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Iran said on Tuesday it was ready for "straight talks" with Saudi Arabia over contentious issues that have kept the rival Gulf powers at loggerheads for more than three decades.

Japanese Prime Minister Shinzo Abe on Tuesday condemned as "unacceptable" the threat to the lives of two Japanese purportedly taken captive by Islamic State militants, and said the international community should not give in to terrorism.

Shake Shack Inc, a burger chain that grew out of a hot dog stand in New York's Madison Square Park, said it expected its initial public offering to be priced at $14-$16 per share, valuing the company at up to $568 million.