Headlines

Americas

A row over the colours in Argentina’s flag

ARGENTINA’S national colours are instantly recognisable. The flag’s sky-blue stripes and golden sun adorn everything from football shirts to fridge magnets. A huge monument in Rosario, a port city, marks the site where Manuel Belgrano, a founding father, raised the first flag in 1812. On the anniversary of his death, June 20th, schoolchildren...

Chile in a Spanish mirror

A LONG dictatorship ended in a negotiated transition to democracy. The centre-left took office with a moderate programme, reassured the right by pursuing pro-market economic policies, added better social provision and reconnected the country to the world. Power later switched to the right, which persuaded the country that it had become democratic....

The arrest of two fugitive Mexican governors

ONE of the odder pieces of evidence turned up by investigations of Javier Duarte, a former governor of the state of Veracruz, was an exercise book with his wife’s scrawl. “Sí merezco abundancia” (“Yes I deserve wealth”), she had written, over and over. During six years in charge of the state on the Gulf of Mexico, Mr Duarte allegedly...

New Brazilian corruption probes and their consequences

THE latest revelations of wrongdoing in high places struck Brazil with the force of a Netflix release: they are riveting, but so far have left the real world undisturbed. On April 12th Edson Fachin, the supreme-court justice who is overseeing a vast probe into corruption centred on Petrobras, the state-controlled oil company, authorised prosecutors...

Canada agrees on free trade with itself

But is it locally spawned? DOING business across Canada is not for the impatient. Its ten provinces and three territories see themselves as quasi-countries. They set standards and write laws with little regard for what their neighbours are doing. In Ontario petrol must be at least 5% ethanol; Manitoba insists on an 8.5% blend. Each province has...

Asia Pacific

X-ELIO closes the financing process for two new photovoltaic plants in Japan

The group achieves the necessary funds for the start-up of two new solar parks in Japan: Tsurusu and Shiroishi.Both PV power stations will be located at Miyagi Prefecture. Tsurusu Park will have a capacity of 38 MW and Shiroishi will reach 28 MW.The plants are expected to start producing energy in the second half of 2018.With both parks, the X-ELIO...

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...

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

How a Nation Reconciles After Genocide Killed Nearly a Million People

MBYO, Rwanda — They awoke early and gathered along a plot of land here in this Rwandan village made up of a handful of homes. Together, they began hacking away at a grass-bare patch with long-handled garden hoes. The mission: Dig a drainage ditch alongside a row of homes that had been continuously flooding during rains.Scenes like this one were playing...

Genocide’s Legacy: A Reconciliation Village in Rwanda

[unable to retrieve full-text content]The 1994 Rwandan genocide tore the country apart. But today, in the village of Mbyo, perpetrators and victims live side by side.Read More

Rwandans Carry On, Side by Side, Two Decades After Genocide

MBYO, Rwanda — They awoke early and gathered along a plot of land here in this Rwandan village made up of a handful of homes. Together, they began hacking away at a grass-bare patch with long-handled garden hoes. The mission: Dig a drainage ditch alongside a row of homes that had been continuously flooding during rains.Scenes like this one were playing...

Kuki Gallmann, ‘I Dreamed of Africa’ Author, Is Shot in Kenya

NAIROBI, Kenya — Kuki Gallmann could feel the ring of danger tightening around her.Over the past few days, Mrs. Gallmann, one of Kenya’s most famous conservationists and the author of the best-selling book “I Dreamed of Africa,” sent me a flurry of increasingly distressed text messages. Heavily armed pastoralists had invaded her ranch in northern...

Pentagon Warns Ships as Pirates Again Prowl Waters Off Somalia

CAMP LEMONNIER, Djibouti — Commercial ships must once again shore up their defenses against forced boardings at sea, United States Defense Department officials said on Sunday, warning that Somali pirates are returning to waters off East Africa after five years of calm.Defense Secretary Jim Mattis said that while he was not calling for a response yet...