AGP Executive Report
Last update: 9 hours agoUS Markets & Oil: Wall Street slid as Treasury yields climbed; S&P 500 fell 0.8% and oil stayed elevated amid stalled talks over the Strait of Hormuz. Fuel-Economy Policy: The Trump administration finalized sharply weaker US fuel-economy rules, targeting about 34.9 mpg by 2031 (down from Biden-era 50.4), with automakers backing the move and critics warning of higher long-run costs and pollution. China Stimulus: China cut a key central-bank lending rate and added mortgage interest subsidies for first-time buyers, alongside broader support for infrastructure and tech upgrades. Banking & Credit: India’s bank credit growth hit a 26-month high at 19.5% YoY, led by faster lending to industry. Digital Fraud: Pakistan’s digital boom is being exploited by fake online stores and parcel-tracking scams; authorities report raids on illegal call centres. Energy Costs: Jordan’s NEPCO warned higher global oil prices are pushing up electricity generation costs as fuel mix shifts. Local Growth: New Zealand forecasts smaller deficits and stronger growth, while South Africa lost 14,000 formal jobs between March and June. Trade & Logistics: Russia and ASEAN approved a trade and investment cooperation program to 2035, aiming to lift trade turnover to $45bn. Business Travel: A GBTA study says business travel spending in 25 cities supported 1.4M jobs and $93bn in local GDP.
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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