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

Afghans worry about the return of Shia fighters from Syria’s civil war

ALIREZA QANBARI has still not told his parents the truth about what he did when he left Afghanistan for Iran. The 23-year-old is happy for his father to believe he worked as a labourer. In fact, he fought with an Afghan militia recruited by Iran to help prop up the government in Syria’s civil war. With the war now dying down, Afghan fighters are starting...

The president of the Philippines wants to rename his country

RODRIGO DUTERTE, the perpetually disgruntled president of the Philippines, is unhappy about the name of his country. “I want to change it someday,” he remarked earlier this month in one of his customary rambling speeches. “No particular name yet but, sure, I would like to change the name of the Philippines, because the Philippines is named after...

Japan says transgender people must be sterilised

SHOULD TRANSGENDER people be sterilised before they are recognised? Earlier this year Japan’s Supreme Court decided that the answer is yes. Takakito Usui, a transgender man (ie, someone who was born female but identifies as male), had sued over a requirement that, to be officially designated a man, he has to have his ovaries and uterus removed (as...

Air strikes on Pakistan may win Narendra Modi India’s election

THE STARTER’S gun has been fired on the biggest democratic exercise on Earth: an Indian general election. The Election Commission has set out a schedule for the country’s 900m-odd eligible voters to select a new parliament, in seven stages, with results due on May 23rd. The process, despite electronic voting and an increase in polling stations,...

Thailand’s generals plan to remain in charge, whatever voters say

“WE WILL TAKE good care of the price of rice in the market,” declares Uttama Savanayana, the leader of the Palang Pracharat party, to a sweating crowd of farmers in Thailand’s north-east. The party, which supports the ruling military regime and is staffed by several of its former ministers, such as Mr Uttama, was founded last year. It will carry...

Europe

Indians may be falling out of love with gold

P.N. GADGIL & SONS, a jewellery shop in Thane, a suburb of Mumbai, is gearing up for the wedding season—a busy time for gold sales, even if demand is brisker still during Hindu festivals, when jewellers stay open almost round the clock. Free samosas and Pepsi are offered to those queuing outside; inside, the noise and bustle are non-stop. Indians...

Wells Fargo takes a pasting, from Congress and a regulator

“YOU HAVE not been able to keep Wells Fargo out of trouble,” Maxine Waters told Tim Sloan, the chief executive of America’s fourth-biggest bank, on March 12th. Ms Waters, the Democrat who since January has chaired the House of Representatives’ Financial Services Committee, is not alone in her ire. Patrick McHenry, the committee’s senior Republican,...

How to be a rock-star bond investor

ONE NIGHT in 1965, Keith Richards woke up with a riff going around inside his head. He reached for his guitar, played the bare bones of a song into a cassette recorder and promptly fell asleep. Mick Jagger was soon scribbling lyrics by the swimming pool. Four days later, the Rolling Stones recorded “(I Can’t Get No) Satisfaction”. Hit records...

Euro-zone fiscal policy is easing for the first time in a decade

IT IS HARD to defend yourself with one hand tied behind your back. Yet the euro area’s economy has been repeatedly asked to do just that. Whenever it is taking a beating, it has had to fight back with monetary policy alone. The European Central Bank (ECB) has cut rates to zero and below, bought bonds by the bucketload and lent super-cheaply to banks....

China’s current-account surplus has vanished

IN A CONTROL room at the headquarters of Ctrip, China’s largest online travel agency, dozens of fluorescent lines flash every second across a big digital map of the world. Each line represents an international flight sold on Ctrip’s platform. The top destinations on the morning of March 11th, when your correspondent visited, were Seoul, Bangkok...

Mena

Syria’s broken schools will make it difficult to fix the country

AFTER EIGHT years of civil war, Syria’s education system is a wreck. Nearly 3m school-age children, a third of the total, do not attend classes. That is, in part, because 40% of schools are unusable. Some have been damaged in the fighting; others are being used by armed groups or the displaced. The schools that still function are crammed and there...

Tanzania’s leader, the “Bulldozer”, runs off course

SEDITION AND statistics are two words that crop up with increasing regularity in the utterances of officials loyal to Tanzania’s president, John Magufuli. Last month a usually compliant daily newspaper, the Citizen, had the cheek to mention that the Tanzanian shilling’s value at the unofficial exchange rate had been sliding. Though this was plainly...

Press freedom in Ethiopia has blossomed. Will it last?

ESKINDER NEGA founded his first newspaper, Ethiopis, in 1993. After seven issues it was forced to close, the first paper charged under a muzzling law introduced by the Ethiopian People’s Revolutionary Democratic Front (EPRDF), which had shot its way to power two years before. Three more of Eskinder’s newspapers were shut down by the courts. In 2012...

Kenya’s big-tent government has averted violence, but may stunt growth

LITTLE OVER a year ago, Kenya seemed to be teetering. Swathes of the country refused to recognise Uhuru Kenyatta (pictured, left) as their president. Nearly 100 people had died in political violence after he was declared winner of a brace of elections in late 2017. The opposition’s leader, Raila Odinga (pictured, right), having rejected his rival’s...

Algeria’s 82-year-old president, Abdelaziz Bouteflika, bows out

THE MAN who does not speak finally listened. On March 11th Algeria’s president, Abdelaziz Bouteflika, announced that he would not run for a fifth term. That has been the demand of tens of thousands of protesters over the past three weeks. Mr Bouteflika, 82, has ruled for 20 years. A stroke in 2013 left him confined to a wheelchair and barely able...

International

Racing Against China, U.S. Reveals Details of $500 Million Supercomputer

AdvertisementSupported byRacing Against China, U.S. Reveals Details of $500 Million SupercomputerImageThe Aurora supercomputer is scheduled to be delivered to the Argonne National Laboratory near Chicago in 2021.CreditCreditLyndon French for The New York TimesBy Don ClarkMarch 18, 2019SAN FRANCISCO — The Department of Energy disclosed details...

Deutsche Bank and Trump: $2 Billion in Loans and a Wary Board

AdvertisementSupported byDeutsche Bank and Trump: $2 Billion in Loans and a Wary Board New details are emerging about the long, symbiotic and at times troubled relationship between the president and his loyal German bank. ImageWhen Donald J. Trump defaulted on a loan for Trump International Hotel in Chicago, he sued Deutsche Bank, which lent him the...

Trump and Deutsche Bank: $2 Billion in Loans, a Wary Board and Colorful Bankers

AdvertisementSupported byTrump and Deutsche Bank: $2 Billion in Loans, a Wary Board and Colorful Bankers New details are emerging about the long, symbiotic and at times troubled relationship between the president and his loyal German bank. ImageWhen Donald J. Trump defaulted on a loan for Trump International Hotel in Chicago, he sued Deutsche Bank,...

Japan’s Olympic Chief to Step Down Amid Corruption Investigation

AdvertisementSupported byJapan’s Olympic Chief to Step Down Amid Corruption InvestigationImageTsunekazu Takeda was an Olympic equestrian before becoming president of the Japanese Olympic Committee.CreditCreditKim Kyung-Hoon/ReutersBy Ben DooleyMarch 19, 2019TOKYO — The head of Japan’s Olympic Committee said on Tuesday that he would...

Levi’s, Whose Jeans Are a Rugged Symbol of Americana, Prepares to Go Public

ImageLevi's Vintage collection in The Levi’s Flagship Store in Times Square, New York. Levi & Strauss Co. is set to go public on NYSE this week.CreditCreditGabby Jones for The New York TimesSectionsSkip to contentSkip to site indexLevi’s, Whose Jeans Are a Rugged Symbol of Americana, Prepares to Go PublicThe maker of denim...