AGP Executive Report
Last update: an hour agoSri Lanka Insurance Deal: Janashakthi PLC (JXG) agreed to buy Continental Insurance Lanka in tranches, starting with an 81% stake for over Rs. 5.14b, aiming to re-enter and expand general insurance. Japan Growth Watch: Japan’s April-June GDP came in weaker than expected (0.3% q/q; 1.1% annualized), with softer private consumption and rising cost pressures. AI Hardware Demand: FMS coverage points to sustained DRAM and HBM growth as generative and agentic workloads scale, with server DRAM still the biggest demand driver. Nigeria Telecoms Labor: ATCON marked 25 years of GSM-led telecom expansion, spotlighting the workforce behind network buildout and upgrades. China Food Trend: China’s burger market is heating up as budget diners shift toward value, with chains expanding rapidly. Crypto Policy Push: The US administration is set to coordinate with industry as Congress stalls on the CLARITY Act, with major crypto and prediction-market CEOs expected at a White House meeting. Market Microstructure: FMDQ reported FX turnover fell 44.9% WoW to about $2.05b, while derivatives rose on hedging activity. Europe Heat Risk: A growing protection gap is highlighted as heatwaves cut hospitality output and payouts lag losses. Australia Rates/Stocks: ASX sentiment remains tied to interest-rate sensitivity while earnings season tests whether results can offset softer household demand. New Zealand Wages: Wage growth dipped below zero, widening the cost-of-living squeeze for Kiwi workers. Outdoor Media M&A: oOh!media posted subdued results but expects ad momentum into December as I Squared Capital moves to take it over. US MediaCo Losses: MediaCo’s revenue rose, but net loss widened as adjusted EBITDA shrank, underscoring pressure in monetization.
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