Puerto Rico fails to transfer $94 million for a bond payment, putting ‘other payments in jeopardy’
By Megan Davies, Reuters From Business Insider Puerto Rico’s Public Finance Corporation (PFC) failed to transfer funds to pay the principal and interest on its bonds, according to the island’s bank and a filing on Wednesday, highlighting cash problems as…
Boeing workers fired for dressing in KKK garb lose appeal
By P.J. D’Annunzio, From The Legal Intelligencer The dismissal of a discrimination lawsuit filed by two white men and one Native American man who were fired by Boeing after dressing like Ku Klux Klan members at work has been upheld…
Suit against Wal-Mart follows marriage-equality ruling
By Sheri Qualters, From The National Law Journal Wal-Mart Stores Inc. faces the first purported class action demanding equal employment benefits for married same-sex couples since the U.S. Supreme Court legalized those marriages across the country last month. But it’s…
Scotiabank official: T&T a great place to invest
By Sean Nero From The Guardian T&T The Caribbean remains a great place to invest, especially T&T, says Nick Chamie, chief investment officer for international wealth management at Scotiabank. In an interview with the T&T Guardian at a session on…
Fifa corruption: Jeffrey Webb pleads not guilty in US
From BBC Former Fifa Vice-President Jeffrey Webb has pleaded not guilty in connection with a massive corruption scandal in the world football governing body. He was placed under house arrest on $10m (£6.4m) bail by a New York judge. Mr…
Caribbean News front pg story iArt iBusiness iCommunity iCrime iCulture iEntertainment iFinance iJamaica iKids iLocal News ISports iWorld News News Sports World
iNews Briefs, More & Community Events
Community Events Meeting Requests with Family Support Unit at RCIPS The Family Support Unit (FSU) at the RCIPS has temporarily relocated to Elizabethan Square due to damage to the Smith Road office where it was situated. The FSU would like…
LTE Hedge Fund, up 34% last year, bets big on Cayman beachfront
By Jon Asmundsson From Bloomberg Melkonian Capital’s $100 million event-driven vehicle looks for investments in private equity, real estate, and stocks. Ryan Melkonian says the strategy he developed for LTE Partners was shaped by a couple of experiences earlier in…
Continued expansion for Enhance with announcement of new Singapore opening
The Enhance Group, a Jersey-grown FinTech Company providing investment services and oversight, is opening a new base in Singapore in response to continued growth. The group’s expansion into Singapore is the latest stage in a period of extensive growth for…
Charities must be ‘creative’ over police fee
By Sarah Lagan From The Royal Gazette The Centre on Philanthropy has warned that fees of $100 are to be imposed for Police checks on individuals working for charities, prompting concerns some groups could rack up bills of thousands of…
Cayman Islands Statistics: School Enrollment, Consumer Price Index, Imports & Economy
1. Compendium of Statistics Shows School Enrolment Rebounded in 2014 The Annual Compendium of Statistics 2014 was released today by the Economics and Statistics Office. The Compendium seeks to assist policy-making and business decision-making by presenting the most comprehensive collection…
