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 military junta’s scheme for Thailand’s election is back on track

FOR THE military junta that has ruled Thailand since a coup in 2014, it was a day of ups and downs. On the morning of February 8th the Thai Raksa Chart party submitted just one candidate to the Election Commission as a potential prime minister: Princess Ubolratana Mahidol. The likely outcome of an election slated for March 24th seemed to change...

South Korea says it will pay a bit more to host American troops

An expensive habit THE EXPENSE of keeping American troops abroad is one of Donald Trump’s longstanding peeves. America’s president has made it clear that he regards his country’s global military presence as a bad deal and has put pressure on allies all over the world to do more to cover the cost. South Korea, keen to avoid a rift in the run-up...

A deceptive tweet casts doubt on the Indian government’s credibility

NOTHING HURRIES governments more than an approaching election. But sometimes, as Piyush Goyal, India’s minister of railways, recently found, haste can cause accidents. Keen to tout the Vande Bharat Express, a fast new service, he posted a clip that showed the made-in-India train roaring through a station at a blinding pace. As eagle-eyed viewers...

Unsung Filipino seafarers power the global economy

A CROWDED PAVEMENT alongside Luneta, a park in Manila next to the old Spanish walled city, bears witness every day to how Filipinos make the world go round. This is where recruiters from manning agencies that represent international shipowners go in search of crew. They put out battered tables as recruiting stations, or they wander among the throng...

Australia’s government stirs up hysteria about illegal immigration

THE BILL proposed to grant a sliver of mercy to the 1,000-odd asylum-seekers in Australia’s offshore detention centres. It amended existing legislation to give doctors precedence over politicians in deciding when sick migrants should be evacuated to Australia. The government opposed it vehemently, but it passed the lower house all the same on...

Europe

What would happen if Facebook were turned off?

THERE HAS never been such an agglomeration of humanity as Facebook. Some 2.3bn people, 30% of the world’s population, engage with the network each month. Economists reckon it may yield trillions of dollars’ worth of value for its users. But Facebook is also blamed for all sorts of social horrors: from addiction and bullying to the erosion of...

France : la BEI approuve un prêt de 18 millions d’euros pour Ecoslops

Le Conseil d’Administration de la BEI a approuvé mardi 5 février un prêt de 18 millions d’EUR à l’entreprise Française Ecoslops afin de financer la construction de deux installations de recyclage d’hydrocarbures marins destinées aux ports de Marseille (France) et de Antwerp (Belgique). Ce prêt...

The biggest bank merger since the crisis may herald more

GIANT BANKS are made, not born. Today’s American behemoths were formed by a dizzying series of deals in the decade before the financial crisis. NationsBank and BankAmerica became Bank of America. Wells Fargo joined with Norwest. J.P. Morgan and Chase melded, and then bought Bank One. The crisis brought more mergers, but out of necessity as much...

When trouble strikes, where should you hide? The case for gold

IMAGINE YOU have an assignation in New York. You have not been told where you should meet the other person and she has not been told where to meet you. You have no understanding of where to find her or where she might usually be found. She is as ignorant of you. You cannot communicate. You must somehow guess how to find each other and make those...

Men still pick “blue” jobs and women “pink” jobs

Fighting fires, they’re all orange EVERY YEAR a few women become the first of their sex to hold a particular job. The stars of 2018 include Tennessee’s first female senator and the first female head of the New York Stock Exchange. There is the occasional male first, too: in 2018 the first men graduated from Norland College, which trains nannies...

Mena

Boko Haram, Nigeria’s jihadist group, is regaining strength

A WILD-EYED Nigerian soldier looks into the camera: “We don’t have adequate weapons,” he says. “We can’t just be wasting our lives.” Nigerian opposition activists, who have circulated the video widely, say it shows soldiers fleeing an offensive by Boko Haram, the bloodthirsty jihadists terrorising north-eastern Nigeria, in December....

France is propping up a strongman in Chad

IDRISS DÉBY, Chad’s president, knows better than most how threatening a Toyota pickup truck can be. In 1990 he seized power after leading 300 of them on a dash through the desert to capture N’Djamena, Chad’s capital. Three years earlier, as army chief, his converted battle-wagons smashed through Libyan lines to end the “Toyota War”....

Cyril Ramaphosa has made uneven progress in repairing South Africa

IVY RAMAPHOSA is used to visitors. Most weeks callers will knock on the door of her home in Soweto, on the outskirts of Johannesburg. They come trying to reach her brother, Cyril, who moved here with Ivy and their family in 1963, during the apogee of apartheid. Today he makes only the occasional appearance. As President of South Africa, he is a...

Islamic State’s caliphate is nearing defeat

Into the final redoubt THE LAST defenders of the caliphate grazed like sheep until there was no grass left to eat. America bombed from above. Kurdish-led fighters pursued them on the ground. And Syrian and Iraqi armies maintained a siege from their respective positions across the Euphrates river and Iraqi border. Less than five years after it had...

Saudi Arabia’s missile race

IN 2016 Muhammad bin Salman, Saudi Arabia’s crown prince and de facto ruler, announced the latest stage of “Saudisation”—the replacement of foreign workers with Saudi ones. It now appears the policy does not stop at swapping out bankers and bakers, but extends to ballistic missiles. Satellite photos analysed by researchers from the Middlebury...

International

In Bid to Conquer Oscars, Netflix Mobilizes Savvy Campaigner and Huge Budget

Supported byIn Bid to Conquer Oscars, Netflix Mobilizes Savvy Campaigner and Huge BudgetImageA barrage of ads for “Roma” — in trade publications, on Netflix-owned billboards in Los Angeles — has continued for months. Estimates suggest Netflix has spent $25 million or more on its Oscar campaign.CreditCreditHunter Kerhart for The...

Brexit: For Wall Street Banks in London, It’s Moving Time

Supported byBrexitFor Wall Street Banks in London, It’s Moving TimeOne thing is clear about the legacy of Brexit: Financial services will be spread across Europe, with no one city again dominating the financial arena as London has.ImageFrankfurt, Germany’s financial center, which wooed financial firms in London. CreditCreditMauritz Antin/EPA,...

For Some 2020 Democrats, Rejection of Amazon Aligns With Liberal Policy Views

Supported byFor Some 2020 Democrats, Rejection of Amazon Aligns With Liberal Policy ViewsImageSenator Elizabeth Warren of Massachusetts called economic incentives offered to giant corporations like Amazon “taxpayer bribes.”CreditCreditTamir Kalifa for The New York TimesBy Trip Gabriel and Peter EavisFeb. 16, 2019The decision by Amazon this...

In Amazon Fight, Progressives Showed What They Want: A New Economic Agenda

Supported byIn Amazon Fight, Progressives Showed What They Want: A New Economic AgendaImageA view of Long Island City from the No. 7 train. Amazon planned to build a campus there but resistance from local politicians and residents led the company to pull out of the deal last Thursday.CreditCreditBenjamin Norman for The New York TimesBy Patricia CohenFeb....

Your Taxes 2019: They’re Rich and They’re Mad About Taxes (Too Low!)

Supported byYour Taxes 2019They’re Rich and They’re Mad About Taxes (Too Low!)An affluent few are raging against a tax law that puts more money — a lot more — in their pockets. Friends call them ‘traitors to their class.’ImageCreditCreditPablo Delcan & Company + Saad MoosajeeBy David GellesFeb. 12, 2019Stephen Prince...