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

Indonesia votes

INDONESIANS WERE voting in presidential, legislative and regional elections as The Economist went to press. See coverage of the results here.Read More

Why Pakistan lets Arab bigwigs set falcons on rare birds

THE ASIAN houbara is an unlikely diplomatic asset. An elusive, desert-dwelling bird, its expression suggests bad temper rather than entente. Yet the migratory, chicken-sized fowl, also known as the Macqueen’s bustard, is considered prized sport by Arab falconers. Its meat is also thought to be an aphrodisiac. For decades dignitaries from the Gulf...

Kyrgyzstan’s neighbours have too little politics, but it has too much

AT THIS TIME of year the wild cherry blossom spreads from the valley floor up the flanks of the mountains that form the glorious backdrop to Bishkek, Kyrgyzstan’s laid-back capital. Kyrgyzstan itself used to be the democratic flower of Central Asia, surrounded by hulking autocracies. But democracy has not served the 6m people of the former Soviet...

Japan’s Self-Defence Forces are beginning to focus on China

ON A COLD spring day, crowds of Japanese gather to peer at the hulking grey ship moored in the port of Yokosuka, just south of Tokyo. The Izumo, the country’s largest warship, has attracted attention at home and abroad since December, when Japan’s government announced that it would upgrade her. Her deck, and that of her sister ship, the Kaga, will...

India’s next government is likely to be a coalition of mercenaries

THE HOTLY contested general election has made the face of Narendra Modi, the prime minister, hard to escape in most of India, beaming from walls, lamp posts, pillars and shop windows. Yet his image is nowhere to be seen in Hyderabad, the country’s fourth-biggest city. Its dusty bazaars and gleaming industrial parks could be in another country. True,...

Mena

How to solve South Africa’s energy crisis

IN THE CONTROL room of Scatec Solar in Cape Town Johan Badenhorst gazes at the six monitors on the wall. The screens display the status of the firm’s 16 plants in 11 countries. The three in South Africa are doing nicely, producing enough energy to power 93,000 homes. Problems are rare, says Mr Badenhorst, Scatec’s senior control officer, before...

Raya al-Hassan takes on Lebanon’s warlords—and the patriarchy

IN A COUNTRY of crusty old warlords, Raya al-Hassan is challenging stereotypes. A decade ago she was appointed Lebanon’s finance minister, the first woman in the Arab world to hold such a post. In January she broke new ground, becoming the first female interior minister in the region. As such, she commands a force of over 40,000 police officers, including...

Chinese money is behind some of the Arab world’s biggest projects

THERE IS NOT much to see for the first 500km south of Oman’s capital, Muscat, as the highway slices through the Hajar mountains and down a barren coast. Then it hits Duqm, a sleepy fishing village that is being transformed into a mega-port. The government’s hope is to capture a share of the shipping trade between Asia, Africa and Europe. And there,...

Nigeria’s vice cops are feeling squeezed

ALTHOUGH IT IS guarded by high walls and a thick metal door, a nightclub in Kano hardly bothers to conceal its existence. Disco lights flash out on the surrounding streets. Pop music is pumped carelessly into the night air. Young men and women sip beer and sway to the rhythm, seemingly unconcerned that, under Islamic law, such depravity is punishable...

America and Iran call each other sponsors of terror

A FEW YEARS before he became president, Donald Trump’s family probably did business with associates of Iran’s ideological armed force, the Revolutionary Guard Corps (IRGC). An article published in the New Yorker in 2017 says a tower bearing the Trump name in the Azerbaijani capital, Baku, was built by a company with links to the Guards. But on...

International

Blockbuster Battle Between Steven Spielberg and Netflix Fizzles

LOS ANGELES — It has the makings of a great screenplay: As the future of an entire industry hangs in the balance, the ultimate establishment figure — a genius in his fourth decade of domination — goes to battle with a menacing interloper.That hyperbolic story line has enveloped Steven Spielberg since early last month, when reports surfaced that...

Blamed for Wildfires, PG&E Seeks Higher Electricity Rates

Pacific Gas & Electric has been blamed for starting some of California’s most devastating wildfires. Now it is asking state officials for permission to raise electricity rates to pay for safety improvements and to offset the financial risk of more wildfires.PG&E, working its way through its second bankruptcy in two decades, isn’t alone in...

Excerpts of Stephen Moore’s Writing: Bashing Women, Gay Rights and More

Stephen Moore is a conservative commentator best known for opining on economic issues. But the longtime columnist, who is in line to be nominated to the Federal Reserve Board by President Trump, has also written on a range of social topics during his career, including women’s rights, gender equity and marriage.While many of these pieces were written...

Stocks Just Hit a Record. Thank the Fed.

Stocks Just Hit a Record. Thank the Fed.The bull market lives, thanks to the Federal Reserve’s new, more relaxed approach to interest rates.By Matt PhillipsApril 23, 2019The economy is softening, profit growth is slowing, and a trade war between the United States and China is grinding on. Stock investors don’t mind.The S&P 500 rose to a record...

Stephen Moore’s Paper Trail: Bashing Women, Gay Rights and More

Stephen Moore is a conservative commentator best known for opining on economic issues. But the longtime columnist, who is in line to be nominated to the Federal Reserve Board by President Trump, has also written on a range of social topics during his career, including women’s rights, gender equity and marriage.While many of these pieces were written...