AGP Executive Report
Last update: 3 hours agoFX Shock in Asia: Japan and the US confirmed a rare coordinated yen-buying intervention after the currency hit 40-year lows, with both sides warning they could act again; the dollar slid sharply as traders recalibrated carry-trade risk. India Growth Watch: HSBC’s India manufacturing PMI stayed in expansion at 53.5 in July, with export orders supporting output even as hiring cooled. Banking & Credit: India’s bank credit growth held robust at 18.6% YoY in June, led by retail lending and momentum in NBFC and services credit. Cyber Risk: IBM said India’s average data breach cost hit a record Rs 25.5 crore in 2026, with a growing share of attacks AI-generated. Banking Regulation: Equitas Small Finance Bank is taking a cautious approach toward a universal bank license after RBI returned peers’ applications. Corporate Moves: KKR-backed LEAP India set an IPO price band of ₹151–₹159, targeting about ₹2,480 crore. M&A in the Philippines: Holcim agreed to exit the Philippines by selling to China’s Huaxin in a deal worth about $807m. ASEAN Security Framing: Malaysia urged that Indo-Pacific security dialogue must stay anchored in ASEAN’s “zone of peace” principles.
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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