Finance

Americas

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...

TCA Fund Management Group Seeks New Opportunity Among Under-Served Small And Middle Market Developing Companies

Specialist finance and advisory firm TCA Fund Management Group Corp. (‘TCA’) announced its intention to launch a small-cap private equity fund to invest in under-served growth stage companies, primarily in the US and UK. TCA Opportunities Fund I, LP, registered with the Guernsey Financial Services Commission will seek just to target 15 to...

Asia Pacific

Race-based affirmative action is failing poor Malaysians

THERE is something odd about MARA Digital, a cluster of stalls selling laptops, mobiles and other gizmos on the second floor of a shopping centre in Kuala Lumpur, Malaysia’s multicultural capital. No ethnic-Chinese or -Indian entrepreneurs are allowed to do business here. Spots in the market are reserved for Malays, the country’s majority race....

Thailand’s junta intensifies its hunt for critics of the monarchy

THE only historical record of Queen Chammathewi, the legendary founder of the Thai city of Lamphun, comes from a fanciful 15th-century chronicle written on palm leaves in an ancient liturgical language. It describes how, some time in the seventh century, she came to a spot that the Buddha had supposedly visited centuries before. With the help of...

Taking on Taiwan’s ruinous and partisan pension system

Retired but not retiring THE protests outside parliament got so ferocious that the 2,000 policemen defending the building barricaded it with barbed wire. That was soon festooned with angry placards. Inside, opposition politicians sought to disrupt parliamentary business: they seized the podium, and brawls broke out. In Taiwan, as everywhere else,...

Australians debate how to avoid shark attacks

Duh-dah, duh-dah, duh-dah MANY Australians dislike their country’s reputation as a hotbed of deadly creatures, but it is a brave surfer who has never felt a prickle of anxiety at what lurks beneath the surf. Laeticia Brouwer, a teenager who was recently killed by a shark in Western Australia, was the state’s third such fatality in under a year,...

As crime dries up, Japan’s police hunt for things to do

THE stake-out lasted a week, but it paid off in the end. The tireless police of Kagoshima, a sleepy city in the far south of the country, watched the unlocked car day and night. It was parked outside a supermarket, and contained a case of malt beer. Finally, a passing middle-aged man decided to help himself. Five policemen instantly pounced, nabbing...

Mena

World's leading Takaful forum delivers dedicated InsurTech stream

Over 250 Leading experts and Technology Gurus converged on the final day of the 12th Annual World Takaful Conference Building on the proceedings of Day 1 that witnessed over 350 Takaful leaders converge with the aim of fostering industry-wide collaboration, the second and final day of the 12th Annual World Takaful Conference convened by Middle...

Director General of Insurance Authority inaugurates world's largest Takaful gathering

Over 350 Takaful leaders converged with the aim of fostering industry-wide collaboration at the 12th Annual World Takaful Conference This morning, a packed audience of over 350 key industry leaders gathered from various markets ranging from the MENESEA, witnessed path-breaking insights unfold at the 12th edition of the World Takaful Conference (WTC)....

Milliman to launch Global Takaful Report 2017 at 12th edition of World Takaful Conference

The 12th annual World Takaful Conference (WTC), convened by leading financial intelligence platform, Middle East Global Advisors, will serve as a platform for the exclusive launch of a unique report by one of the world’s largest actuarial and consulting firms. Milliman will present the Global Takaful Report 2017, entitled “Market Trends...

​World Takaful Conference to highlight how embracing a sustainable competitive strategy is the need of the hour for Takaful Operators

12th edition of conference to focus on the need for Takaful operators to revamp current strategies with the aim of increasing dwindling bottom line and underwriting profit margins. The 12th annual World Takaful Conference (WTC), convened by leading financial intelligence platform, Middle East Global Advisors, and held in strategic partnership with...

Harmonization of industry regulatory frameworks a key theme at World Takaful Conference 2017

12th edition of conference to spearhead discussions underscoring the need for more collaboration amongst regulators and standard setters to address the prevalent fragmentation of the Takaful industryThe 12th annual World Takaful Conference (WTC), convened by leading financial intelligence platform, Middle East Global Advisors, and held in strategic...

International

Scotland to host historic dialogue between global leaders in ethical finance

2nd edition of Global Ethical Finance Forum (GEFF) taking place in Edinburgh this September to convene leaders from Banking, SRI, ESG and Islamic finance, hailing from both developed and emerging markets.Held under the patronage of the Scottish Government and hosted by the Royal Bank of Scotland, The Global Ethical Finance Forum (GEFF) is an initiative...

Google’s AlphaGo Defeats Chinese Go Master in Win for A.I.

[unable to retrieve full-text content]The software’s victory over the world’s best player of the Chinese game demonstrates how artificial intelligence can increasingly outperform humans at complex tasks.Read More

Even Harley-Davidson Can’t Resist the Tug of Overseas Factories

HONG KONG — President Trump has held up Harley-Davidson as a pillar of American manufacturing.“We’re proud of you! Made in America, Harley-Davidson,” Mr. Trump said to the company’s leather-clad top executives in February as five of its motorcycles rumbled on the White House lawn.[Video: FULL - President Donald Trump Greets Harley Davidson...

Ford, Trudging Into the Future, Ousts Mark Fields as C.E.O.

DEARBORN, Mich. — Ford Motor was the American automaker savvy enough to avoid bankruptcy when industry sales collapsed during the 2008 financial crisis. Then it rode economic recovery and cheap gasoline to record sales and profits. But what looks like success can turn upside down quickly in Detroit these days.The latest evidence came Monday when Ford...

Trump’s Budget Cuts Deeply Into Medicaid and Anti-Poverty Efforts

WASHINGTON — President Trump plans to unveil on Tuesday a $4.1 trillion budget for 2018 that would cut deeply into programs for the poor, from health care and food stamps to student loans and disability payments, laying out an austere vision for reordering the nation’s priorities.The document, grandly titled “A New Foundation for American Greatness,”...