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 are increasingly concerned about climate change

WHENEVER HE FLIES out of Melbourne, Steve Stefanopoulos gets a view of wilting grass. The reservoirs supplying the city’s water are low. It relies on a desalination plant to meet its needs. This worries Mr Stefanopoulos, the mayor of an affluent eastern suburb. In a federal election on May 18th, he wants someone “to stand up and do something about...

Why Afghanistan’s government is losing the war with the Taliban

SITTING ON A dusty rug beside their lorries at the edge of Kandahar, Afghanistan’s second city, a group of middle-aged drivers explain the difference between the Taliban and the government. Both groups take money from drivers on the road, says Muhammad Akram, leaning forward in a black kurta; both are violent. But when the Taliban stop him at a checkpoint,...

Police in Kazakhstan inadvertently become conceptual artists

ASLAN SAGUTDINOV had a hunch. The authorities in Kazakhstan are so intolerant of dissent, he reasoned, that it does not really matter what protesters write on their placards. Simply holding up a sign of any sort is considered subversive enough to merit arrest. After all, two democracy activists, Asya Tulesova and Beybaris Tolymbekov, had been arrested...

Cheap solar panels boost the Afghan poppy crop

IN HIS FIELD in Zhari district, about ten miles outside Kandahar city, Abdul Samad, a farmer of uncertain age, tends to his onion crop. Sitting on his haunches, a blanket on his shoulders to protect him from the dusty wind, he points to his latest investment: an array of solar panels at the end of the field. They are connected to a pump which pulls...

Why dowries persist in South Asia

THE WORD for dowry in Bangladesh is an English one: “demand”. It is the price, in other words, that the groom’s family demands in order to admit the bride to their household. In theory, such transactions are illegal in both Bangladesh and India, and limited in value by law in Pakistan. The legislators who enacted these rules (in 1961 in the case...

Europe

EIB und andere Entwicklungsfinanzierer stellen gemeinsame Website für Länderanalysen vor

Auf der neuen Website werden länderbezogene Analysen internationaler Finanzierungs- und Entwicklungsinstitutionen zusammengeführt und für Entscheidungsträger, Wissenschaft und Zivilgesellschaft zugänglich gemacht.Read More

Discussions at the EIB on diversity and inclusion

Luxembourg Diversity Day (Diversity Day Lëtzebuerg) on 15 May is an occasion to emphasise the importance and benefits of diversity – particularly workplace diversity – across the country. The same goes for the International Day Against Homophobia, Transphobia and Biphobia (IDAHOT) on 17 May, which aims to raise awareness to combat prejudice and...

The biggest collapse in private-equity history will have a lasting impact

IN SEPTEMBER 2017 executives at Hamilton Lane, an asset manager, received an email. Entitled “Abraaj Fund VI warning”, it accused the Abraaj Group, a buy-out firm based in Dubai, of inflating the value of its investments to lure capital into its latest fund. The email was anonymous and littered with typos and grammatical errors, but its tone was...

Instant buyers are changing the way people buy and sell their homes

A WELL-FUNCTIONING market is one that enables buyers and sellers to execute transactions quickly, easily and cheaply. Take the market for oil, or for blue-chip shares. Lots of buyers and sellers, gathered on commodity or stock exchanges, mean lots of bids and offers. Transactions are speedy and fees low. Company bonds, by contrast, vary in their tenor...

Beneath the dull surface, Europe’s stockmarket is a place of extremes

IT WOULD BE hard to tell a story about America’s stockmarket without mention of at least one company that listed this century—Google or Facebook, say. Europe is rather different. Its bourses are heavy with giants from the age of industry but light on the digital champions of tomorrow. It is telling, perhaps, that its character can be captured in...

Mena

In Rwanda, farming competently is not enough

BY AFRICAN STANDARDS, Rwanda is an agricultural success story. Yields of bananas, beans, cassava and maize—the four main crops by land area—have all risen substantially since the turn of the century. Over the five years to 2017, the country’s maize fields were more productive than those in neighbouring Burundi, Kenya or Tanzania, according to...

Tensions between America and Iran worsen

WHEN DONALD TRUMP hired John Bolton to be his national security adviser, he reportedly joked that the mustachioed hawk was “going to get us into a war”. It is easy to see why. When serving under George W. Bush, Mr Bolton embellished intelligence on Cuban and Syrian weapons and lobbied hard for the invasion of Iraq. After leaving government he argued...

South Africa’s election results reflect widespread disillusion

“THIS IS A vote that reminds us of 1994,” said Cyril Ramaphosa as he cast his ballot on May 8th in Soweto, a township on the edge of Johannesburg. According to South Africa’s president, voters “were just as excited as this” 25 years ago. If so, they have a funny way of showing it. The first election after the end of apartheid in 1994 saw 86%...

Why people in Senegal pay a fortune for fancy sheep

“IF I HAD $100,000, I’d spend it all on sheep,” says Abib Seck, a sheep-dealer. Such enthusiasm is not unusual in Senegal. People there adore sheep. Not only are they delicious, they can also be status symbols. Every year during Tabaski, a religious festival, hundreds of thousands of them are sacrificed (and then gobbled up). Poorer families often...

Russia’s military gamble in Syria is paying off handsomely

THE GREAT victory train clattered across eight time zones and back before groaning into a military-exhibition ground outside Moscow last month. It pulled car after car of trophies from Syria, as well as wagonloads of patriotism and conspiracy theories. Here was a pockmarked American-made Humvee; there pickup trucks turned into battering-rams for...

International

Tech Jobs Lead to the Middle Class. Just Not for the Masses.

Brittney Ball was living in a homeless shelter with her baby when she learned of a one-year program offering technical training, professional skills and an internship. She took the plunge.Five years later, Ms. Ball is a software engineer in Charlotte, N.C., earning more than $50,000 a year. A 30-year-old single mother, she has health insurance, retirement...

As ‘Rocketman’ Prepares to Take Off, Hollywood Holds Its Breath

LOS ANGELES — Multiple movie studios passed on the opportunity to make “Rocketman,” an R-rated musical fantasia about Elton John’s hedonistic breakthrough years. Too gay. Too expensive. Too reliant on an unproven star.But one film company, the down-on-its-luck Paramount Pictures, saw the audacious project as a chance to prove something to both...

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

JACKSONVILLE, Fla. — Anti-money laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.The transactions, some of which involved Mr. Trump’s now-defunct foundation, set...

Running Scared: Network TV in the Streaming Age

As the curtain comes down on the 2018-19 television season, the major broadcast networks found themselves sinking deeper into trouble.Their once-dependable viewers have continued their migration to Netflix, Amazon and Hulu, and those who have yet to break the network habit are aging out of the group prized by advertisers.At their annual presentations...

Work in America Is Greedy. But It Doesn’t Have to Be.

The best employees show unending loyalty to work, staying long hours and being on call for bosses or clients. At least, that’s the credo of 21st-century American capitalism. But it doesn’t have to be this way. Even though long, unpredictable hours have become a feature of many jobs, and people who work them now earn disproportionately more, some...