China Vows Not to Fire Tariff Shot Ahead of U.S. in Trade War. A statement issued by the China’s State Council on June 16 said that retaliatory extra duties on $34 billion of U.S. imports are set to take effect on July 6.

Trump demands that OPEC do more to stabilize oil markets and 'reduce pricing now'. Mapletree Logistics Trust to acquire 5 more Singapore properties for S$778.3m. The properties comprise five ramp-up warehouses located in the western part of Singapore with a total gross floor area of around 3.2 million square feet, and a weighted average age of 4.8 years.

Battery maker GP Industries sells land in China for 266m yuan. The land and buildings are currently used by the group as a factory and a warehouse for the manufacturing of acoustic and electronic products and a dormitory for its employees.

Midas board flags suspicion with rubber seal and signatures in loan-guarantee documents. An alleged board resolution that had been used to provide liability guarantees for 400 million yuan (S$82.3 million) in loans was sealed with a rubber seal meant for parcel deliveries, and not with the company's common seal.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research