AGP Executive Report
Last update: 3 hours agoRates and Inflation: Australia’s central bank lifted its cash rate by a quarter-point to 4.85%, an 18-year high, as inflation hit 4.3% and is expected to stay above target into 2027. Trade Risks: South Africa and Rwanda are set to lose US duty-free access from January, putting thousands of jobs at risk; Cosatu is urging urgent talks to protect vulnerable industries. Tech and Trade: Nvidia is reportedly requiring cloud partners on future contracts to direct at least 51% of services to non-Chinese customers, underscoring the stakes in the US-China AI race. Markets: Asian stocks were mixed as investors remained wary of tech shares, while New Zealand’s benchmark edged higher amid optimism over AI infrastructure investment. Business Deals: Arla Foods and DMK Group are preparing their first joint trade-show appearance since merging, as the dairy cooperatives tout new opportunities in ingredients.
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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