AGP Executive Report
Last update: 4 hours agoU.S. Voters: The economy and democracy topped midterm concerns, with about three-quarters of voters describing the economy as poor or “not so good,” and many focused on prices for food and fuel. Australia: The Reserve Bank raised rates for a fifth time this year, taking them to an 18-year high. HSBC economist Paul Bloxham warned of more tough quarters and a risk of recession. China: The central bank will raise foreign-currency reserve requirements from 4% to 6% on Nov. 15, aiming to curb yuan appreciation and steady market expectations. Sri Lanka: Former central bank deputy governor W.A. Wijewardena urged the government to ease its tax drive, saying households are squeezed by income taxes, VAT and inflation as public services deteriorate. Pakistan: The central bank launched a 16-week Mojaloop accelerator to build local fintech capacity and expand digital payment access. Manufacturing: Nigeria’s manufacturers unveiled a financing programme for solar, battery storage and other power solutions, as energy challenges consume about 40% of factory profits.
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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