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Finance & Markets

Melbourne councils admit they will not cope with planned population growth

Melbourne’s population has already expanded by around 2 million people (roughly 57%) this century, from around 3.5 million in 2000 to 5.5 million currently. This rapid growth has been highly problematic, creating intense pressure on infrastructure and services. Victoria’s per capita economic growth and productivity have also lagged the nation’s significantly. The state is drowning The post…

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UBS opens institutional fund strategies to Asia’s wealthy – with US$5 million buy-in

The Swiss bank is wooing family offices and the ultra-rich with exclusive strategies and deeper portfolio analytics

  • UBS launches Exclusive Manager Access Fund Program for Asia's wealthy with US$5M minimum investment.
  • Program debuts in Singapore and Hong Kong, expanding to Taiwan and other Asian markets.
  • Managers gain flexibility to express high-conviction views while adhering to risk controls.

Bank of Korea Stops Publishing FX Reserve Ranking

The Bank of Korea has stopped disclosing South Korea’s global ranking in foreign exchange reserves, which it had published since 2001, without any meaningful prior explanation.

  • Bank of Korea discontinues publishing South Korea's global FX reserve ranking.
  • Move criticized for contradicting central bank's communication principles.
  • Ranking removed amidst volatile exchange rate and gold price fluctuations.

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