With US-South Korean military drills back on the table and the cancelation of a top level summit in Pyongyang, Washington is toughening its stance as it negotiates with North Korea.

The United States this week blocked the reappointment of a judge at the World Trade Organization, increasing the risk that the global body could soon find itself unable to fulfil its key role in arbitrating trade disputes.

Ghana and Britain on Tuesday signed a £20 million (S$35.5 million) trade and investment agreement to create jobs and promote economic development in the west African nation, the Ghanaian presidency said.

mm2 Asia's 51-per cent-owned subsidiary Vividthree Holdings (VVH) has entered into a restructuring agreement with mm2 Entertainment and four individual shareholders of Vividthree Productions (VVP) for the acquisition of the entire capital of VVP for S$50,000.

Capitaland's group chief investment officer Lee Chee Koon will helm the property giant starting Sept 15, taking over from current president group chief executive Lim Ming Yan who gave notice to retire earlier this year in June.

Singapore and Hong Kong buyers have scooped up more than 20 out of 250 units at "well over S$3,000 per square foot" at 8 St Thomas in a private preview over the weekend, developer Bukit Sembawang Estates said in a statement on Tuesday.

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