US revokes visas for Saudis involved in Khashoggi killing. The United States announced on Tuesday that it was revoking visas of nearly two dozen Saudi officials involved in the killing of journalist Jamal Khashoggi, in the toughest action to date against its longtime ally. Secretary of State Mike Pompeo said the United States has "identified at least some of the individuals" behind the death of the Washington Post opinion writer in Saudi Arabia's Istanbul consulate.

Oil slumps 5% as global equities tumble, Saudi supply assurances. Oil prices plunged about 5 per cent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of US sanctions on Iran. Brent crude futures fell 4.3 per cent, or US$3.39, to settle at US$76.44 a barrel after plunging 5 per cent to US$75.88, the lowest since Sept 7.

Singtel to invest US$250m in Airtel Africa; funding round includes Temasek, Warburg Pincus, Softbank. Singtel will invest US$250 million in Airtel Africa Ltd in an effort to tap the continent's burgeoning use of mobile money and mobile wallets. The investment forms part of US$1.25 billion in global funding which the African telco has secured from international investors, which includes Singapore investment firm Temasek Holdings, American private equity firm Warburg Pincus and Softbank Group International.

SHS unit racking up damages over delay in Bangladesh solar power project. The delay in delivering a solar power project in Bangladesh has led an SHS Holdings subsidiary to default on key agreements, the board of directors said on Tuesday. HDFC SinPower could accrue up to US$912,500 in liquidated damages over its failure to complete a 50- megawatt plant by Apr 18, under agreements with the Bangladesh Power Development Board (BPDB) and the Ministry of Power, Energy and Mineral Resources.

Mapletree Industrial Trust to resume distribution reinvestment plan for Q2. This means unitholders can choose to receive their distributions declared in the form of units or cash or a combination of both, so they can buy new units without incurring additional transaction-related costs.

Temasek's first retail bond just over 8 times subscribed. The public offer of the up to S$200 million 5-year 2.7 per cent bond closed on Tuesday at 12 noon, and valid applications received totalled S$1.68 billion representing a subscription rate of just over eight times, Temasek said in a press release.

Trek 2000 board warns of expected Q3 loss. Trek 2000 International is expected to report losses for the three months and nine months to Sept 30, the board said in a profit warning on Tuesday. The group could sink into the red on lower sales revenue and a shrinking gross profit margin, said the board, citing a preliminary assessment of financial results that will be publicly released by Nov 7.

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