The White House announced that President Donald Trump will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year.

Electricity spot prices in India surged to a more than eight-year high because of lower quantum of traded power, higher demand amid a retreating monsoon. Prices touched ₹14.08 per unit for Tuesday on the India Energy Exchange (IEX). It was the highest since April 2010 when spot prices rose to ₹13.90 per unit. The all-time high for electricity in the spot market was ₹17 per unit in April 2009, according to IEX.

Developers in Singapore sold 616 private homes last month, down 64.3% month-on month and 50.6% year-on-year. The decline comes on the back of a double whammy of property cooling measures that took effect on July 6 and the Hungry Ghost Festival in August when some would avoid entering into property deals.

Singapore-listed equity offerings totalled US$3.8 billion so far this year, a 6.1 per cent increase in proceeds compared to the first nine months of 2017 – the strongest first nine-month period since 2014.

CapitaLand Limited has invested US$25.9 million for a 70 per cent share in Indonesian company Green Oak Hotel Management (GOHM), one of Indonesia's top five hotel operators. The Group also announced the acquisition of a portfolio of 16 multifamily properties in the United States for US$835 million. This marks the Group’s foray into the country’s multifamily asset class to ride on the growing demand for long-term rental housing.

China Everbright Water Ltd. has secured the Jiangsu Yangzhou Jiangdu Development Zone Industrial Waste Water Centralised Pre-treatment and Ancillary Pipeline Network Project which commands an investment of approximately RMB55 million.

Sembcorp Industries has signed a 20-year deal to supply solar power to support Facebook’s Singapore operations.

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