Headlines

Americas

There has never been a better time for Latin American integration

IT IS Saturday lunchtime, and about 30 trucks are parked at each of the customs posts on either side of the bridge across the broad Uruguay river that marks the border between Argentina and Uruguay. Both countries are members of Mercosur, a would-be customs union that also embraces Brazil and Paraguay. In theory, internal borders should not exist...

Coca-growing in Colombia is at an all-time high

THE hills surrounding Sinaí, a village in south-west Colombia, are blanketed in a green patchwork, ranging from the bright chartreuse of coca-plant seedlings to a darker clover colour that indicates the leaves are ripe for picking and processing into cocaine. It is areas like this that have helped to boost Colombia’s estimated cocaine output...

Floods in Peru are just the latest blow to its economy

Time for a clean-up MORE than 75 people have been killed, and more than 100,000 left homeless, as Peru’s coast has been battered by the strongest rains seen in decades. Millions are without running water; more than 2,000km of roads and at least 175 bridges have been destroyed. The devastation has been caused by a “coastal El Niño”, a localised...

As Cuba’s economy flat-lines, retirement has become notional

NORBERTO MESA, a 66-year-old grandfather, stands in the hot sun 11 hours a day, six days a week, guiding cars in and out of the parking spaces in front of a bustling farm stand. The 4,000 Cuban pesos ($170 at the official exchange rate) he earns each month in tips is more than ten times his monthly old-age pension of 340 pesos. Without it, the...

A Brazilian meat scandal damages the country’s two global producers

The steaks are high EVEN amid Brazil’s pungent stew of recent big corporate scandals, the latest is particularly stomach-turning. On Friday March 17th, in time for a traditional weekend churrasco, or barbecue, the federal police accused some of the country’s biggest meat producers of bribing health inspectors to turn a blind eye to grubby practices....

Asia Pacific

Hindalco raises ₹3,350 crore via QIP

Hindalco Industries, an Aditya Birla group company, has raised ₹3,350 crore through issue of shares under qualified institutional placement, largely to pay back high-cost debt and invest in value-added aluminium and copper products. The capital-raising committee of the company’s board met here on Thursday and approved the proposal to allot 17.68...

Survey by MVision and London Business School reveals private equity’s attitudes to Chinese outbound acquisitions

Chinese money to heat up M&A in next 12 months Report released by MVision Private Equity Advisers and the London Business School reveals private equity’s attitudes to Chinese outbound acquisitionsPrivate equity firms expect to face more competition from Chinese buyers over the next 12 months across multiple sectors, with healthcare expected to see...

Strong year forecast for Asia Pacific M&A

Optimism is high for M&A in Asia Pacific following a solid 2016, Herbert Smith Freehills says.“2016 presented Asia Pacific’s dealmakers with a range of challenges including low commodity prices, volatile capital markets in some parts of Asia, a new US administration, along with the global shock of Brexit," commented Andrew Pike, Herbert Smith Freehills’...

​ChinaSavvy lands prestigious USD 1.3 million engineering contract to supply components for high-tech storage systems

Christopher Devereux, the Managing Director of ChinaSavvy today announced the company’s receipt of a USD 1.3 million order to supply components for high-tech robotic storage systems by Hamilton Storage, a global company with headquarters in Massachusetts, United States.ChinaSavvy is a British owned and managed engineering and manufacturing company...

Baird Capital expands in Asia

Baird Capital, the direct private investment arm of Robert W. Baird & Co. (Baird), today announced that Andy Tse, CFA has joined the firm as a Partner to help lead its investment efforts in Asia. Tse is a member of Baird Capital’s global team working to identify and pursue investments in the technology & services sector.A veteran executive with more...

Europe

​Equiniti International Payments strengthens team with six hires across the business

The leading global payments provider, Equiniti International Payments, has appointed six new members of staff as it drives forward further growth across the business.Aftab Baig joins the global payments provider as Head of FinCrime Compliance (Interim), and reports into Nick Pedersen, Managing Director. Thomas Campbell joins as Business Development...

Tikehau Capital celebrates successful listing on Euronext Paris

Market capitalisation €1.5 billionEuronext today welcomed asset management and investment group Tikehau Capital’s listing in Compartment A of its regulated market in Paris. Tikehau Capital was founded in Paris in 2004 and manages assets totalling nearly €10 billion. It has built its growth on four asset categories: private debt, real estate,...

Analysis: The Hottest Sector for Late Stage Tech​ Investing in Europe is Non-Tech

Investments masquerading as tech disguise the fundamental weakness of Europe’s late stage funding rounds.Only 20 real tech companies in Europe get crucial late stage funding each year.Europe is much further behind the US in late stage tech investing than it appears, according to analysis by Magister Advisors. Late stage tech funding is far behind...

Exclusive research reveals mass shareholder frustration post-Brexit

Nearly two million UK shareholders clueless on the value of their shares, ignored by the companies they back and trapped by lack of equity releaseNo transparency, no communication – mass frustration as UK shareholders let down by poor investor relationsAsset Match has surveyed 2,000 UK adults, revealing the widespread feelings of discontent being...

​Nearly half of UK investors POSITIVE about Brexit, two fifths fearful of Trump and a staggering 73% lack faith in Theresa May Seven million investors believe UK entrepreneurs will drive the economy back to strength

New research among 1,000 UK investors by IW Capital uncovers the true impact of 2016’s triple threat of political shocks and their direct effect on the UK investor community, finding: 2.21 million investors are entering 2017 with a greater risk appetite, thus seeking new investment classesOne in ten investors feel the shock political events of 2016...

Mena

The Road to Nowhere

[unable to retrieve full-text content]People seeking safety from Boko Haram — many of them women and children — are living along a highway in Niger, struggling to survive.Read More

Elephants Get a Reprieve as Price of Ivory Falls

By JEFFREY GETTLEMANMarch 29, 2017NAIROBI, Kenya — Finally, there’s some good news for elephants.The price of ivory in China, the world’s biggest market for elephant tusks, has fallen sharply, which may spell a reprieve from the intense poaching of the past decade.According to a report released on Wednesday by Save the Elephants, a respected...

Bodies of 2 U.N. Researchers Are Found in a Shallow Grave in Congo

By SOMINI SENGUPTAMarch 28, 2017UNITED NATIONS — In a village nestled in clouds in the thickly wooded hills of eastern Congo, Michael Sharp, a slight, bespectacled Mennonite from Kansas, looked perfectly at ease.That is how I remember him from a reporting trip to a village called Kigogo on a Monday in June of 2014. He had been in the Democratic...

Ex-First Lady of Ivory Coast Found Not Guilty of War Crimes

ABIDJAN, Ivory Coast — A court in Ivory Coast on Tuesday acquitted a former first lady of war crimes and crimes against humanity after a trial that focused on her role in abuses that led to the deaths of thousands after an election in 2010.A jury voted unanimously to acquit Simone Gbagbo, the wife of former President Laurent Gbagbo, said Judge Kouadio...

‘Social Discontent’ Grips Ivory Coast as Economic Gains Pass Many By

By SEAN LYNGAASMarch 28, 2017ABIDJAN, Ivory Coast — The stone-faced schoolboy peered into the camera and drew a deep breath.“Our leaders don’t respect us,” Adama Zanga Bamba shouted. “They should stop screwing our teachers!” A crowd of students behind him whooped in approval as Mr. Bamba, a high school student here in Ivory Coast, continued...

International

Bill Ackman's Insider Trading Lawsuit May Cost Pershing Square Investors $75 Million

Pershing Square is setting aside $75 million to cover a class action insider trading lawsuit surrounding its efforts to merge Allergan with now-embattled Valeant, which made Bill Ackman $1.1 billion according to Forbes.Read More

Lululemon Shares Crash After 'Slow Start' To 2017 Weighs On Outlook

The yoga retailer warned that revenue and profits this quarter would be significantly worse than what Wall Street had in mind.Read More

Evolution Of Money: From Kings With The 'Midas Touch' To E-Money Accounts

Money and commerce have come a significant way since the days of Croesus, the last King of Lydia, and legendary King Midas. Here we plot the evolution right up to e-money accounts and developments in the space today with Tobias Schreyer, co-founder of cross-border e-payments specialists PPRO Group.Read More

Hidden Nuggets In The Forbes 400 List

Rockefeller kept buying his own stock, proving the magic of compounding over decades is the formidable motive force, explaining massive fortunes of Warren Buffett, Bill Gates and Jeff Bezos. Most entrepreneurs, when successful, retain arithmetic control long after retiring from active management.Read More

3 Questions For Amazon Shoppers Dealing With Sketchy 3rd Party Sellers

Does a $199 LG 32-inch IPS monitor for $4.89 sound tempting? Amazon sellers offering deals that are 'too good to be true" are on the rise. Third party sellers account for about 44% of all items sold on Amazon worldwide so these scammers could put more than a small dent in Amazon’s stock price.Read More