries without jeopardizing its AAA credit rating, a study commissioned by the Rockefeller Foundation found.