KKR to take 'significant stake' in V3 with up to S$500m investment. KKR will invest up to S$500 million in V3, valuing V3 at an enterprise value of about S$1.7 billion.

Thomson Reuters Corp. plans to shed 3,200 jobs over the next two years as part of a pivot toward providing software services over producing content. Thomson Reuters, which provides tools for corporate, legal and tax professionals and operates Reuters News, said Tuesday it would reduce its global staff by about 12% from current levels and its global office footprint by 30% by 2020. The planned head count would bring its staff to 23,800 from 27,000 currently.

FAANG stocks shed $140 billion in Tuesday's market rout. The tech-heavy Nasdaq Composite index fell nearly 4 percent, with tech stocks like Apple, Amazon, Alphabet and Facebook weighing most heavily.

Uber's India business has topped $1.6 billion in annualized bookings, according to internal email. India marks Uber's last stand in Asia. The San Francisco-based company spent billions of dollars building its business across the region, before ultimately consolidating with local players. The company doubled its engineering team as of the third quarter and plans to double again next year in its two big hubs of Bangalore and Hyderabad.

Hyflux has got its third extension on creditor’s deadline to find a buyer for its loss making Tuaspring water and power plant, the cash-strapped water company said on Tuesday. Major lender Malayan Banking (Maybank), which is Tuaspring's only secured creditor, has agreed to push back the deadline to Dec 28, from Nov 29 previously.

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