AGP Executive Report
Last update: 6 hours agoMarkets: Tech shares fell as investors questioned debt-heavy AI financing amid higher borrowing costs; buyers turned to bonds, sending the 10-year Treasury yield down 14 basis points to 5.05%. Infrastructure Finance: Malaysia says data-centre operators must fund transmission upgrades needed for their power demand, rather than shift the cost to other electricity users. Institutional Investment: Malaysia’s KWAP plans to deploy RM750 million progressively in student housing projects, subject to due diligence and commercial review. IPO Watch: Anthropic told investors quarterly revenue rose 50% to $16.8 billion ahead of a planned listing, while Reliance Jio set a price band for its much-anticipated IPO. Banking Deals: Fairfax’s proposed IDBI Bank stake purchase could bring fresh foreign capital, though questions remain over control and benefits for minority shareholders.
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