Americas

Headlines

We think the Democrats are favoured to take the House

ALTHOUGH they lack the intense personal drama of a presidential race, America’s mid-term elections in November will be hugely important. Every seat in the House of Representatives is up for grabs, along with 35 out of 100 Senate seats. A Democratic takeover of either chamber would unleash a flurry of investigations into President Donald Trump...

Will Colombia’s next president imperil the peace deal with the FARC?

JUAN MANUEL SANTOS, Colombia’s president, won a Nobel prize in 2016 for ending a 52-year war with the left-wing FARC guerrilla group, but criminals with guns still terrorise parts of the countryside. That alarms people in cities, where most people live. Some 12,000 FARC fighters have disarmed and moved into designated zones, as envisaged by the...

A southern-hemisphere Stonehenge is found in Chile

Smarter than the average pile of rocks ON THE winter solstice in 2017, a team of researchers waited in the pre-dawn chill of the Atacama desert. Before them stood two square piles of stones, each about 1.2 metres (four feet) high. A row of three other cairns stretched out 500 metres to the east. This line of saywas—roughly, “markers” in Quechua,...

Colombians hope for change in the first post-war presidential election

EVERY afternoon in Samaná, a small coffee-growing town in the Colombian Andes, prosperous townspeople mount Paso Fino horses to ride from bar to bar, where they down shots of aguardiente, Colombia’s most popular tipple. Their tongues loosened by the anise-flavoured drink, they become garrulous on the subject of the country’s presidential election,...

Juuling is popular—perhaps too much so

IT IS an entrepreneur’s dream: make a gadget so appealing that fans turn its name into a verb. “Juuling”, after a device known as a Juul that now accounts for 60% of e-cigarette sales in America, has become a youth fad. “I’ve been doing this work for 30 years and haven’t seen anything like this,” says Matthew Myers of the Campaign...

Finance

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...

Legal

Sharks Can Fight Over The Sloppy Tuna Trademark

It may not be an old fisherman's tale, but when a group of Wall Street investors and seafood loving friends opened The Sloppy Tuna restaurant in Montauk in 2011, they likely didn't expect to be embroiled in litigation, especially against each other. However, the Sloppy Tuna owners split up the business in typical...

Weinstein Surrenders, Manhattan Files First Rape Case

After setting the internet ablaze by turning himself in to the NYPD, Harvey Weinstein posted a $1 million bail, was fitted with an ankle monitor, and released. Weinstein faces criminal charges of rape, sex abuse and related crimes in New York. In the state case, two women allege he forced them into sex acts...

Clients May Hire You If You Act Like Them

You know how people have dogs that look like them? If not, go to a Wag Dog Festival and see people competing for "Best Owner/Dog Look-a-Like." But here's the point for lawyers. Clients hire attorneys who are like them. So before you sit down with your next potential client, take a look in the mirror. ...

Trump Administration Fights Order to Release Clinton-Lewinsky Secrets

Whoever first said "politics make for strange bedfellows" didn't know Donald Trump and Bill Clinton. Some say Shakespeare, some say another year. But the expression was never more true than in 2018, when the Trump administration asked a court not to release grand jury records about Clinton's sexual relationship...

Chicago, You Have a Problem With Bankruptcy Lawyers

Everybody knows that lawyers never lose -- even in cases they lose -- because they always get paid. Of course, that's a generalization because every lawyer knows that clients also stiff them. There's a different problem in Chicago's bankruptcy court, however. In the Northern District of Illinois, attorney's...

Acq Lite

Statoil using mega-rig to tap frontier North Sea area

March 12 (UPI) -- Norwegian energy company Statoil will move a deepwater drilling rig to the North Sea to tap a prospect awarded more than 30 years ago, a regulator said Monday.The Norwegian Petroleum Directorate gave Statoil consent to move the Deepsea Atlantic drilling rig to a section of the North Sea to tap into a prospect awarded to the company...

Eni deal a testament to Abu Dhabi's attraction

March 12 (UPI) -- In what's nearly a $1 billion commitment, Italian energy company Eni said it made its Emirati debut in an agreement with the Abu Dhabi National Oil Company.Eni signed agreements to acquire minority shares in the Lower Zakum, Umm Shaif and Nasr offshore fields from state-run ADNOC for a total fee of $875 million."The stakes in the two...

German green energy segment Innogy divvied up

March 12 (UPI) -- German utility company E.ON is now in control of the renewable energy segment created by its rival, RWE, in a landmark, multi-billion dollar deal, they said.In a joint statement, E.ON said it reached an agreement in principle with RWE to acquire more than three quarters of the stakes in renewable energy entity Innogy, an offshoot from...

Russia test-fires Kinzhal hypersonic missile

March 11 (UPI) -- A Russian jet successfully test-lauched a hypersonic missile Sunday, the Russian Defense Ministry said.The Kinzhal hypersonic missile was launched from an MiG-31 interceptor jet, which departed from an airfield in the Southern Military District, Russia's TASS News Agency reported."A MiG-31 fighter crew of the Russian Aerospace Forces...

Huntington Ingalls contracted for further repairs on USS Fitzgerald

March 9 (UPI) -- Huntington Ingalls was awarded a contract from the U.S. Navy to continue repairs on the USS Fitzgerald.The deal, announced Thursday by the Department of Defense, is valued at more than $77.5 million under the terms of a cost-plus-fixed-fee contract, which is a modification to a previous award.The modified contract between the U.S. Navy...