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INDIA TOP NEWS • RBI move boosts Indian banks' lending ability by up to $42 billion - sources The Reserve Bank of India estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35 billion to $42 billion) over the next year after it decided to relax a deadline for lenders to boost capital ratios, two sources aware of discussions on the matter said on Tuesday.
• U.S. court allows generic version of Indivior opioid abuse drug A U.S. appeals court on Tuesday allowed generic drug company Dr. Reddy's Laboratories to sell a copycat version of the Indivior opioid treatment Suboxone Film, sending Indivior's stock price down more than 40 percent.
GLOBAL TOP NEWS • Japan prosecutors weigh bringing case against Nissan after Ghosn arrest -Asahi Japanese prosecutors are considering bringing a case against Nissan Motor after Chairman Carlos Ghosn's arrest on suspicion of financial misconduct, the Asahi Shimbun daily said.
• Britain's May seeks to cut deal on future EU ties in Brussels British Prime Minister Theresa May arrives in Brussels to attempt to agree a blueprint of Britain's post-Brexit ties with the European Union, which the bloc's diplomats said was being held up by disagreements over Gibraltar, fisheries and trade.
• Trump stands by Saudi prince despite journalist Khashoggi's murder President Donald Trump vowed on Tuesday to remain a "steadfast partner" of Saudi Arabia despite saying that Saudi Crown Prince Mohammed bin Salman may have known about the plan to murder dissident journalist Jamal Khashoggi last month.
LOCAL MARKETS OUTLOOK • SGX Nifty nearest-month futures were trading 0.08 percent lower at 10,661.00, from its previous close.
GLOBAL MARKETS • U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl's sank after weak earnings and forecasts, fueling worries about economic growth.
• Asian stocks fell, weighed by a renewed bout of selling on Wall Street, and crude oil struggled after a sharp slide as economic growth concerns gripped global markets.
• The dollar firmed against its major peers, extending overnight gains as investors shunned riskier assets in favour of safe haven currencies on heightened concerns about slowing global growth and the U.S.-Sino trade war.