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

A court case exposes Singapore’s Victorian attitudes to families

Just don’t procreate IT SOUNDS like something out of a Lewis Carroll novel. First, a father had to petition the courts to be allowed to adopt his own biological son, who was born in America with the help of a surrogate, and thus was not automatically considered his child under Singaporean law. Then on December 26th a judge ruled that the adoption...

A small town in Japan doubles its fertility rate

A rare sight A PATCHWORK of nondescript houses nestled at the foot of a mountain, Nagicho looks like an ordinary Japanese town. On closer inspection, something extraordinary marks it out: babies. Yuki Fukuda is one of many local mothers with three children. The bump under her winter coat indicates that another is on the way, part of a baby bonanza...

A small Japanese city shrinks with dignity

THE snow accumulating on the Japan Alps is a reminder of the unforgiving winters in the city of Toyama. Kazuko Onagawa, at 87 years old, is unfazed. Lithe and trim, she power-walks around a swimming pool in the Kadokawa Preventative Care Centre. After she dries off she may drop into the gym, rehabilitation room or massage parlour. A doctor is permanently...

Why modern Japan’s founding moment still divides a nation

THE story of Japan’s modernisation began 150 years ago this month, when a band of young samurai and their allies overthrew the Tokugawa shogunate and with it seven centuries of feudal rule. Under the shoguns (military rulers), merchant and cultural life—centred upon bustling Edo—had been far from stagnant, as the stunning woodblock prints...

A watertight store of Indians’ personal data proves leaky

AADHAAR, India’s project to issue every resident a unique, biometrically verifiable identification number, is big, bold and in many ways brilliant. Aadhaar IDs provide a quick, easy and theoretically foolproof way for civil servants and firms to know for sure with whom they are dealing. Officials say the scheme allows better targeting of welfare....

Europe

French adviser reviews multi-factor based alt-Ucits funds

Vincent Batailler, founder and managing partner of Paris-based advisory firm Iodda Advisors, has looked into multi-factor based investment strategies and their proliferation in recent years. Pointing that three years ago, only around 20 alt-Ucits funds… ...Read More

A&G Private Banking bolsters Sevilla and Valencia offices

Spain’s A&G Private Banking has further expanded its team with the hire of two private bankers for its Sevilla office and one for Valencia. The three appointments – José Javier Sánchez, Miguel Ángel Velasco and José… ...Read More

Marc Bindschädler of Vontobel discusses EM equities at Nordic Summit

Marc Bindschädler, senior portfolio adviser at Vontobel Asset Management is set to outline reasons why stock selection is key to success in emerging market equities, when he takes part in the Nordic Summit Stockholm 2018,… ...Read More

French equity portfolio manager unveils top three stocks

French equity specialist Louis Albert (pictured) runs the IDAM Small France fund at Paris-based boutique IDAM he co-founded with Stéphane Baudin last year. Albert, who is also the firm’s chief investment officer and managing partner, has taken… ...Read More

Primonial reports €524m inflows in 2017 for AM biz before sale

French financial group Primonial has reported €5.51bn of gross inflows for the full year 2017, of which €889m came from its asset management segment. Primonial detailed that the share of its multi-boutique arm Primonial Investment… ...Read More

Mena

The Gambia’s once-ruthless intelligence agency is opening up

DEEP inside the headquarters of the National Intelligence Agency of the Gambia is a dark and airless dungeon barely big enough for one person. Infested by mosquitoes and reeking of urine, the notorious bambadinka (crocodile hole) was dreaded by opponents of Yahya Jammeh, the Gambia’s president from 1996 to 2017. Mr Jammeh used the agency...

How 143 mentally ill South Africans were sent to their deaths

“MY DAUGHTER was the first to die,” says Maria Phehla, pulling her thin yellow jersey tight, as if to contain the grief consuming her birdlike frame. “It was a painful death.” It was also an untimely and needless one. Ms Phehla’s daughter, Deborah, was 46 years old when she died just three days after South Africa’s health authorities...

How war affects wildlife

Pachyderms for peace HUMANS bear the brunt of war. But other creatures get caught in the crossfire. During Mozambique’s bloody civil war from 1977 to 1992, giraffe and elephant herds in the Gorongosa national park shrank by more than 90%. Between 1983 and 1995, while the Lord’s Resistance Army terrorised Uganda, topi and roan, two species of...

A new levy is one step towards fixing Saudi Arabia’s fiscal woes

MANY Saudis saw in the new year by posting photos of their Starbucks receipts on social media. On January 1st the kingdom imposed its first-ever value-added tax (VAT), a 5% levy meant to help close a yawning budget deficit. It covers most goods and services, though sectors like health and public transport are excluded. (The United Arab Emirates...

Anger over the Tunisian government’s belt-tightening spills over into unrest

Peas, bread and airtime! ALMOST seven years to the day after they toppled a dictator, sparking the Arab spring, Tunisians are back on the streets. Since January 8th thousands of people have joined protests about economic hardship. There has been unrest in the capital, Tunis, where demonstrators ransacked a supermarket. It is worse in the impoverished...

International

Flurry of Lawsuits Filed to Fight Repeal of Net Neutrality

AdvertisementWASHINGTON — The legal fight against the Federal Communications Commission’s recent repeal of so-called net neutrality regulations began on Tuesday, with a flurry of lawsuits filed to block the agency’s action.One suit, filed by 21 state attorneys general, said the agency’s actions broke federal law. The commission’s rollback...

State of the Art: It’s Time for Apple to Build a Less Addictive iPhone

AdvertisementIt’s not Apple’s fault that you feel enslaved by your phone. But the company that gave the world the modern smartphone has a perfect opportunity this year to create a brave and groundbreaking new take on that device: a phone that encourages you to use it more thoughtfully, more deliberately — and a lot less.Tech “addiction” is...

China's Sports Industry Is Allegedly Growing Faster Than The National Economy

The Chinese National Bureau of Statistics reported growth as expected. But that's no surprise. So, what can you learn from this week's official report, even if you can't really trust it?Read More

Violent Crime Has Dropped In Border States With Legal Cannabis: Study

A new study suggests that legalized cannabis may be reducing violence in states that border Mexico, where U.S.-bound drug traffic has caused countless deaths and raised trillions for cartels.Read More

Poll Finds Upturn in Sentiment on Tax Overhaul and Economy

AdvertisementAmericans are warming to the Republican tax law, and becoming more confident in the economy as a whole. They just aren’t sure that President Trump deserves much credit.The tax overhaul that Mr. Trump signed into law just before Christmas remains relatively unpopular and highly polarizing, according to a new poll conducted for The New...