Bloomberg UBS Group AG posted better-than-expected third-quarter profit and set aside $1.5 billion for share buybacks next year as Chief Executive Officer Sergio Ermotti prepares to hand over to Ralph Hamers. The Zurich-based wealth manager — the world’s largest — followed US banks in reporting earnings that benefited from increased market volatility and higher transaction-based income. It also unexpectedly saw …

Bloomberg Bank of Thailand’s new governor said he’s looking into new measures to boost the economy as it faces a long and uneven road to recovery from the coronavirus pandemic. The policy response to the economic crisis should be long term, factoring in challenges likely to arise over the next two years, Governor Sethaput Suthiwart-Narueput told reporters at his first …

Bloomberg Australia’s central bank (RBA) said further policy easing is likely to “gain more traction” as restrictions are lifted across the economy and agreed the governor would flag the shift to targeting actual over forecast inflation. “As the economy opens up, members considered it reasonable to expect that further monetary easing would gain more traction than had been the case …