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 battle between Bangladesh’s two begums is over

THE battling begums, Sheikh Hasina Wajed and Khaleda Zia, used to alternate in power with metronomic regularity. Both laid claim to aspects of Bangladesh’s founding myth. Sheikh Hasina is the daughter of the “father of Bangladesh”, Sheikh Mujibur Rahman, the first president. Mrs Zia is widow to Ziaur Rahman, to whom, as an army officer under...

A date is set for the emperor of Japan to retire

For Akihito, April is the kindest month IT WAS an understandable request. Last year an 83-year-old Japanese man, who has survived prostate cancer and heart surgery, asked to retire. Yet it took much debate and a change in the law before the government could even set a date for him to do so. When it finally did, on December 1st, it deferred the event...

An army of Chinese shoppers dictates the fate of Australian brands

THE first daigou, meaning someone who makes purchases on another’s behalf, were Chinese students studying abroad, who hauled desirable products home on behalf of family and friends. Adding a commission helped them pay their tuition fees. The spread of social-networking apps such as WeChat, China’s most popular, brought the business online....

The Philippine government declares war on a beloved vehicle

Treasure and menace VENETIANS have their vaporettos, Londoners their double-deckers, Japanese their bullet trains and Filipinos their jeepneys. None of those other vehicles, however, is as dirty, dangerous and uncomfortable as the jeepney, a Frankenstein’s monster of a minibus that was first cobbled together some 70 years ago. Yet when the government...

India’s elections still revolve around caste

INDIA’S national parliament, the Lok Sabha, sits for barely 70 days a year. The shortest of its three sessions normally starts in mid-November. This year, though, the government has given MPs an extra month’s holiday. The reason: Gujarat, a bastion of the ruling Bharatiya Janata Party (BJP) and home state of Narendra Modi, the prime minister,...

Mena

Ali Abdullah Saleh’s death will shake up the war in Yemen

A swift revenge IT WAS an unceremonious end. On December 4th Ali Abdullah Saleh, Yemen’s former dictator, was killed outside the capital Sana’a, which has been paralysed by a week of fighting. A video circulated online showed his bloodied body wrapped in a gaudy blanket, surrounded by militiamen. State television called the former president...

Africa’s ageing leaders don’t know when to quit

THE old taxi park in central Kampala, Uganda’s noisy, traffic-clogged capital, is a huge patch of bare earth and mud filled almost entirely with minibuses. Battered, often still with old Chinese names painted on the side, these are the core of the city’s transport system. Each day, they bring thousands of commuters into the city. Yet this is...

Why the Gulf Co-operation Council can’t co-operate

EVERYONE knew this year’s summit of the Gulf Co-operation Council (GCC) would be contentious. But the envoys barely had time for a cup of tea. Since June, three out of six GCC members (Saudi Arabia, the United Arab Emirates and Bahrain) have blockaded a fourth (Qatar), cutting ties and trade until it stops backing Islamist groups. Kuwait, the...

Why Ethiopians are nostalgic for a murderous Marxist regime

IN AMBO, a town in central Ethiopia, a teenage boy pulls a tatty photo from his wallet. “I love him,” he says of the soldier glaring menacingly at the camera. “And I love socialism,” he adds. In the picture is a young Mengistu Haile Mariam, the dictator whose Marxist regime, the Derg, oversaw the “Red Terror” of the 1970s and the famine-inducing...

Riveting insights unfold at the International Islamic Financial Markets (IIFM) Seminar

The 24th World Islamic Banking Conference (WIBC) witnessed a stimulating IIFM Industry Seminar on a broad spectrum of issues, centered around achieving sustainable and balanced growth in the Islamic Financial Sector, on the 4th of December at the ART Rotana Hotel, Amwaj Islands, Bahrain. With a packed audience of 400 delegates, the IIFM Seminar at...

International

DealBook: More American Jobs? Broadcom Deal Might Mean the Opposite

AdvertisementLast month, President Trump stood in the Oval Office under a portrait of Andrew Jackson and announced that Broadcom, a semiconductor company based in Singapore, would be moving its headquarters back to the United States.“I want to thank you very much for choosing us,” Mr. Trump said, boasting that Broadcom already had 7,500 workers...

The Shift: The ‘Alt-Right’ Created a Parallel Internet. It’s an Unholy Mess.

By KEVIN ROOSEIf you’ve lost sleep worrying about the growing power of the alt-right — that shadowy coalition that includes white nationalists, anti-feminists, far-right reactionaries and meme-sharing trolls — I may have found a cure for your anxiety.Just try using its websites.In recent months, as sites like YouTube, Twitter and Facebook have...

Trump Says New York Times Is ‘Wrong!’ on His Television Habits

AdvertisementWASHINGTON — President Trump pushed back against a recent New York Times article on Monday, saying in a Twitter post that he does not watch four to eight hours of television each day.Mr. Trump was reacting to an article on Saturday that provided an inside look at the president’s typical day, describing how he watches television at least...

Advertising: Reminding E-Commerce Customers Who Delivers

AdvertisementFor a recent commercial, FedEx tried something unusual. It was not set in a bustling office. It did not feature one of its distinctive delivery trucks, or even a single package.Instead, there was a smiling Drew Brees, quarterback of the New Orleans Saints, ringing a doorbell and waving an app in the face of an unsuspecting homeowner. The...

Europe’s Thirst for Cheap Labor Fuels a Boom in Disposable Workers

PARDUBICE, Czech Republic — As dusk settled over the rambling Czech countryside, a group of haggard workers emerged from a dank three-story cement dormitory and jammed into buses. The evening shift was about to begin at two nearby factories owned by Foxconn and Panasonic.Most of the workers had been recruited from Romania, Bulgaria and other Central...