The US Federal Reserve began a two-day policy meeting on Tuesday, with markets overwhelmingly expecting the third rate hike of the year as inflation mounts and the economy grows.

Oil prices rose Tuesday on global supply concerns following US sanctions on Iran's oil exports, with benchmark Brent surging to a four-year high, then retraced gains to settle just slightly higher after US President Donald Trump called again on Opec to boost crude output.

Leading internet search engine Google will acknowledge that it has made "mistakes" on privacy issues in testimony an executive of the Alphabet Inc unit will deliver to a US Senate committee on Wednesday, according to a document reviewed by Reuters.

A subsidiary of Sasseur Reit is being sued in China over a disagreement of the final construction sum payable in respect of Sasseur (Hefei) outlets which was completed in May 2016.

Mainboard-listed Sapphire Corporation Ltd, an integrated infrastructure design and construction group in China, has secured a 64 million yuan (S$12.7 million) contract for the design, engineering and construction work related to the upgrading of a water treatment facility in Chengdu, China.

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