Download logo byThierry Pairault Overall Context* Translated from French (Source : Espace Géographique et Société Marocaine) The article examines the financial and trade aspects of China Merchants’ presence in Djibouti, particularly in its port. African ports don’t play a major role in the worldwide arena. Tangier Med, the leading terminal in Africa is ranked 50thin the world’s list of Lloyds; Alexandria terminal, the 2ndin Africa, is positioned at the 88thplace in the world scale. Both these terminals are North African ports prioritizing Mediterranean and especially European connections with Tangier Med operating also on some African ones. This lack of importance in the world scale may also be observed in the port throughput in standard containers twenty feet equivalent (TEU). In 2016, African ports’ TEU represented only 4% of the world container throughput. In this context, African ports represent an attractive developing … [Read more...] about The China Merchants in Djibouti: from the maritime to the digital silk roads (by Thierry Pairault)
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By Elizabeth Dilts and Sumeet Chatterjee NEW YORK/HONG KONG (Reuters) - Goldman Sachs Group Inc <GS.N> is considering paying big multinational corporations more for their deposits than other banks as it paves the way for its entry into a mundane but prized business: managing cash.The global investment banking powerhouse and fifth-largest U.S. bank, which is six months into building the required technology, aims to start the service in the first half of 2020, according to two people familiar with the plan. They agreed to discuss internal strategy on the condition they not be named.The bank, which will earn fees and gain a captive client base for its foreign exchange business, could offer existing corporate clients more on deposits if they sign up for Goldman's cash management services, a person familiar with the plan told Reuters. Long considered a low-margin, utility-like service, the wholesale payments and cash management business generated about $250 billion in global … [Read more...] about Exclusive: Goldman Sachs on course to launch cash management in mid-2020
By Samuel Rubenfeld Samuel Rubenfeld The Wall Street Journal BiographySamuel Rubenfeld Oct 10, 2018 5:43 pm ET 0 COMMENTS A daily roundup of corruption news from across the web. We also provide a daily roundup of important risk & compliance stories via our daily newsletter, The Morning Risk Report, which readers can sign up for here. Follow us on Twitter at @WSJRisk. Bribery China said it wasn't aware of threats to the wife of the former Interpol chief whom Beijing is holding on allegations of bribery. How did China detain him? Authorities are using new powers to justify the detainment. (AP, AJE, Bloomberg, Quartz, Guardian) Fleeing Venezuelans have to pay a bribe or stand in a line, seemingly for forever. (Bloomberg) The Voice of America said it fired employees for allegedly taking bribes from a West African official. (FCPABlog) A former executive at a demolition company admitted taking bribes from a scrap metal firm. (AP) Cybercrime/Data … [Read more...] about Corruption Currents: U.S. Grants Rare License in North Sea Gas Field Partly Owned by Iran
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Alexandra Stevenson, Kate Kelly and Keith Bradsher New York Times September 17, 2018 HONG KONG — When President Bill Clinton deliberated whether he should loosen trade barriers against China, Wall Street helped plead Beijing’s case. When Presidents George W. Bush and Barack Obama talked tough about labeling China as a currency manipulator, Wall Street urged restraint — and both presidents backed down.Today, China is hoping Wall Street will again use its political heft to soothe tempers in Washington. But as President Trump ratchets up the trade war with Beijing, Wall Street’s words are falling on deaf ears. Advertisement Senior Wall Street executives met in Beijing on Sunday with current and former Chinese officials and bankers at a hastily organized session to find ways to strengthen financial ties between the United States and … [Read more...] about Wall Street’s trade advice falling on deaf ears in D.C.
By Steve Rosenbush Steve Rosenbush The Wall Street Journal BiographySteve Rosenbush @Steve_Rosenbush ciojournal [email protected] Aug 10, 2018 8:25 am ET 0 COMMENTS Sign up here for The Morning Download, and get the most important news in business technology emailed to you each weekday morning. Subscribe to WSJ Pro Cybersecurity for in-depth coverage on cybersecurity trends, breaches and best practices. Good morning, CIOs. In cybersecurity, there is often greater safety in numbers. Companies that build technology for U.S. elections are joining an information-sharing group employing community, collaboration and the free-flow of intelligence as a bulwark against cyber threats, CIO Journal’s Steven Norton reports. That alone won’t secure elections against manipulation by Russia or other nation-states or criminal hackers, but it could help make them more resilient. A vote for security. “The Elections Industry … [Read more...] about The Morning Download: Seeking Safety in Numbers, Voting Technology Companies Share Intelligence