AGP Executive Report
Last update: 7 hours agoInterest Rates: The Federal Reserve held rates steady amid inflation concerns, leaving borrowers and savers watching for clues on the next move. UK Savings and Taxes: The Budget kept the annual cash ISA allowance at £20,000, but raised taxes on savings interest from April. A new bank-profit surcharge has also prompted concern that lenders could trim savings rates. Household Finances: A survey found 66% of Americans used credit cards for groceries in the past year, while 29% borrowed monthly to make ends meet—a sign everyday costs are becoming harder to cover. African Markets: Dangote Refinery closed its $1.6 billion IPO after attracting investors from 119 countries, with proceeds set to support plans to double capacity by 2029. First Abu Dhabi Bank reported nine-month profit up 3%, with operating income rising 7%.
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