AGP Executive Report
Last update: 3 hours agoRates & Markets: Australia lifted its cash rate to its highest level since the 2008 financial crisis, as investors also weighed mounting concerns over the cost of the AI boom. Oracle is seeking $20 billion from investors to fund its expansion, while Applied Digital still faces an 800-megawatt financing gap. Banking & Security: South Korea’s financial watchdog warned that CEOs and senior managers could face sanctions over hacking failures, with fines of up to 3% of revenue proposed. Singapore-based MoneySmart said an unauthorised party copied some customers’ personal data in Singapore and Hong Kong. Bank Finance: IFC and EBRD are investing a combined $200 million in Banque du Caire’s IPO to support lending to Egyptian businesses and households. Energy Finance: Neoen secured A$1.8 billion from 13 lenders for five Australian wind, solar and battery projects with 1.2 gigawatts of capacity.
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