AGP Executive Report
Last update: 9 hours agoIndia Growth Beat: India’s April-June GDP rose 7.8% y/y, led by services and a manufacturing upside, easing fears that the West Asia shock would derail momentum. Markets & Energy: Asia trade stayed choppy as oil jumped after US strikes near the Strait of Hormuz and Fed rate-hike expectations kept yields elevated. SCO Diplomacy: Modi met Putin and Pezeshkian in Bishkek, pushing dialogue on West Asia and Ukraine while India and Russia also discussed maritime safety for Indian seafarers. China-Russia Close Ties: Xi and Putin used the SCO setting to deepen cooperation across energy, industry and logistics. ASEAN-Plus Security: Indonesia kicked off “Super Garuda Shield” drills with the US and allies, while keeping its “free and active” balancing act between Washington and Beijing. Stablecoin Push: OSL reported a surge in B2B stablecoin payment volumes, signaling faster cross-border settlement as regulation firms up. Tech & Industry: Airbus awarded Mahindra Aerostructures an A320 fuselage skin contract; NVIDIA and MediaTek expanded AI chip partnership. Currency Watch: The Philippine peso stayed Asia’s weakest link despite BSP tightening, with analysts citing external pressures. Policy & Trade: UAE-India ties deepen under CEPA, with both aiming to double trade by 2032.
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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