AGP Executive Report
Last update: 4 hours agoFed Watch: Markets extended their slide ahead of the US Federal Reserve’s expected rate hike, with US 10-year yields near the highest levels since 2007 and oil-driven inflation fears back in focus. Crypto Policy: The US Senate blocked a procedural step on the CLARITY Act, keeping stablecoin and crypto regulation in limbo; Bitcoin slipped and major crypto-linked stocks fell. Stablecoins & Banking Rules: US banks and crypto groups continue to clash over stablecoin rewards and safeguards as lawmakers weigh next moves. Payments Economics (India): India’s MDR on large-value UPI transactions was called a “very positive step” by MobiKwik’s co-founder, aiming to make the payments ecosystem sustainable while keeping person-to-person and small-ticket UPI free. Banking Sector (Australia): Australian bank shares softened as traders reworked how higher cash rates affect margins, credit growth, and mortgage demand. HSBC Wealth: HSBC expanded access for Singapore UHNW clients to private markets via its HSBC Access platform. Credit & Corporate Finance (India): CARE upgraded Shree Refrigerations’ ratings; Saatvik Green Energy won a ₹1,041.63 crore SECI module supply order; and GTPL Hathway completed its ACT Group cable TV acquisition for ₹35.55 crore.
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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