AGP Executive Report
Last update: 10 hours agoCourt Ruling: St. Maarten’s court ordered Flow to lift conservatory attachments on TELEM’s frozen bank accounts, saying the freeze crippled the telecom’s operations while a Cg. 1.24m dispute remains unresolved. Markets & FX: Korea’s won slid further as foreigners sold over ₩700bn of local shares, even as tech stocks rebounded; investors also watched US-Iran talks for risk cues. Semiconductors: S&P Global said Samsung and SK hynix have enough financial flexibility to accelerate Yongin investment, with only a modest near-term capex uptick expected. Crypto Derivatives: Global exchanges are repackaging Korean chip stocks into high-leverage perpetual futures, including KOSPI-linked products, as crypto volumes cool. Energy & Oil: US Strategic Petroleum Reserve crude fell to the lowest since 1983 as releases aim to close global inventory gaps after the Iran war. Banking & Finance Deals: Saudi’s Bidaya Finance renewed an $80m shariah-compliant loan facility with Al Jazira Bank; Great Eastern Financial Advisers won approval to advise on securities and structured deposits via Bank of Singapore. Capital Markets: OYO parent Prism filed updated papers for a ₹6,650 crore IPO with a fresh issue only; Momenta opened HK IPO subscriptions with cornerstone investors including GIC and BlackRock. Policy & Tax: Nigeria’s customs kicked off sensitisation for the Green Tax Surcharge ahead of July 1, targeting cleaner-vehicle imports and emissions cuts.
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