Reuters – TOKYO (Reuters) – Tokyo stocks fell 3.6 percent on Tuesday, their worst daily drop in three months, after the Bank of Japan’s emergency moves the day before failed to curb the yen’s strength and disheartened investors bailed out of the market.

AFP – WELLINGTON (AFP) – New Zealand launched a near-1.8 billion dollar (1.26 billion US) bailout Tuesday after one of the country’s largest non-bank lenders collapsed with massive debts.

AFP – TOKYO (AFP) – After a two-month delay, struggling Japan Airlines was to announce on Tuesday details of a rehabilitation plan that will see thousands of job cuts as well as route closures and debt waivers.

AFP – MOSCOW (AFP) – Lukoil, the second-biggest Russian oil producer, reported on Tuesday a 24.0-percent rise in first-half net profit to 4.0 billion dollars.

The Canadian Press – MOSCOW – Lukoil, Russia’s second-largest oil producer, said Tuesday its second-quarter net profit dropped 16 per cent from a year ago to US$1.9 billion due to a rise in export duties and cost inflation.

The Canadian Press – LONDON – British bank HSBC Holdings PLC said Tuesday it has sold its last U.S. auto finance businesses to Spain’s Santander for about US$3.56 billion in cash, completing its exit from a market that cost it billions during the financial crisis.