AGP Executive Report
Last update: 10 hours ago| M&A & Corporate Reshuffle: Bureau Veritas is in exclusive talks to sell its Oil & Petrochemicals and Coal testing and inspection unit as part of its LEAP | 28 portfolio rotation, with the business bringing about EUR 450m revenue in 2025. Markets & Policy: The US Supreme Court ruling keeps Fed governor Lisa Cook in place for now but expands presidential power over other independent agencies, raising fresh questions for central-bank independence and global markets. UK Cost-of-Living vs Growth: UK GDP grew 0.6% in Q1, but real household disposable income per head fell 0.8%, with saving rates dropping—another reminder that growth isn’t translating into living standards. Energy & Inflation Watch: US Strategic Petroleum Reserve crude fell to 325.7m barrels, the lowest since 1983, as the US prepares releases tied to global inventory gaps. Asia Tech & FX: Korea’s won slid further as foreigners kept selling local stocks, while China shares rose on stronger factory activity and AI/semiconductor demand. Trade & Industry Moves: Malaysia’s Liftech targets expansion in semiconductors, aerospace and data centres after its ACE Market debut, while MATRADE says Malaysia secured RM160m export prospects at Korea’s Import Expo. Local Business Impact: In KZN, five youths were arrested after a tuck shop burglary and property damage, as police urged marchers to avoid violence. |
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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