AGP Executive Report
Last update: 12 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.
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