Finance

Americas

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...

TCA Fund Management Group Seeks New Opportunity Among Under-Served Small And Middle Market Developing Companies

Specialist finance and advisory firm TCA Fund Management Group Corp. (‘TCA’) announced its intention to launch a small-cap private equity fund to invest in under-served growth stage companies, primarily in the US and UK. TCA Opportunities Fund I, LP, registered with the Guernsey Financial Services Commission will seek just to target 15 to...

Asia Pacific

India’s raucous democracy is becoming more subdued

THE candidate that India’s ruling Bharatiya Janata Party (BJP) has put forward for the largely ceremonial post of president looks like a canny choice: Ram Nath Kovind, a longtime devotee of a Hindu group allied with the party, but also a dalit—the bottom rung in India’s caste system. He should appeal both to the party’s religiously motivated...

Mongolians prepare to elect a new president

ADDRESSING more than 3,000 supporters in a packed arena five days before the first round of Mongolia’s presidential election on June 26th, Khaltmaa Battulga, the Democratic Party (DP) nominee, promised the things candidates everywhere tend to promise: modern infrastructure, better jobs and restored national pride. Other pledges were more specific...

The outrageous death of Otto Warmbier complicates American policy on North Korea

North Korea’s idea of humanitarianism “HOW safe is it? Extremely safe!” So read the guidance for North Korea on the website of a Chinese travel company when Otto Warmbier, a 21-year-old American student, signed up for a five-day trip in December 2015. Mr Warmbier was arrested the next month at the airport in Pyongyang, as he was leaving, and...

One country in Asia has embraced same-sex marriage. Where’s next?

LET’S hear it for Taiwan. Late last month its highest court ruled that the law allowing marriage only between a man and a woman was invalid. Sexual orientation, it said, is “an immutable characteristic that is resistant to change”—rebutting a widespread view across Asia that homosexuality is a curable disease. Barring same-sex couples from...

Japan’s government is in two minds about smoking

TARO ASO, Japan’s finance minister, is a seasoned champion of the political gaffe. Among his most notorious observations was that health costs could be cut if elderly people would just hurry up and die. Even by that standard, however, the doubts he has expressed about the link between cigarettes and lung cancer have raised eyebrows. Mr Aso’s...

Mena

A Zambian opposition leader fights treason charges for not stopping his car

Failure to park lands a man in the dock TRAFFIC offences rarely undermine democracy. In Zambia, however, the government’s pursuit of a high-profile traffic offender has done just that. On April 8th a convoy of cars carrying Hakainde Hichilema, the main opposition leader, did not stop on the side of the road to make way for a motorcade carrying...

In Africa, city elections are where the action is

Who’s the boss? AT A street corner in Kangemi, a neighbourhood of tin-roofed shacks and new brick tenements in the west of Nairobi, men huddle into what are called street parliaments. Standing several deep, they debate politics, each man speaking in turn, with a moderator at the centre. “We are done with these thieves,” says Jeremiah Mukaiti,...

Zambian opposition leader fights treason charges for not stopping car

Failure to park lands a man in the dock TRAFFIC offences rarely undermine democracy. In Zambia, however, the government’s pursuit of a high-profile traffic offender has done just that. On April 8th a convoy of cars carrying Hakainde Hichilema, the main opposition leader, did not stop on the side of the road to make way for a motorcade carrying...

Understanding Saudi Arabia’s new crown prince

FROM the moment he was named deputy crown prince in April 2015, Muhammad bin Salman seemed destined for the throne. The favourite son of King Salman, aged only 29 at the time, was handed control of the kingdom’s economy and made responsible for its defence. His youthful face was plastered on billboards around the kingdom—but with him, always,...

The challenges of getting a (real) passport in Africa

AFRICANS who want to travel have long endured gigantic hassles when trying to obtain visas, not just to rich countries but also to other African ones. Ugandans now face an extra hurdle before they even reach a foreign embassy. On June 12th the government said it was running out of new passports and would ration them. They will be issued only to...

International

Why These 5 Popular Funds Are Wildly Overrated

As we speak, $376 billion is locked up in five of Wall Street’s most overrated, overloved funds. And the sad reality is that there’s a high chance a few thousand bucks of that are courtesy of … well, you.Read More

A Street Fight Among Grocers to Deliver Your Milk, Eggs, Bananas

Every couple of days, Sinclair Browne fights through traffic in Times Square, squeezes his delivery truck into a parking spot, walks up four flights of stairs and delivers groceries to a guy whose order he knows by heart.“I’m fast,” said Mr. Browne, slicing his hands in the air, ninja style. “In and out, in and out.”Delivering food requires...

Easiest Path to Riches on the Web? An Initial Coin Offering

A new crop of technology entrepreneurs is forgoing the usual routes to raising money. The entrepreneurs are not pitching venture capitalists, selling stock in an initial public offering or using crowdfunding sites like Kickstarter.Instead, before they even have a working product, they are creating their own digital currencies and selling so-called coins...

From 9/11 to Orlando, Ken Feinberg’s Alter Ego in Compensating Victims

When the Roman Catholic Diocese of Brooklyn unveiled a program on Thursday to compensate victims of sexual abuse by its clergy, it chose a familiar name to oversee it: Kenneth R. Feinberg.His six-person law firm has achieved national renown — and a near monopoly — in the curious business of devising ways to compensate disaster victims. He administered...

Europe and Japan Near Trade Deal as U.S. Takes Protectionist Path

The European Union and Japan are close to sealing one of the largest trade agreements ever, a deal that could further isolate the United States as President Trump forges a protectionist path.The deal, which brings together two giants encompassing a quarter of the world’s economy, would be a potent symbol of free trade during a time of populist backlash...