AGP Executive Report
Last update: 10 hours agoIPO Setback: Firmus canceled its planned A$43 billion listing after investors balked, and is now seeking private capital for its data-centre expansion. Deals & Markets: Airtel Money began trading in London after an IPO valuing it at about £5.3 billion; Viatris agreed to acquire Pacira BioSciences for $1.65 billion to expand its pain-treatment business. Economic Outlook: UNCTAD expects global growth to slow to 2.6% in 2026 from 2.9% last year, citing the Middle East energy shock. It forecasts trade growth of 4%, while warning that the AI boom brings financial risks. Jobs & Small Business: Australian small-business hiring rose 0.8% in September after three months of near-flat headcounts, but wage growth cooled as employers focused on retaining staff. SME Finance: NeoGrowth raised Rs 85 crore from existing investors FMO and LeapFrog to expand lending to small businesses in India.
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