Finance

Americas

Pendo Systems name Ruth Wandhöfer, a globally recognized banking expert, to their Board of Directors

Pendo Systems is proud to announce that Ruth Wandhöfer, Global Head of Regulatory and Market Strategy at Citi, has joined their board. Ms. Wandhöfer is a banking regulatory expert and one of the foremost authorities on transaction banking regulatory matters. Her reputation has been built around her ability to drive regulatory and industry dialogue...

Implications of the money laundering law reform

The amendment to the money laundering law approved in the first debate requires accountants, lawyers and real estate agents to report suspicious transactions made by their clients.Bill 19.951 reforming the Law on Narcotic Drugs, Psychotropic Substances, Drugs of Unauthorized Use, Related Activities, Legalization of Capital and Financing of Terrorism...

Wall Street finishes flat ahead of earnings season, key US-China meeting

It was a fairly flat session on Wall Street overnight, as investors exercised caution ahead of the first-quarter earnings season and a meeting between the US and Chinese presidents later this week. Investors will be focussed on the potentially tense meeting between Donald Trump and Xi Jinping on Thursday and Friday, after Mr Trump held out the possibility...

GLC Advisors Strengthens Advisory and M&A Expertise with Addition of Senior Bankers

Addition of Several Industry Bankers Including Former St. Charles Capital Professionals Deepens Firm’s Expertise and Relationships Across Technology, FIG, Consumer, Retail and Energy IndustriesGLC Advisors & Co., LLC (“GLC Advisors”) is pleased to welcome nine seasoned M&A professionals, including former Partners and professionals of Denver based...

Columbia Threadneedle opens office in Chile

Columbia Threadneedle Investments has opened its first Latin American office in Santiago, Chile. As its first proprietary distribution hub for the Andes (Chile, Peru and Colombia), the new office will serve the asset manager’s institutional and wholesale clients in the region. Columbia Threadneedle has also appointed Santiago Zarauza Riestra...

Asia Pacific

The government of the Maldives is struggling to stay afloat

THE resorts for which the Maldives are famous may be havens of tranquillity, but Malé, the country’s capital city, is a chaotic place. In addition to the extreme density of the population and the frenzy of the traffic, Maldivian politics have become especially turbulent. As MPs from the ruling party defected to the opposition, the government...

The unfinished Partition of India and Pakistan

EVERY year in mid-August India and Pakistan celebrate their independence in much the same way. School kids sing anthems; politicians make speeches; soldiers rattle sabres. The two countries share a quieter, more introspective ritual too: memories are hauled out and dusted off and then, after a great deal of tut-tutting and head-shaking over the...

A massive blackout prompts questions about Taiwan’s energy policy

The blackout cast long shadows LARGE parts of Taiwan went black: roads were lit only by the headlights of the cars driving along them, and even the capital’s landmark skyscraper, Taipei 101, was in darkness. The emergency services were inundated with calls, many from people trapped in lifts. The giant power cut on August 15th saw nearly half of...

A dual-citizenship row rattles the Australian government

WHEN two Australian Greens senators left parliament last month after learning that they were dual citizens, and thus in breach of the constitution, Malcolm Turnbull, the prime minister, condemned their “incredible sloppiness”. But on August 14th Barnaby Joyce, the deputy prime minister, revealed that he, too, was a citizen of two countries:...

The Philippine president’s zany ideas have not hurt the economy

IN MATTERS of economics, as in other realms, Rodrigo Duterte, the president of the Philippines, is more than capable of flamboyant, populist gestures. Earlier this month, to the consternation of much of his cabinet, he signed a law abolishing tuition fees for students in state universities. When asked how the government would pay for this, he replied,...

Mena

The MPLA’s grip on Angola is weakening

But will he make Angolans smile? IT IS fitting that the black-and-red flag of Angola is hardly distinguishable from that of its ruling party. The People’s Movement for the Liberation of Angola (MPLA) has led the country since independence from Portugal in 1975. At the parliamentary election in 2008 it won 82% of the vote; in 2012 it won 72%. Few...

Israel has a gas conundrum

LONG a resource-poor country, Israel now has more natural gas than it knows how to use. Even by conservative estimates, the fields discovered off its Mediterranean coast since 2009 hold enough energy to meet domestic needs for 40 years. The government hopes to earn a windfall by selling the excess abroad; the owners of Leviathan, the largest field,...

A battle over language is hampering Algeria’s development

FOR most countries, language is as simple as ABC. Not Algeria. Its kindergartens are a linguistic morass. The republic’s official language is standard Arabic, but few children grow up speaking it, so they often feel lost on their first day of school. Berber, the tongue of perhaps a quarter of Algerians, was officially recognised last year—but...

Kenya’s new government faces serious challenges

WHEN the final results of Kenya’s presidential election were announced on the evening of August 11th, many feared the worst. Hours previously the opposition, led by Raila Odinga, a perennial presidential candidate, had walked out of a meeting with the electoral commission. James Orengo, one of Mr Odinga’s closest allies, said that the announcement...

A mudslide devastates the capital of Sierra Leone

Torrential rains overwhelmed the drainage system in Freetown, the capital of Sierra Leone, creating a devasting flood on August 14th. Water surged through the city, causing mudslides that killed hundreds of people and washed away ramshackle homes. Hundreds more people remain missing. To the plagues of poverty, civil war and Ebola that have ravaged...

International

The Catholic church becomes an impact investor

The pontiff makes an impact “YOU cannot serve both God and money,” admonishes the Bible. But the church has always tried. In the Middle Ages monasteries were what would now be termed social enterprises. They would produce bread, books or other goods. A Franciscan monk is credited with codifying double-entry book-keeping. These days the Catholic...

Steve Bannon, Back on the Outside, Prepares His Enemies List

Stephen K. Bannon has always been more comfortable when he was trying to tear down institutions — not work inside them.With his return to Breitbart News, Mr. Bannon will be free to lead the kind of ferocious assault on the political establishment that he relishes, even if sometimes that means turning his wrath on the White House itself.Hours after...

For Murdoch Empire, Perhaps a Decisive Point in Relationship to Trump

At 5:55 p.m. on Thursday, James Murdoch sent an email to a list of blind-copied recipients offering a striking repudiation of President Trump and a pledge to donate $1 million to the Anti-Defamation League. He addressed the note to “friends,” stating in the first line that he was writing it in a “personal capacity, as a concerned citizen and a...

Carl Icahn Quits as a Special Adviser to President Trump

Carl C. Icahn, the billionaire investor, is no longer advising President Trump on regulatory matters.In his first post on Twitter in three months, Mr. Icahn announced that “with President Trump’s blessing, I ceased to act as a special adviser to the president on issues relating to regulatory reform.”The post linked to a letter on his website,...

Bannon Returns to Breitbart News

The White House’s loss is Breitbart’s gain.Stephen K. Bannon, who left his post on Friday as President Trump’s chief strategist, has resumed his role as chairman of Breitbart News, the provocative right-wing website that propelled him to national fame.Hours after his departure from the White House was announced, Mr. Bannon led the evening editorial...