iNews Briefs
High tech hide and seek comes to Cayman A high tech hide and seek game called “geocaching” has been brought to the Cayman Islands by a group of local residents. Geocaching is a global treasure hunt that involves participants using…
Apple v. Google: The goliath deathmatch by the numbers in 2014
By Conner Forrest From Tech Republic The challenge in analyzing the Apple v. Google rivalry is deciding which metrics to use. Here are four data points to get a grip on who’s winning. The showdown between Apple and Google has…
Cayman Islands: Top ten drivers of a successful IFC
By Gonzalo Jalles From Cayman Finance I’ve written recently about the many reasons why Cayman is a successful international financial centre (IFC) – specifically ten key ingredients, all of which, in my opinion, Cayman delivers on and which no other…
First ‘protected cell companies’ formed in Turks and Caicos
By Fernando Mendes From Falki Aviation.com PROVIDENCIALES, Turks and Caicos Islands — The Financial Services Commission in the Turks and Caicos Islands (TCI) has announced the successful formation of two protected cell companies (PCCs). This is the first time since…
Cayman Islands proposals for registration and licenses for directors; What you need to know
From Solomon Harris The Directors Registration and Licensing Bill 2014 The Cayman Islands Government (‘CIG’) is set to introduce new legislation on licensing and registration for directors of Cayman Islands (‘Cayman’) corporate regulated funds. A draft Bill is out for…
Facebook to buy Oculus VR, maker of the Rift headset, for around $2b in cash and stock
By Matthew Panzarino From Tech Crunch Facebook has announced plans to purchase Oculus VR, the company behind the Rift headset, for around $2 billion in cash and stock. This includes $400 million, and 23.1 million Facebook shares. An additional $300…
RPT-Fitch Rates Mizuho’s USD Basel III Subordinated Notes Final ‘BBB’
Fitch Ratings has assigned a final rating of ‘BBB’ to the USD1.5bn Basel III-compliant Tier 2 ten-year subordinated notes issued by Mizuho Financial Group (Cayman) 3 Limited, a wholly-owned subsidiary of Mizuho Financial Group, Inc. (Mizuho; A-/Stable). The notes are…
Asia sees first HY bond-financed LBO since 2011
By Chien Mi Wong From FinanceAsia Pactera, a Chinese IT consulting and outsourcing company, has sold a $275 million seven-year bond that is callable in the third year – Asia’s first high-yield note used to fund a LBO transaction since…
Canadian lawyer practising in TCI arrested for money laundering in the USA
By Hayden Boyce, Editor-in-Chief From Turks & Caicos Sun A Canadian lawyer who has been practising in the Turks and Caicos Islands is now in custody in the United States of America after he was arrested and charged for money…
The Apple-Samsung patent spat is about to get ugly
By Chris Smith From BGR After Apple beat Samsung in the pair’s first U.S. patent trial, and then won against the South Korean Android device maker in the appeal – Samsung owes Apple $929 million following this fight – the…
