Oil prices rose in Asia Tuesday in response to better-than-expected Chinese manufacturing data and after the United States said it had led bombing raids against jihadists in crude producer Syria, analysts said.

U.S. benchmark West Texas Intermediate for November delivery rose 40 cents to $91.27 while Brent crude for November also gained 30 cents to $97.27 in afternoon trade.

Global oil prices fell Monday on the back of the strong dollar and plentiful supplies, on the eve of key manufacturing data from China, the world's top energy consumer.

Brent North Sea crude for delivery in November slid 72 cents to stand at $97.67 a barrel in London deals.

Japan should raise sales taxes again next year despite wobbles in the economy caused by the first rise, and the central bank should cushion the blow with more easy money, the OECD said Monday.

The Bank of Japan must do more "beyond 2015" to support the world's number three economy, said Rintaro Tamaki, deputy secretary general of the Organisation for Economic Co-operation and Development (OECD).

Bosch announced Monday it was buying out fellow German conglomerate Siemens from their home appliance joint venture for 3 billion euros ($3.9 billion).

Siemens said it was selling its 50 percent stake in BSH Bosch und Siemens Hausgerate GmbH to focus on its core businesses, including energy, and announced at the same time it was to acquire Dresser-Rand, the U.S. manufacturer of turbines and compressors.

French flag carrier Air France on Monday offered to freeze the expansion of its low-cost operation in a bid to end the longest strike at the airline since 1998.

As the strike entered its second week, management said it would halt the development of its leisure subsidiary Transavia until December, unions said, raising hopes of an end to the crisis.

Moody's maintained its negative rating on France on Friday but -- despite earlier reports -- did not deal the struggling economy a downgrade.

Moody's kept its Aa1 overall rating for the country's debt, but warned of significant risks in the government's efforts at restructuring to deal with its heavy fiscal challenges.

The dollar advanced Friday against other major currencies, while the British pound retreated despite Scotland's vote against breaking from the United Kingdom.

The greenback hit a 14-month high against the euro, as "the coast was clearer for markets to focus on U.S. optimism and expectations for Fed rate hikes in 2015" following the Scottish vote, said Joe Manimbo, senior market analyst at Western Union Business Solutions.

Finance chiefs from G20 nations held talks Saturday, confident they can "change the destiny of the global economy" despite rising world political tensions and mounting fears of financial instability.

The meeting in Cairns aims to thrash out a set of policies to achieve the ambitious goal of raising the total GDP of the 20 major world economies by two percent over the next five years, a target they set in Sydney in February.

U.S. Treasury Secretary Jack Lew on Friday urged greater efforts to spur global growth as the head of the World Bank bemoaned a disappointing year and warned of downside risks ahead.

Lew called for more focus on investment and infrastructure to help create jobs in comments ahead of this weekend's meeting of G20 finance ministers and central bankers in the northern Australian city of Cairns.

The United States and Australia said Friday they were encouraged by progress on rules to reduce the problem of "too-big-to-fail" banks as part of efforts to improve stability after the global financial crisis.

U.S. Treasury Secretary Jack Lew welcomed the "emerging consensus" on discussions at the international watchdog, the Financial Stability Board, over capital buffers for the world's biggest banks.