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

Taiwan’s president has upset both business and workers

LIKE a nervous candidate in a job interview, shy yet formal, she fielded questions ranging from how to handle Chinese infiltration to why she always wears trouser suits. Tsai Ing-wen, Taiwan’s usually plain-speaking president, marked her second anniversary in office with a rare live interview with a critical website. Ms Tsai badly needs to restate...

South-East Asia: lots of elections, not so much democracy

DEMOCRACY’S worldwide retreat makes no exception for South-East Asia. In the Philippines President Rodrigo Duterte has thrown the law to the wind in his war on drugs. Many innocents are among thousands killed. He has imposed martial law in Mindanao in the south. And in early May he cheered on the sacking of the chief justice, a critic. In Cambodia,...

Halfway through her term, Taiwan’s president has upset both business and workers

LIKE a nervous candidate in a job interview, shy yet formal, she fielded questions ranging from how to handle Chinese infiltration to why she always wears trouser suits. Tsai Ing-wen, Taiwan’s usually plain-speaking president, marked her second anniversary in office with a rare live interview with a critical website. Ms Tsai badly needs to restate...

No country resorts to IVF more than Japan—or has less success

THE sterile façade of Kato Ladies Clinic gives little hint of the fecundity inside. Nestling among a plantation of high-rises in a business district of Tokyo, the clinic implants fertilised eggs in an average of 75 women a day. That makes it one of the busiest fertility hospitals in the world, says Keiichi Kato, the medical director. Japan has...

Terrorists in southern Thailand go on a bombing spree

This machine is temporarily out of service ON THE evening of May 20th, just as it was growing dark, a series of explosions blasted banks, cash machines and electricity poles at more than a dozen locations across southern Thailand. Just three people were hurt by the bombings, which took place when most locals in the Muslim-majority region would have...

Europe

Why it makes sense to invest in Treasury bonds

JOHN KENNETH GALBRAITH, a quotable economist, observed that one of the deeper mysteries is why, in a falling market, there is still a buyer for every seller. It is a conundrum that bond investors must now contemplate. Since January the yield on a ten-year Treasury bond has risen (and thus bond prices have fallen) with scarcely a backward step....

Bad loans remain a concern in Italy and across southern Europe

ITALY’S next government, a coalition between the populist Five Star Movement and the far-right Northern League, is giving investors plenty to worry about. Leaked plans, hastily abandoned, suggested it might want to leave the euro or ask the European Central Bank to forgive €250bn ($292bn) of Italian debt. But less attention has been paid to...

How psychotherapy improves poor mothers’ finances

IN 2005 and 2006, in northern Pakistan, some 900 pregnant women took part in an unusual experiment. All were in their third trimester and suffering from depression. Most families in the area rely on subsistence farming. Almost none of the women worked outside the home. This kind of life is hard. Perinatal depression (depression around the time...

Central banks should consider offering accounts to everyone

A RECESSION strikes. Central banks leap into action, cutting interest rates to perk up investment. But what if, as now, there is not much cutting to do, with rates already at or close to zero? In such cases the manual calls for purchases of government bonds with newly printed cash—quantitative easing, or QE—swelling the reserves each bank keeps...

Labour laws in 104 countries reserve some jobs for men only

EVEN as rich countries seek to rid workplaces of subtle gender bias, in many developing ones discrimination remains overt. According to the World Bank, women are barred from certain jobs in 104 countries (see map). “Gender equality in labour law is associated with more women working and earning more relative to men,” says Sarah Iqbal of the...

Mena

A woman who ran against Rwanda's president is on trial

PAUL KAGAME, the president of Rwanda, thinks there is nothing odd about how he won re-election for a third presidential term last year with 98% of the vote. “It could have been 100%,” he told the Council on Foreign Relations, a think-tank in New York a few months later. It is hard to tell how popular Mr Kagame really is. Serious candidates...

How volunteer cartographers are mapping epidemics and atrocities

ON MAY 9th, the day after the first cases of Ebola were confirmed in Bikoro, an urgent request came into the headquarters of Médecins Sans Frontières (MSF), an international charity. Maps of this part of the Democratic Republic of Congo were needed to deliver vaccines and medical help. Yet accurate ones did not exist. MSF turned to the crowd...

The Ebola outbreak in Congo can probably be contained

IN A dank, unlit room in a government office in Mbandaka, a sleepy city of 1m people on the banks of the Congo river, Marie-Claire Thérèse Fwelo is booming out her most valuable knowledge to an assembled group of perhaps 80 health workers. “What do we look for?” she asks the class. They respond in unison: “a brutal fever”. And what else?...

She ran against Rwanda’s president. Now she is in the dock for “inciting insurrection”

PAUL KAGAME, the president of Rwanda, thinks there is nothing odd about how he won re-election for a third presidential term last year with 98% of the vote. “It could have been 100%,” he told the Council on Foreign Relations, a think-tank in New York a few months later. It is hard to tell how popular Mr Kagame really is. Serious candidates...

The leader of Hamas in Gaza is the most influential man in Palestine

Sinwar has seen war and it didn’t work YAHYA SINWAR, 56, has spent his entire adult life in prisons: the concrete Israeli sort and the open-air prison that is Gaza. Yet Mr Sinwar is now, arguably, the most influential man in the Palestinian territories. On May 16th, two days after Israeli soldiers killed about 60 Palestinian protesters at the...

International

How Boston Is Trying to Close the Gender Pay Gap

ImageMegan Costello is executive director of the Mayor’s Office of Women’s Advancement, which is working with Boston-area employers to try to reduce pay inequity between women and men.CreditTony Luong for The New York TimesSectionsSkip to contentSkip to site indexHow Boston Is Trying to Close the Gender Pay GapThrough pay-negotiation workshops...

Tax Break, or Kickback? Energy Benefit Becomes a Lightning Rod

Tax Break, or Kickback? Energy Benefit Becomes a Lightning RodImageThe Port Authority Bus Terminal in New York is among the public projects that have benefited from an energy-efficiency tax deduction. Many agencies have been prevented from taking advantage of the same incentive.CreditJoshua Bright for The New York TimesBy Patricia CohenMay 25, 2018Over...

Trump Moves to Ease the Firing of Federal Workers

Trump Moves to Ease the Firing of Federal WorkersImageThe Department of Veterans Affairs in Washington. The Trump administration’s push to make it easier to fire government workers reflects conservatives’ long-running suspicion of the federal bureaucracy.CreditTom Brenner/The New York TimesBy Noam ScheiberMay 25, 2018President Trump on Friday...

Trump Administration Plans to Revive ZTE, Prompting Backlash

Trump Administration Plans to Revive ZTE, Prompting BacklashImageThe Trump administration is said to have reached a deal that would allow the Chinese telecom firm ZTE to once again begin doing business with American companies.CreditManu Fernandez/Associated PressBy Ana SwansonMay 25, 2018WASHINGTON — The Trump administration told lawmakers it...

U.S. News Outlets Block European Readers Over New Privacy Rules

U.S. News Outlets Block European Readers Over New Privacy RulesImageThe home page of the Chicago Tribune on Friday, as viewed from Europe.By Adam SatarianoMay 25, 2018LONDON — American news outlets including The Chicago Tribune, The Los Angeles Times and The Arizona Daily Star abruptly blocked access to their websites from Europe on Friday, choosing...