Major terror drill today

The Singapore Police Force and other departments of the Home Team will hold a major annual exercise on dealing with terrorist attacks in Singapore today. Under Exercise Heartbeat this year, the agencies will practise responding to five scenarios, including a shooting rampage, a bomb explosion and a chemical agent attack. The exercise will take place from 9am to 12.30pm at One Marina Boulevard and Esplanade Park.

Minutes of key Fed meeting out today

The United States Federal Open Market Committee (FOMC) will publish today the minutes of its October policy meeting, which will be scrutinised by analysts for clues over the timing of an anticipated rise in interest rates. At the October session, FOMC officials signalled they favoured a rate hike in December if labour market conditions continued to strengthen and they see inflation heading towards the 2 per cent target.

Apec summit starts today

World leaders, including United States President Barack Obama and his Chinese counterpart Xi Jinping, meet today in Manila for the Asia-Pacific Economic Cooperation (Apec) summit. While Mr Obama comes with the Trans-Pacific Partnership pact in his pocket, Chinese President Xi Jinping will probably use the two-day Apec summit to again set out his country's commitment to development and trade in the region.