AGP Executive Report
Last update: 2 hours agoCompany Results: Mainfreight shares climbed more than 5% after the freight operator reported first-half net profit up 66% to NZ$155.4 million. Capital Raising: India’s Bajaj Finance launched a share sale of more than $1 billion to institutional investors, seeking funds to expand amid strong credit demand. Bank Governance: South Korea’s government and ruling party proposed tougher CEO reappointment rules for financial holding companies, including independent-only nomination committees and clawbacks on performance pay. Climate Finance: COP31 talks put funding needs in focus, with the UN chief calling for $1.3 trillion a year for developing countries; the EIB pledged €30 billion for climate adaptation. Cybersecurity: South Korea’s Financial Security Institute said a breach exposed about 850 records linked to 48 financial firms, renewing scrutiny of its safeguards. Disaster Funding: The ADB approved $500 million in contingent financing to help Pakistan respond to natural disasters.
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