Finance

Americas

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...

Baird and BR Partners announce investment banking alliance

Baird, an employee-owned, international financial services firm, and BR Partners, a leading independent investment bank in Brazil, today announced a strategic alliance for investment banking services, with an initial focus on cross-border mergers & acquisitions (M&A) between Brazil and Europe, and Brazil and the U.S. Through the alliance, the...

Asia Pacific

China’s bullying is backfiring in South Korea’s presidential race

ANY excuse for a party. On April 25th North Korea celebrated the 85th anniversary of the founding of its glorious army. Ten days before its young despot, Kim Jong Un, had marked the 105th birthday of his grandfather, Kim Il Sung, the country’s founder, with a vast military parade. Mr Kim loves fireworks, too. He set off a ballistic missile in...

Why India’s opposition is nearly irrelevant

TWO years ago voters in Delhi, the Indian capital, whistled a warning to prime minister Narendra Modi. It was less than a year since he had led his Bharatiya Janata Party (BJP) to power in a sweeping general-election triumph. Yet suddenly, at the very seat of the national government, a puny upstart party running a shoestring anti-corruption campaign...

Australia’s prime minister is not the man he used to be

Mr Abbott looms over Mr Turnbull MALCOLM TURNBULL had always seemed to be what Australians call a “small-l liberal”. Unlike many in the Liberal Party, which despite its name is Australia’s main conservative force, he was a defender of progressive causes. In 1986, as a lawyer, he successfully challenged a bid by the British government to prevent...

South Korea’s presidential election fuels a row about gay rights

“IT IS 2017. Moon Jae-in just opposed homosexuality,” thundered the headline of a newspaper following a live television debate among South Korea’s presidential candidates. Gay sex is legal in South Korea, but stigmatised. Mr Moon, a former human-rights lawyer and the liberal candidate, who leads the polling for the election on May 9th, had...

Malaysia and Abu Dhabi strike a deal over 1MDB

FOR the past year 1MDB—a Malaysian state investment firm at the heart of one of the world’s biggest financial scandals—has been locked in dispute with IPIC, a sovereign-wealth fund from the oil-rich emirate of Abu Dhabi, with which it was once chummy. Terse statements released on April 24th suggest the pair are finally making up. 1MDB...

Europe

Statement by the staff of the European Commission and the European Central Bank following the seventh post-programme surveillance visit to Spain

PRESS RELEASE28 April 2017Staff from the European Commission, in liaison with staff from the European Central Bank (ECB), carried out the seventh post-programme surveillance visit to Spain on 24-26 April 2017. The European Stability Mechanism (ESM) participated in the meetings on aspects relating to its Early Warning System. Real GDP growth continued...

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

April 2017Monetary policyCentral bank compliance with prohibitions on monetary financing and privileged accessOn 10 April 2017, in accordance with the Treaty on the Functioning of the European Union (TFEU), which assigns the ECB the task of monitoring the compliance of EU central banks with the prohibitions referred to in Articles 123 and 124 of the...

Artemis promotes Kumar to fund manager

Artemis Investment Management LLP announced that Kartik Kumar, who joined Artemis in 2012 as a graduate trainee and has been since 2013 an analyst on the £804m Artemis strategic assets fund, has been promoted to… ...Read More

Catella highlights first Nasdaq Stockholm AIF fund

Swedish financial group Catella’s Property Investment Management unit has announced what it says will be the first alternative property fund to list on Nasdaq Stockholm’s new AIF list. The Property Income 2017 fund will invest… ...Read More

Nucleus appoints non-executive director

Nucleus announced the appointment of John Levin to its board of directors. Levin, co-founder of Certua, a technology platform that uses client financial data to automate and personalise insurance, has a wealth of experience in… ...Read More

Mena

World's leading Takaful forum delivers dedicated InsurTech stream

Over 250 Leading experts and Technology Gurus converged on the final day of the 12th Annual World Takaful Conference Building on the proceedings of Day 1 that witnessed over 350 Takaful leaders converge with the aim of fostering industry-wide collaboration, the second and final day of the 12th Annual World Takaful Conference convened by Middle...

Director General of Insurance Authority inaugurates world's largest Takaful gathering

Over 350 Takaful leaders converged with the aim of fostering industry-wide collaboration at the 12th Annual World Takaful Conference This morning, a packed audience of over 350 key industry leaders gathered from various markets ranging from the MENESEA, witnessed path-breaking insights unfold at the 12th edition of the World Takaful Conference (WTC)....

Milliman to launch Global Takaful Report 2017 at 12th edition of World Takaful Conference

The 12th annual World Takaful Conference (WTC), convened by leading financial intelligence platform, Middle East Global Advisors, will serve as a platform for the exclusive launch of a unique report by one of the world’s largest actuarial and consulting firms. Milliman will present the Global Takaful Report 2017, entitled “Market Trends...

​World Takaful Conference to highlight how embracing a sustainable competitive strategy is the need of the hour for Takaful Operators

12th edition of conference to focus on the need for Takaful operators to revamp current strategies with the aim of increasing dwindling bottom line and underwriting profit margins. The 12th annual World Takaful Conference (WTC), convened by leading financial intelligence platform, Middle East Global Advisors, and held in strategic partnership with...

Harmonization of industry regulatory frameworks a key theme at World Takaful Conference 2017

12th edition of conference to spearhead discussions underscoring the need for more collaboration amongst regulators and standard setters to address the prevalent fragmentation of the Takaful industryThe 12th annual World Takaful Conference (WTC), convened by leading financial intelligence platform, Middle East Global Advisors, and held in strategic...

International

‘Trump Bump’ Lifts Stocks, Giving President a Win for First 100 Days

In his first 100 days as president, Donald J. Trump may have found much of his agenda stymied, like a health care overhaul and a hotly contested immigration order.But he can at least point to the biggest stock market rise of any president since the 1980s.In Mr. Trump’s first 100 days, the Standard & Poor’s 500-stock index has risen about 5 percent,...

Movers: Trump Bump, Time Inc. and Exxon

We’re following major developments in the markets throughout the day. Check below for the latest updates.Trump BumpIn his first 100 days as president, Donald J. Trump may have found much of his agenda stymied, from a health care overhaul to a hotly contested immigration order.But he can at least point to the biggest stock market rise of any president...

Your Money: As College Deadlines Near, Families Wonder What They Can Pay

Your MoneyBy RON LIEBERThis month, the New York State Legislature made the state the first in the nation to make tuition at the state’s public colleges and universities free for many full-time undergraduates from families with income under $100,000 per year. The cutoff will rise soon to $125,000.For all the program's limitations — including the...

Trump Buoys Stocks, Giving President a Win for First 100 Days

[unable to retrieve full-text content]The Standard & Poor’s 500-stock index is up about 5 percent since Mr. Trump’s inauguration, the best start to for a president since the elder George Bush.Read More

Honda Ends Fiscal Year Strongly But Issues Cautious Guidance

Honda Motor Co. (NYSE: HMC) reported earnings for the fourth quarter of fiscal year 2017 on Friday, April 28.Read More