Fitch withdraws Belize Sovereign Investments III (Cayman) Limited’s ‘A+’ rating
December 11, 2013 05:39 PM Eastern Standard Time CHICAGO–(BUSINESS WIRE)–Fitch Ratings has withdrawn the ‘A+’/Stable rating assigned to the $85.7 million notes issued by Belize Sovereign Investments III (Cayman) Limited (BSI). The rating withdrawal follows Fitch’s recent withdrawal of the…
GM shakes up auto industry men’s club, naming its first woman CEO
From The Daily Herald DETROIT–General Motors Co CEO Dan Akerson will step down next month and be replaced by GM “lifer” and global product chief Mary Barra, a sign that the development of new vehicles will be the paramount focus…
Dominica signs US$300 million cooperation agreement with China
From Caribbean360 Prime Minister Roosevelt Skerrit and chinese officials at signing of MOU ROSEAU, Dominica, Thursday December 5, 2013, CMC – Dominica and China have signed a new US$300 million cooperation agreement that includes the construction of a hotel, construction…
How hedgefunds affect our fortunes in retirement
From The Financial Times Don Seymour, credited with developing the Cayman Islands ’ regulator y framework for hedge funds and founder of DMS Offshore Investment Services, explains the islands ’ role in the financial world and how they became the…
Kansas businesswoman indicted in $7 million tax case
From Westport News KANSAS CITY, Mo. (AP) — A federal grand jury has indicted the former CEO of the National Association of Independent Truckers in an alleged scheme to hide millions of dollars from the federal government. The Kansas City…
12 ICCI students took part in the Capstone Project
Twelve students at the International College of the Cayman Islands (ICCI) have completed a course called the Capstone Project. Six students at ICCI presented their work Tuesday (10 December) and the other 6 did so Thursday (12 December) night. The…
Organised crime seen as big business
From Barbados Advocate Crime and in particular organised crime, is often viewed by criminals as a business and the whole idea of getting caught is just seen as an “occupational hazard”. While delivering remarks at the opening of a two-day…
The Editor Speaks: What’s in a handshake?
Seldom has a handshake brought so much attention and articles as the one US President Barack Obama did by shaking Cuban leader Raúl Castro’s hand on Tuesday (10) at the memorial service of former South African President Nelson Mandela. See…
Gleaner article: FATCA: rapidly becoming global model for combating offshore tax
By Dayle Blair, Guest Columnist The Gleaner, Jamaica Who else is following in FATCA’s footsteps? THE FOREIGN Account Tax Compliance Act (FATCA) is an important development in US efforts to improve tax compliance, with the Internal Revenue Services (IRS) focusing…
Mandela’s death overshadows African, Caribbean and Pacific countries meeting
From Caribbbean360 PHOTO: ACP Secretary General Alhaji Muhammad Mumuni addressing the Council Peter Richards BRUSSELS, Belgium, Tuesday December 10, 2013, CMC – The African, Caribbean and Pacific (ACP) Group of countries Tuesday began a two-day meeting here overshadowed by the…
