AGP Executive Report
Last update: 7 hours agoWealth Management Shift in Monaco: CFM Indosuez says Monaco is drawing fewer mobile clients than rivals like Dubai and Switzerland, but the newcomers are “greater fortunes,” including families moving away from the UK and seeking long-term political and financial stability. Mining & Jobs in Australia: Latrobe Magnesium has paused its Morwell magnesium smelter plan, citing unresolved state “trailing liability” mine-rehabilitation costs, while prioritising a larger US plant backed by incentives. Shipbuilding Watchlist (ASX): Austal shares eased as the broader market dipped, even as the company continues expanding defence shipbuilding workload in Western Australia and runs a major recruitment push. Vanuatu Ferry Tragedy: Questions are mounting after the MV Matui sank off Vanuatu, with at least two deaths and more than 30 still missing; police say authorities were told the vessel was missing about 22 hours after it was believed to have sunk. Pacific Regional Policy: Pacific Islands Forum leaders met in Palau for the first time in 12 years, with a focus on a “complex and challenging strategic environment,” including responses to a recent ballistic missile test. GoldQuest CFO Appointment: GoldQuest Mining Corp. appointed Dennis Kwong as CFO, effective 15 September, bringing extensive mining finance and capital markets experience.
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