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

Australian voters approve gay marriage

FINALLY, after voting that lasted two months, November 15th brought a result. To the question “Should the law be changed to allow same-sex couples to marry?” almost 62% of Australians said yes; 38% said no. The Yes vote prevailed in all six of Australia’s states and its two main territories. Barely hiding a sense of relief, if not triumph,...

Journalist award

Miranda Johnson, The Economist’s former environment correspondent now based in South-East Asia, has won the Maritime Foundation’s Desmond Wettern Media Award for her coverage of the ocean.Read More

Japanese women are working more, but few are getting ahead

WHEN Kanako Kitano was job-hunting, she looked for a company that would not treat her differently because she is female. “The companies talked about how they gave the same opportunities to men and women,” the 21-year-old says. “But at the career fair they had men doing the talking surrounded by a bunch of women handing out leaflets.” She...

As South Asians gasp for breath, governments sit on their hands

THROUGHOUT its steep climb away from Delhi, the plane remained enveloped in an acrid fug. It was not until it reached cruising altitude that sunlight could break through. Off to the north, tickling an achingly blue sky, the pristine pinnacles of the Himalayas whispered a promise of fresh air. But as the aircraft crested the lip of the jagged bowl...

Indian states do battle over a sickly treat

A rasgulla by any other name… THE bowl filled with rasgulle at the counter of the K.C. Das sweet-shop wears a bejewelled turban, as if it were a human head. Its contents look like brains in a vat—and exert an unearthly power over the local imagination. On November 14th, to the delight of sweet-toothed Bengalis, India’s official registry of...

Mena

24th World Islamic Banking Conference announces 3rd Series of WIBC Leaderboard to promote and foster global Islamic Banking

The 3rd series of the WIBC Leaderboard will see top performing Islamic Financial Institutions from Bahrain, Bangladesh, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia vying for the WIBC Awards recognizing the Best Performing Banks at the Global, Regional and Country Level. Committed in its vision to promote...

How Robert Mugabe held on to power for so long

IT WAS the dismissal and flight abroad of Robert Mugabe’s oldest and trustiest lieutenant that finally led to his downfall. Grace Mugabe, the 93-year-old president’s avaricious wife, was thought to be behind the sacking. Younger than her husband by 41 years, she plainly sought to inherit the throne. Yet she overplayed her hand. Within a week...

Iran and Saudi Arabia take their rivalry to Lebanon

Hi stranger. It’s been a while SAAD HARIRI is an unlikely hero for Lebanon. Despite inheriting a powerful surname—not to mention a vast construction company, Saudi Oger—he often bemoaned his lot. He seemed to live in the shadow of his father, Rafik, a former prime minister, whose assassination in 2005 (probably at the behest of Syria) propelled...

World Islamic Banking Conference announces record 24th edition in strategic partnership with the Central Bank of Bahrain

The 24th edition of WIBC, also the world’s longest running Islamic banking conference, is set to return to Bahrain this December, and will take stock of the most pressing issues affecting the global financial landscape. Middle East Global Advisors, a leading financial intelligence platform facilitating the development of knowledge-based economies...

Louvre Abu Dhabi is the Gulf’s new go-to cultural destination

Build it and they will come AS EMMANUEL MACRON and Muhammad bin Zayed, the president of France and the crown prince of the United Arab Emirates (UAE), walked towards the Louvre Abu Dhabi (LAD) for its grand opening on November 8th, their eyes were fixed on the magnificent silvery domed roof—as heavy as the Eiffel Tower—that appears to float...

International

State of the Art: Twitter, It’s Time to End Your Anything-Goes Paradise

Farhad ManjooSTATE OF THE ARTEarlier this month, Twitter did something radical: The social network famous for its 140-character limit doubled it to 280.Weirdly, the world didn’t end. There was some whining from old-timers, which quickly died out. Mostly, everything was O.K. Some might even say the change was for the better.There’s a lesson in this...

Net Neutrality Repeal: What Could Happen and How It Could Affect You

AdvertisementFor you and me, the Federal Communications Commission’s plan to repeal net neutrality rules can be boiled down to two questions: What might happen? And whom do you trust?Here’s our guide for internet users looking for answers.The BackdropThe net neutrality rules were passed in 2015 during the Obama administration when Democrats controlled...

Washington Has Delivered a Tangled Message on AT&T’s Power

In a matter of hours this week, the Trump administration twice weighed in on one of the central issues shaping business and society today — just how much market power big companies should be allowed to amass.Yet in back-to-back developments, two federal agencies arrived at starkly different conclusions, and one company, AT&T, found itself on opposite...

U.S. Bribery Case Sheds Light on Mysterious Chinese Company

AdvertisementPatrick Ho flew to New York in fall 2014. His intention, according to the Justice Department, was to bribe African officials on behalf of a private Chinese conglomerate with global ambitions and enormous wealth.In meetings at the United Nations, Mr. Ho, a former Hong Kong civil servant, laid the groundwork for millions of dollars of payments...

Uber Discloses Data Breach, Kept Secret for a Year, Affecting 57 Million Accounts

SAN FRANCISCO — Uber disclosed Tuesday that hackers had stolen 57 million driver and rider accounts and that the company had kept the data breach secret for more than a year after paying a $100,000 ransom.The deal was arranged by the company’s chief security officer and on the orders the former chief executive, Travis Kalanick, according to several...