Job Opportunity: CIMA seeking Insurance Head
The Cayman Islands Monetary Authority (“CIMA”) is seeking to fill the post HEAD OF INSURANCE SUPERVISION DIVISION and welcomes applications from highly experienced insurance professionals who can act within a strategic capacity to support the mission and values of CIMA…
3 huge business mistakes airlines are making right now
By Benjamin Zhang From Business Insider Three-time Formula One World Champion Niki Lauda shot to stardom in the 1970s as Ferrari’s domineering tactical genius. His racing career was even chronicled by Hollywood in Ron Howard’s Golden Globe-nominated film “Rush.” However,…
Mystery of Malaysian 1MDB’s US$2.3b Cayman Islands fund
By Anita Gabriel From Business Times It still has not given details of the funds or manager’s name. The revelation comes at a time when 1MDB is under fire for placing funds in hedge funds abroad, particularly since almost all…
iNews Briefs
Heavy police presence in East Kingston following deadly shootout From Caribbean360 KINGSTON, Jamaica, Monday May 12, 2014, CMC – Police Sunday maintained a strong presence in eastern sections of the capital after residents took to the streets to protest the…
UK cabbies are mad at Uber and they’re not going to take it anymore
By Colin Daileda From Mashable Drivers of black taxis in London are planning to clog city streets in early June to protest taxi-hailing app Uber. Private drivers are not legally allowed to have taxi meters in their cars in the…
Portugal’s return to bond market fuels recovery hopes
By Jamie Robertson, Presenter, BBC World News Something to smile about at last? Portugal hopes its return to the bond market will spur economic recovery Wednesday morning in Portugal and a corner was turned on the gruelling road to…
CIMA warns Excel Global for failures and posts public notice
9 May 2014 Ezequiel Nasser Director Excel Global Opportunities Fund, Ltd. Av. Paulista, 2421 11oandar SaoPaulo,SP Brazil Ray Nasser Director c/o Excel Wealth Management,LLC 375ParkAvenue,Suite3807 NewYork,NY10022 USA Dear Sirs, Re:Excel Global Opportunities Fund, Ltd. (Reg#11066) (“theFund“) We write to you…
Massive ad industry merger collapses
By Aaron Taube From Business Insider The $35 billion merger between Omnicom and Publicis Groupe SA has been called off, the Wall Street Journal reports, citing sources. The merger, first announced this past July, would have created the world’s largest…
Sure to acquire Jersey Data Centre and Cloud Services provider Foreshore
Sure, the Channel Islands communications provider is pleased to announce that Sure (Jersey) Limited is set to acquire 100% of the shareholding in Foreshore, the pioneering data centre and cloud services provider. The acquisition is taking place for an undisclosed…
The CARTAC steering committee
The CARTAC steering committee welcomes the center’s contribution to institutional reforms in the Caribbean The Steering Committee of the International Monetary Fund’s (IMF’s) Caribbean Regional Technical Assistance Center (CARTAC) welcomed the progress made by the Center over the period November…
