AGP Executive Report
Last update: 10 hours agoMarket Volatility: Global shares fell as oil topped $110 a barrel and investors weighed AI valuations, French unrest and coming earnings. South Korea’s Kospi dropped 3.7%, while Wall Street’s tech-led rebound offered little relief elsewhere. Banking & Payments: A Google Cloud outage in London disrupted services at Revolut, Lloyds and HSBC, underscoring the risks of reliance on shared digital infrastructure. Malaysia’s Bank Muamalat launched a Shariah-compliant credit card with a 14% annual profit rate and no compounding. Capital Markets: Mynt, parent of Philippine e-wallet GCash, began public trading as President Ferdinand Marcos pledged reforms to attract investors and broaden market participation. Regional Finance: APEC finance ministers opened talks in Hong Kong on fiscal support, digital infrastructure funding and inclusive finance. Lender Results: India’s Piramal Finance reported a 67% rise in quarterly net profit to ₹545 crore, supported by core income growth and lower costs.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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