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

Voters are not impressed with Japan’s new opposition party

THE candidate of the Constitutional Democratic Party (CDP), Akira Nagatsuma, spoke from the top of a gaisensha, a van adorned with banners and loudspeakers of the sort favoured by campaigning Japanese politicians. Later on, down the road, the hopeful from the Liberal Democratic Party (LDP), Fumiaki Matsumoto, also addressed passers-by from atop...

The half-million Rohingya refugees in Bangladesh will not leave soon

THE Kutupalong refugee camp in Bangladesh does not seem temporary. It consists of thousands of tents made of plastic and bamboo spread across undulating terrain. Groups of male refugees carry long poles on their shoulders to erect even more. Fish, vegetables and fruit are for sale in a market. Half-naked children squat outside stalls selling sweets...

Witches are still hunted in India—and blinded and beaten and killed

Not much to show for her guile AT LEAST Ramkanya Sen is alive. The grandmother spent three weeks locked in a windowless storeroom in the searing heat, refusing to eat, until a tip-off alerted a journalist to her predicament. The rescue came just in time, say doctors who revived Ms Sen (pictured) at a government hospital in Bhilwara, a small city...

The Philippine army recaptures a city seized by Muslim insurgents

Recaptured but ruined THE city of Marawi, President Rodrigo Duterte declared on October 17th, has been liberated from the jihadists who had seized control of it. Mr Duterte was speaking in Marawi a day after Philippine forces had killed Isnilon Hapilon, a leader of Abu Sayyaf, a local militant group, who had declared allegiance to Islamic State...

Kyrgyzstan holds an election that was not a foregone conclusion

Jeyenbekov at his most expressive AS THE young man hesitated, golden autumn leaves drifted down onto the streets of Bishkek, the relaxed capital of Kyrgyzstan. “It’s a choice between old and new. I can’t decide,” he explained, as he hovered outside the polling station. The choice was as unusual as it was difficult. Kyrgyzstan—a mountainous...

Mena

The boycott of Qatar is hurting its enforcers

Doh! The embargo isn’t working THE largest insurer in the Gulf should have taken out a policy on itself. Last year Qatar Insurance collected about 110m rials ($30m) in premiums from its Abu Dhabi office. But in September it announced that, because of a diplomatic dispute, the United Arab Emirates (UAE)would not renew its...

John Magufuli is bulldozing the opposition and wrecking the economy

CRITICALLY ill in a hospital in Nairobi, Tundu Lissu, the chief whip of Tanzania’s main opposition party, Chadema, is a lesson to those who would criticise the Tanzanian president, John Magufuli (pictured). On September 7th Mr Lissu was gunned down in broad daylight near his house in the sleepy administrative capital, Dodoma, after returning...

The loneliest plant on earth

WOOD’S CYCAD is a striking plant, tall with a shaggy green crown and bright orange cones. But despite its good looks, it will never find a mate. “The loneliest plant in the world, right here,” a guide tells a golf cart full of visitors touring the Durban Botanic Gardens. Found in a Zululand forest in 1895, it is the only cycad of its kind,...

After all but defeating the jihadists, Iraq’s army turns on the Kurds

WHEN a leader loses half his realm and his government’s main source of revenue and shatters his people’s dreams of independence, all in a couple of days, an apology might seem in order. But Masoud Barzani, the president of Iraq’s Kurdistan region, is not offering one. In the face of a lightning Iraqi advance, Kurdish forces retreated this...

Syria’s Kurds led the advance on Raqqa, but now may fracture

The wreckage of Raqqa THE bodies of the dead would hang for days from the railings in the main square of Raqqa. It was a macabre reminder to residents that Islamic State (IS) had declared the capital of its so-called caliphate in the Syrian city. Signs around the victims’ necks revealed their crimes. Dozens were executed for spying; others for...

International

A Simple 3-Step Method To Protect Your Portfolio In Q4

The benchmark S&P 500 has risen by a whopping 24% since November 2016. The higher it goes, the more vulnerable it is to a correction. With that in mind, here are three easy steps that can help protect your portfolio from an unexpected, and potentially nasty, decline between now and the New Year.Read More

Giving Away Billions as Fast as They Can

Step aside, Rockefeller. Move over, Carnegie. Out of the way, Ford.For the better part of a century, a few Gilded Age names dominated the ranks of big philanthropy.No longer.In a matter of years, a new crop of ultra-wealthy Americans has eclipsed the old guard of philanthropic titans. With names like Soros, Gates, Bloomberg, Mercer, Koch and Zuckerberg,...

The Finger-Pointing at the Finance Firm TIAA

In the treacherous world of finance, where investors confront biased advice, hidden costs and onerous fees, one investment giant seems to stand apart — the Teachers Insurance and Annuity Association, also known as TIAA. Calling itself a “mission-based organization” with a “nonprofit heritage,” TIAA has enjoyed a reputation as a selfless steward...

O’Reilly Settled New Harassment Claims, Then Fox Renewed His Contract

Last January, six months after Fox News ousted its chairman amid a sexual harassment scandal, the network’s top-rated host at the time, Bill O’Reilly, struck a $32 million agreement with a longtime network analyst to settle new sexual harassment allegations, according to two people briefed on the matter — an extraordinarily large amount for such...

Il ritorno dell'Italia

Ecco perché questa volta è vera crescitaRead More