August 20, 2019

Archives for July 14, 2019

US: Manhattan power is back on hours later as governor calls outage unacceptable

By Faith Karimi and Steve Almasy From CNN New York (CNN)Power was fully restored in New York early Sunday after an outage left parts of the city in darkness for hours, leaving thousands trapped in subway cars and elevators, and people guiding traffic at intersections. The outage started Saturday evening and the lights were back […]

Tennis: Novak Djokovic beats Roger Federer in longest Wimbledon singles final

From BBC Novak Djokovic saved two championship points in Wimbledon’s longest singles final to retain his title in a thrilling win over Roger Federer. On a Centre Court, with an atmosphere that felt at times more akin to football than tennis, Djokovic won 7-6 (7-5) 1-6 7-6 (7-4) 4-6 13-12 (7-3). As the clock ticked […]

England win Cricket World Cup: Ben Stokes stars in dramatic victory over New Zealand

By Stephan Shemilt From BBC Sport at Lord’s ICC Men’s Cricket World Cup final, Lord’s New Zealand 241-8 (50 overs): Nicholls 55, Woakes 3-37, Plunkett 3-42 England 241 all out (50 overs): Stokes 84, Buttler 59, Neesham 3-43, Ferguson 3-50 England win after super over Scorecard England beat New Zealand to win the men’s World Cup for […]

The Editor speaks: Traffic violations continue to grow

Despite the police warnings and the increased presence of police cars on our roads traffic violations continue. In the “Traffic and Roads Policing Unit Provides Midsummer Enforcement Update, 10 July”, it states approximately 568 (not 570 approx?) were issued. “Speeding is a top concern, and enforcement of this offense spiked in 2018 and continue this […]

Ex-Beverly Hills Stockbroker [founder of Cayman company], convicted of Securities Fraud in $200M Portfolio-Pumping Stock Manipulation

From Department of Justice U.S. Attorney’s Office Central District of California LOS ANGELES – A former Beverly Hills stockbroker who worked with fugitive hedge fund manager Florian Homm was found guilty by a jury late this afternoon of 18 federal criminal charges for participating in a stock manipulation scheme designed to pump up the reported profits […]

Cayman: Elections Office Update – latest results & statement

Updates: From July 12 2019 The latest results of the verification process on the cruise port referendum petition signatures are now live on the Elections Office’s new web ticker. Click here to view the updated figures à www.elections.ky or see below: Statement from the Elections Office on the Latest Results In response to numerous media inquiries into the number […]

Cricket: Cayman thrashed by Bermuda

Under-19s salvage pride against Cayman By Colin Thompson From Royal Gazette Bermuda’s persistence paid off as they picked up their first win at the ICC Under-19 World Cup Americas Region Qualifier at the Maple Leaf Cricket Club in King City, Toronto, yesterday. Coach Arnold Manders’s team thrashed Cayman Islands by seven wickets to salvage some […]

Ogier back for a third year as title sponsor of Cayman Stroke And Stride

Article by James Bergstrom Ogier From Mondaq The Cayman Islands “Stroke and Stride” series supporting young triathletes and the Special Needs Foundation is back with a bang this August. The event is spread over three races on the first three Wednesdays in August, each including a swim and a two-mile run – the swimming distance increasing […]

Cayman Islands gold medalists in Basketball

Nielsen holds nerve to win men’s table tennis final as Island Games conclude By Ned Payne From Inside The Games Cayman Islands were the gold medallists in the men’s basketball having held their nerve to see off Saaremaa 75-63 at Tercentenary Hall. Gibraltar sealed bronze with a 69-53 win over Guernsey. Ivik Nielsen of Greenland […]

Margin loan financing in developing markets

By James Kinsley Maples Group From Asia Business Journal Margin loan financing in developing markets can expose lenders to a number of risks, including their ability to liquidate shares provided by a borrower as collateral under the margin loan (collateral shares). Even if the collateral shares have the liquidity to facilitate timely enforcement, this does […]