AGP Executive Report
Last update: 9 hours agoNvidia Transition: Jensen Huang has resigned as CEO, with longtime finance chief Colette Kress taking over on an interim basis as the board searches for a successor. Nvidia shares fell sharply after the announcement. India’s Lending Rules: The Reserve Bank of India is weighing limits on private equity firms controlling more than one non-bank lender, aiming to contain the risk of financial stress spreading across firms. Climate Finance: Barbados Prime Minister Mia Mottley says global lending rules can push disaster-vulnerable countries deeper into poverty by raising borrowing costs when they are most exposed. A new Los Angeles recovery-finance plan also targets gaps that leave households and small businesses struggling to rebuild after wildfires. Sri Lanka’s Budget: The government plans to lift public investment to 2 trillion rupees in 2027, while the fiscal deficit widens to 4.5% of GDP. Türkiye’s Credit: The central bank has raised growth limits for selected consumer, SME and corporate loans, seeking to support lending while maintaining financial stability.
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