AGP Executive Report
Last update: 11 hours agoBanking Results: Absa’s Q1 profit fell for the first time since 2017 as rate cuts squeezed revenue, with net interest income and FX trading income both down. Corporate Finance: Express Kenya filed a notice for a rights issue that could raise up to Sh250m, pending regulators. Crypto & Payments: Coinbase is back in India with rupee deposits/withdrawals and spot trading, while the RBI is exploring wider digital rupee use for welfare payments and cross-border pilots. Market Infrastructure & Trading: Kraken is moving toward CFTC-regulated Bitcoin perpetuals in the US, intensifying competition with Coinbase and Kalshi; MEXC launched “RealStocks” letting users buy real NYSE/NASDAQ shares using USDT. Big Tech Funding: Reuters highlights Big Tech’s record corporate bond issuance outside the US to fund AI data centers and hedge currency risk. Equities Watch: Nvidia shares slid after earnings despite a new AI PC push; Samsung hit a new market-cap milestone above 2 quadrillion won. Macro/Geopolitics: Oil prices jumped again amid Iran-related uncertainty, keeping markets focused on the Strait of Hormuz. India-US Trade: Four-day talks in New Delhi aim to finalize an interim trade pact and advance the broader BTA.
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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