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

Asia’s trade negotiators decide they can no longer wait for India

STUFF TOO many sheaves of paper into a stapler and it will struggle to fasten them together, however thin each page may be. The same is true of the Regional Comprehensive Economic Partnership (RCEP), a long-delayed trade deal involving 16 Asian countries. RCEP was intended to bind together all of the existing trade agreements between the Association...

Religious protesters have put Pakistan’s government on the defensive

RIZWAN AHMAD says he has everything he needs for the long haul. The 20-year-old has swapped his austere madrasa in Sukkur, a city in Sindh province, for a makeshift camp beside a motorway outside Islamabad, the capital, nearly 1,000km (620 miles) to the north. He has bedding, warm clothes, food and shelter. Anything else, God will provide. Tents, tarpaulins,...

Was shutting Japan’s reactors deadlier than the Fukushima disaster?

SNUGGLED AMID lush fields and forests, Namie was doomed by its proximity to the local power plant. In 2011 the town’s 21,000 residents were ordered to evacuate after a tsunami overwhelmed the Fukushima nuclear facility 4km away. Soon after, all 54 reactors in Japan were shut down amid safety fears, winking out nearly 50 gigawatts of generating capacity....

China tries to deepen economic ties with Taiwan yet more

EARLY THIS year China’s leader, Xi Jinping, grandly repeated his country’s longstanding vow to bring the democratic island of Taiwan back into the Chinese fold, if necessary by force. But force has never been China’s preferred option: it has long sought to integrate the Taiwanese economy with its own, in part in the hope that independence might...

Bangladesh’s biggest city plans to ban cycle rickshaws

FOR MANY Westerners, the cycle rickshaw (also known as the cyclo or pedicab) is an iconically Asian form of transport. In fact, most Asian cities have long since abandoned them (and a few European and North American cities have taken them up). But in Bangladesh the cycle rickshaw is as popular as ever. In the capital, Dhaka, rickshaws can be seen creaking...

Europe

Internationale Solidaritätskonferenz zur venezolanischen Flüchtlings- und Migrationskrise: Präsident Hoyer über Hilfe der EIB für Aufnahmeländer von Flüchtlingen und Migranten aus Venezuela

EIB-Präsident Werner Hoyer hat an der „Internationalen Solidaritätskonferenz zur venezolanischen Flüchtlings- und Migrationskrise“ in Brüssel teilgenommen. Organisiert wurde die Veranstaltung von der Europäischen Union, dem Amt des Hohen Flüchtlingskommissars der Vereinten Nationen und der Internationalen Organisation für Migration.Read More

EIB launches the International Climate Initiative Fund to support investment in climate change mitigation and adaptation in developing countries

At its 2019 Annual Donors conference, the EIB announced the creation of the International Climate Initiative Fund (IKI Fund), which seeks to mobilise finance for climate change mitigation and adaptation activities in developing countries and emerging economies.Read More

EIB supporting private sector investment across Africa

African business and political leaders welcomed new EIB support to strengthen private sector investment across Africa at the Africa Investment Forum in South Africa.Read More

Revisiting the euro’s north-south rift

SINCE THE euro zone was first engulfed by a sovereign-debt crisis a decade ago, northern member states have dished out plenty of strictures. “Greece, but also Spain and Portugal, have to understand that hard work...comes before the siesta,” advised Bild, a German tabloid, in 2015. Two years later, even as the crisis receded, Jeroen Dijsselbloem,...

Belligerent unions are a sign of economic health

THE DISSONANCE could hardly have been more apparent. America’s most recent employment figures captured a jobs market in fine fettle: firms added 128,000 new workers in October, while unemployment held near historically low levels and wages rose at a respectable clip. The data would probably have looked better, however, had they not been depressed...

Mena

Iran’s nuclear programme takes a dangerous step

THE FORDOW nuclear plant in northern Iran would make an ideal lair for a Bond villain. Russian-made surface-to-air missiles guard the skies around it. The facility itself is buried under a mountain. Several hundred feet down, in two cavernous halls, neat rows of centrifuges spin uranium gas to produce fissile isotopes, which could be used for nuclear...

Saudi Arabia should listen to critics of its reform programme

INSIDE AN ORNATE conference hall the boss of a $100bn tech fund spoke to rows of empty chairs. Then he briefly fell asleep. Outside the hall Anthony Scaramucci, the colourful financier who lasted ten days as Donald Trump’s communications director, dispensed questionable political analysis. An American company hawked jetpacks. A robot urged passers-by...

English-speaking villages are burning in Cameroon

ON A PLANTATION in Tiko, in south-west Cameroon, Adeline rubs the gap in her right hand where her index finger used to be. She arrived in the town in July 2018, having fled Ekona, 15 miles away. In that village soldiers terrified civilians by burning houses and shooting indiscriminately as part of a crackdown on militias that want the primarily English-speaking...

How Jerusalem is dealing with a grave shortage

WALKING THROUGH the Minharot Olam (Perpetual Tunnels) project in Jerusalem is like navigating a massive honeycomb. The developers have cut a mile (1.6km) of tunnels through the earth that are over 50ft (16 metres) high. Some are 18 storeys below ground. Within each, giant drills have burrowed thousands of holes into the walls and ground. Soon they will...

Guinea-Bissau, Africa’s most famous narco-state, goes to the polls

NEAR THE port of Bissau, the capital of Guinea-Bissau, one of Africa’s smallest states, is a neglected monument to past rebellion. A giant fist of black steel commemorates striking dockers gunned down by Portuguese soldiers in 1959. The strike—and subsequent massacre—helped start a war for independence led by the African Party for the Independence...

International

A Milk Giant Goes Broke as Americans Quit Old Staples

When Dean Foods was founded in the 1920s, milkmen still delivered pints to homes across the country and a glass of milk was considered a nourishing part of any meal. Nearly a century later, milk is quickly falling out of fashion, and Dean Foods has found itself unable to compete as plant-based and lactose-free alternatives become more popular.The largest...

MSNBC’s Surprise Guest: George Conway, Husband of Kellyanne

Even in television news, a little stunt casting can’t hurt.MSNBC turned heads on Wednesday when, minutes before the House impeachment hearings got underway, the network announced a surprise guest: George T. Conway III, the conservative lawyer and husband of President Trump’s White House counselor, Kellyanne Conway.Little known outside legal circles...

Jeffrey Epstein’s Estate May Set Up a Program to Pay Accusers

Lawyers for Jeffrey Epstein’s estate are considering setting up a program to resolve claims filed by women who say they were abused by the financier, who killed himself in August while facing federal sex trafficking charges.The plan was disclosed in a court filing on Tuesday by a lawyer for one of Mr. Epstein’s accusers, who is suing the estate...

Texting While Walking is Dangerous. Here’s How to Stop.

You’re walking around and a thought occurs: “I should check my phone.” The phone comes out of your pocket. You type a message. Then your eyes remain glued to the screen, even when you walk across the street.We all do this kind of distracted walking, or “twalking.” (Yes, this term is really a thing.)The behavior has spawned debates among lawmakers...

Carl’s Jr.’s Marketing Plan: Pitch Burgers, Not Sex

For years Carl’s Jr. tried to get attention by following an old advertising adage: Sex sells. The fast-food chain’s commercials featured Heidi Klum licking a burger, Kim Kardashian lounging in a bubble bath and Paris Hilton in a revealing swimsuit washing a Bentley. It even trolled critics with a defiant statement: “We believe in putting hot models...