Americas

Headlines

Caribbean sugar is close to a sticky end

Why cut cane when you can print passports? IN ITS 18th-century heyday cane grown in the Caribbean and cut by African slaves provided Britain with nearly all its sugar. The masters of this brutal trade made enormous fortunes. But it has seen 200 years of decline, accelerating after slavery ended in 1838. Now the region is wondering how it will cope...

In the name of democracy, Venezuela bans the opposition

“LET us get ready for 2018,” boomed Nicolás Maduro as he hailed the “third great victory of the Venezuelan people”. The president was gloating over a vote on December 10th, in which his United Socialist Party, which has looted and misgoverned the country into economic ruin, bagged more than 90% of the country’s mayoral contests. It was...

How young Brazilians hope to clean up politics

WITH his reversed baseball cap and facial fuzz, the style of 29-year-old Daniel José Oliveira (pictured) is hardly typical for a Brazilian politician. Nor is his background: he was one of 11 siblings brought up in a small town by a domestic servant and an office porter. After winning a scholarship to a Catholic school, he studied economics at...

Why Juan Rulfo’s fiction of fear is still revered in Latin America

FOR a writer, he was a man of extraordinarily few words. Juan Rulfo produced only one short novel, “Pedro Páramo”, and a collection of short stories, “El Llano en Llamas” (translated as “The Burning Plain”). Together they comprise fewer than 300 pages. And that, apart from a couple of fragments and a few film scripts, was it. Yet not...

Robert Mueller’s probe into Russian election-meddling divides America

Mueller, the best and the worst IN A happier, more innocent age, also known as spring 2017, Republicans and Democrats agreed to disagree about the special counsel, Robert Mueller, and what they made of his investigation into Russian meddling in the presidential election. Grandees from each party competed to praise Mr Mueller, a craggily severe former...

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

'Functional Meth Users' Lose Custody, Court Rules

Richard was a good father, except for one problem: he used meth four times a day.Still, he pleaded with the court, he had held his job for 27 years, provided for his family, and ensured his children had healthy food, a clean home, and a good education. He just wanted them back together again.Not good enough, the trial judge ruled. In re. Alexzander...

Bath Salts Conviction Upheld by First Circuit

Alan Ketchen came to the party a little too late.Not the drug fest at his house; that party was going on all the time. It was his motion to withdraw a guilty plea; that was too late.Ketchen wanted a do-over because -- after he pleaded guilty to drug charges -- a new case said prosecutors had to prove criminal defendants know the drugs they are dealing...

How to Handle Clients With Substance Abuse Issues

A client was late to a DUI hearing, so I called him on the cell phone."I got you a good deal. Get down here now," I said. He showed up 20 minutes later, reeking of alcohol.What do you do with somebody like that? Is it possible to defend an impaired client and protect society at the same time? Legal CounselingIt's not unusual for attorneys to meet clients...

Medicare Fraudster's Conviction Affirmed

For the defendant in a multi-million dollar fraud case, it was not a good sign when a juror walked into deliberations wearing a T-shirt that said, "American Greed."After the jury returned a guilty verdict, the defense attorney filed a motion to interview the juror to find out if he had pre-judged the case and influenced other jurors. The trial judge...

Former Law Student Charged for Falsely Claiming to Be Lawyer

Sometimes there's a fake lawyer, and sometimes there's a fake lawyer, and sometimes there's a fake lawyer. And sometimes that fake lawyer is someone who has a history of trying to put one over on the entire system.A recently arrested former law student probably didn't think he'd be caught this time, and probably thought the consequences wouldn't be...

Deals

Scrum Ventures raises $19 mln of targeted $75 mln fund

Scrum Ventures has raised $19 million of a targeted $75 million third fund, according to a regulatory filing. The San Francisco-based firm is led by Tak Mitaya and makes early-stage investments in commerce, healthcare, Saas and IoT, according to its website. The filing lists four investors.Read More

FCP and DRB buy Sweet Leaf Tea and Tradewinds businesses from Nestlé

Fireman Capital Partners and Dunn's River Brands have acquired the Sweet Leaf Tea and Tradewinds businesses from Nestlé Waters North America. No financial terms were disclosed. McDermott Will & Emery LLP provided legal advice to Fireman Capital Partners on the transaction. Read More

Onex-backed Canadian renewables firm Pinnacle set to list, say sources: Reuters

Wood pellets producer Pinnacle Renewable Energy Inc, owned by Canadian private equity firm Onex Corp (ONEX.TO), wants to raise about C$175 million ($136 million) through a Toronto initial public offering (IPO), sources told Reuters.Read More

TSG buys majority stake in Planet Fitness franchisee Sunshine Fitness

TSG Consumer Partners has acquired a majority stake in Sunshine Fitness, a franchisee of Planet Fitness clubs. No financial terms were disclosed. Piper Jaffray & Co served as financial adviser to TSG on the transaction while Fidus Partners LLC advised Sunshine Fitness. And, Ropes & Gray LLP provided legal counsel to TSG and Akerman LLP did likewise...

Pishevar leaves Sherpa Capital

Shervin Pishevar resigned from Sherpa Capital, the firm he co-founded, in the wake of accusations of sexual misconduct, according to a statement.Read More

Acq Lite

Raytheon contracted to support anti-ship missile system

Dec. 15 (UPI) -- Raytheon Missile Systems has been awarded a modified contract from the U.S. Navy for support services on the Rolling Airframe Missile Mark-31 Guided Missile Weapon System.The deal, announced Thursday by the Department of Defense, is worth more than $22.5 million under a cost-plus-fixed-fee modification to a previously awarded contract,...

Northrop Grumman producing RF threat detection system

Dec. 15 (UPI) -- Northrop Grumman reports it is to produce its digital radar warning system and electronic warfare management system for U.S. Air Force and Navy aircrews.Production of the AN/APR-39D(V)2 comes under a $124.7 million award following a period of development and testing. Northrop, however, did not specify the contract's issuing authority."With...

U.S. announces military aid packages for Lebanon

Dec. 15 (UPI) -- The United States has announced three new Department of Defense programs for Lebanon to help in its capability to conduct border security and counter-terrorism operations.The programs, funded through the Department of Defense's "Building Partner Capacity" program, have a combined value of more than $120 million and were announced in...

German police receive special operations vehicle

Dec. 15 (UPI) -- The first of two heavily protected vehicles for special police units were delivered to Germany's Saxony police on Friday by Rheinmetall MAN Military Vehicles.The second vehicle, also developed in cooperation with Achleitner, is to be delivered by Christmas, the company said."The Survivor R is a compelling symbol of Rheinmetall's extraordinary...

General Dynamics awarded $16M contract for USS Pinckney

Dec. 15 (UPI) -- General Dynamics has been awarded a modified contract from the U.S. Navy to support the USS Pinckney, an Arleigh Burke-class guided-missile destroyer.The $16.3 million deal, announced Thursday by the Department of Defense, comes under the terms of a firm-fixed-price delivery order, which modifies a previous award for selected restricted...