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

The leaders of the two Koreas put on another great performance

THE setting keeps changing; the pictures, not so much. Kim Jong Un, North Korea’s dictator, welcomed Moon Jae-in, the South’s president, to Pyongyang airport on September 18th for their third summit since April. As during the previous two, there were hugs and smiles galore. Some were reserved for the North Korean children who presented Mr Moon...

For many Asian leaders, elections are too pivotal to be left to voters

NEVER let anyone accuse President Abdulla Yameen of leaving things to chance. He was first elected to run the Maldives in 2013 by a wafer-thin margin—just 6,000 votes. The story of his time at the head of this atoll nation of 400,000 people spread over a vast expanse of the Indian Ocean has been one of determined entrenchment. It is a story about...

Kyrgyzstan resorts to radical tactics against radical Islamists

Careful what you read WHAT do a report on the mistreatment of migrant workers, a pamphlet from Hizb ut-Tahrir (an international group that wants an Islamic caliphate but disavows violence) and a Dutch film called “I am gay and Muslim” have in common? According to the authorities in Kyrgyzstan, a former Soviet republic of 6m people, they are...

Far more Indians kill themselves than previously assumed

EARLIER this year a neighbour dropped by the Chundawats’ house in the northern suburbs of Delhi, wondering why his friend Lalit had not opened his nearby shop. When he let himself in the reason became clear. Everyone inside—11 people from three generations—was dead. Two brothers, their wives, a sister and their children dangled from the ceiling...

Japan’s prime minister has a lot to do in his last years in office

THE outcome was never really in doubt, just the margin—and in the end that proved comfortable too. This week Shinzo Abe won a third consecutive term as leader of the Liberal Democratic Party (LDP), earning 69% of the vote in a ballot of the party’s members and MPs. Since the LDP has a big majority in parliament, that gives him three more years...

Europe

Le président Hoyer rencontre le président Macri à Buenos Aires

Les présidents ont échangé leurs vues sur le rôle de l’Argentine dans le contexte des réunions du G20 et de la complexité de la situation économique dans les marchés émergents.Read More

Denmark’s biggest bank reports on its Estonian shambles

“THE bank has clearly failed to live up to its responsibility,” said Ole Andersen, chairman of Danske Bank, on September 19th. Well, indeed. The findings of an inquiry into the laundering of money, much of it from Russia, through Danske’s Estonian branch are sobering. The euro amount rinsed through the branch’s books runs to 12 digits and...

How the yuan sets the tone in currency markets

MARIO DRAGHI, boss of the European Central Bank (ECB), is a polished speaker, clear and direct. Yet there was a moment after the bank’s monetary-policy meeting on September 13th when he was uncharacteristically vague. Asked how the ECB might recycle the proceeds from maturing bonds once it ends its bond-buying programme, he said the issue had...

What a controversial pastry says about China’s economy

Gift or graft? MOONCAKES are among the most divisive treats. For some the chewy pastries are delicacies on which to gorge for the Mid-Autumn Festival, a Chinese holiday that falls this year on September 24th. For others they are dry, dense and full of calories. But for economists they are something else entirely: an indicator of important trends...

The Fed stalls the creation of a bank with a novel business model

TEN years on from the financial crisis, the structure of American banking has not changed. At its core are government-guaranteed, and therefore cheap, deposits that banks put to work, primarily through lending. Deposits have become more important for bank funding in recent years; governments have become increasingly fussy about how the money is...

Mena

Child marriage in Africa

IN A dusty village in southern Niger, Fatia holds her daughter close to her breast, smiling, though the baby looks much too large for her. Four years ago she married at the age of 16, she reckons, but she may have been younger. Since then she has had two children. Three out of four girls in Niger are married before they are 18, giving this poor...

Turkey and Russia cut a deal over Syria

WITH the grim spectre of a Russian-backed assault hanging over the Syrian rebels’ last redoubt in Idlib, the province’s civilians had begun to prepare for the worst. Some had stocked crude underground shelters with pickled vegetables, even though many already struggle to find enough food to eat. Others had fashioned homemade gas-masks from...

Africa’s high birth rate is keeping the continent poor

JOHN MAGUFULI, the president of Tanzania, has strong views about birth control. He does not see the point. In 2016 he announced that state schools would be free, and, as a result, women could throw away their contraceptives. On September 9th this year he told a rally that birth control was a sign of parental laziness. Tanzania must not follow Europe,...

A general tells Israel that its army must be still readier to fight

Come back later, when we’re ready IN THE twin towers of Israel’s Ministry of Defence and the neighbouring headquarters of the Israel Defence Forces (IDF) in central Tel Aviv, the brass hats summed up the end of the Jewish year with their customary briefings to politicians and journalists. With slideshows of maps and graphs showing why Israel’s...

France may take the lead in fighting jihadists

BY ANY standards, the international airport of Niger’s capital is a dozy spot— unless you are a French military air-traffic controller. On the civilian side of the ramshackle airport a few planes come and go. The contrast with the military side could not be starker. Helicopters and military transport planes sit on the apron. Mirage warplanes...

International

Workers Overdose on the Job, and Employers Struggle to Respond

Workers Overdose on the Job, and Employers Struggle to RespondImageJimmy Sullivan has been a bricklayer for more than two decades. For several years, Mr. Sullivan injected a shot of heroin in his car before starting work.CreditCreditHeidi de Marco/Kaiser Health NewsBy Jenny GoldSept. 21, 2018Jimmy Sullivan prepared for his job as a bricklayer the same...

Google C.E.O. Denies Allegations of Political Bias in Search Results

Google C.E.O. Denies Allegations of Political Bias in Search ResultsImage“We do not bias our products to favor any political agenda,” Google’s chief executive, Sundar Pichai, wrote in an email on Friday.CreditCreditJeff Chiu/Associated PressBy Kate CongerSept. 21, 2018SAN FRANCISCO — Sundar Pichai, Google’s chief executive,...

Inside Italy’s Shadow Economy

Inside Italy’s Shadow EconomyWithin a distressed labor market, thousands of low-paid home workers create luxury garments without contracts or insurance.By Elizabeth Paton and Milena LazazzeraSept. 20, 2018ImageCreditGianni Cipriano for The New York TimesBARI PROVINCE, Italy — In a second-floor apartment in the southern Italian town of Santeramo...

Michelle Obama’s Big Book Rollout: ‘It’s Like You’re Looking at a Madonna Tour’

Michelle Obama’s Big Book Rollout: ‘It’s Like You’re Looking at a Madonna Tour’ImageMichelle Obama at the annual American Library Association conference in June. After keeping a relatively low profile since leaving the White House, the former first lady is returning to the public sphere in dramatic fashion.CreditCreditGerald...

Tariffs to Raise Cost of Rebuilding After Hurricane Florence

Tariffs to Raise Cost of Rebuilding After Hurricane FlorenceImageCharles T. Wilson III, a contractor based in Durham, N.C., said tariffs had driven up the cost of countertops and other building materials.CreditCreditTravis Dove for The New York TimesBy Nelson D. SchwartzSept. 21, 2018When the floodwaters from Hurricane Florence recede and rebuilding...