AGP Executive Report
Last update: 4 hours agoMarkets: Asian stocks tumbled as the tech sell-off deepened: South Korea’s Kospi fell nearly 8% and Japan’s Nikkei dropped 5%, with chipmakers hit after hotter US inflation data. India: The IMF raised its 2026 growth forecast to 7% and expects India to overtake Japan as the world’s fourth-largest economy in 2027. Fairfax is set to buy a 60.72% stake in IDBI Bank for ₹52,878 crore, in a landmark foreign investment in India’s financial sector. Energy and rates: Malaysia’s central bank says it has room to raise rates if inflation worsens, as Middle East supply disruptions push up fuel and electricity costs. Regional business: Singapore-based Parallel Loop launched with US$6.6 million in seed funding to help companies scale AI adoption, while Anthropic opened a Singapore office and agreed to work with the government on AI safety.
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.
Perspectify News
