AGP Executive Report
Last update: 11 hours agoUS-India Trade Tensions: The USTR put India under a fresh Section 301 probe, saying it hasn’t effectively blocked forced-labour imports—opening the door to possible US duties or trade actions. FX Watch: The rupee slid 28 paise to 95.64 per dollar as traders weighed the tariff risk and broader geopolitical stress. Markets Volatility: India’s Sensex and Nifty fell more than 1% amid US-Iran flare-ups and higher oil, while Korea Exchange sidecar triggers hit the highest level since 2008, underscoring rising trading stress. Banking/Insurance Oversight: Auditors flagged financial reporting and governance breaches at multiple non-life insurers, including unverifiable deposits and overstated values. Capital Markets Reform: Vietnam fast-tracked capital market changes to improve foreign access, with stock market cap around $410bn by mid-May. Corporate/Investing Notes: PGIM restated NAVs for three bond ETFs after an administrator calculation error. Trade Deals: Canada outlined recommendations to renew the USMCA and push parallel sectoral tariff talks.
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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