AGP Executive Report
Last update: 10 hours agoMarkets & AI Spending: Meta’s third-quarter revenue rose 26% to $64.6 billion, but plans for heavy AI investment rattled investors: its shares fell 7.5% after hours as US stocks slid. Monetary Policy: Türkiye’s central bank cut its benchmark rate by one percentage point to 36%, resuming easing as inflation cooled. Investor Protection: The UAE’s Capital Market Authority is reviewing AIX Financial Consultations after reports of delayed or missed payouts; an investor separately alleges an AIX affiliate failed to make interest payments. Growth Capital: Canada announced a $1.75 billion venture and growth capital plan to attract private investment and help domestic companies scale. Banking: Bank of Sharjah reported a 28.5% rise in nine-month net profit to AED 558 million, while Jammu and Kashmir Bank’s second-quarter profit climbed 10.6% year over year to Rs 546 crore. Regional Cooperation: APEC finance ministers adopted a joint statement and backed work on digital infrastructure financing and broader financial access.
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