Ctrip plunges with Qunar amid price war concern: China overnight
By Ye Xie January 09, 2014 From Bloomberg Business Week Ctrip.com International Ltd. (CTRP:US) and Qunar Cayman Islands Ltd. tumbled, pacing losses in Chinese stocks traded in New York, amid concern an increase in online travel discounts will erode profits. The…
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Police Commissioner under investigation A spokesperson for the RCIPS has confirmed that the involvement of the Commissioner of Police in the arrest of the robbery suspect in the Diamonds International jewelry holdup by three men is under investigation. The spokesperson…
FSB endorses Cayman, BVI & Ireland for Regulatory and Supervisory Standards
Article by Arabella di Iorio, Martin Livingston and David Nolan From Maples & Calder To cap off another successful year for standards in transparency and cooperation, the Cayman Islands, British Virgin Islands (“BVI”) and Ireland were recognised by the Financial…
Antigua and Barbuda Development Bank signs MOU with Caribbean Export
From Caribbean360 The ABDB said that the agreement would also allow Business Support Organisations (BSOs) iin Antigua and Barbuda to take advantage of regional and international markets for their products. ST. JOHN’S, Antigua, Wednesday January 8, 2014, CMC – The…
Barbados and Canada sign protocol amending double taxation agreement
From Caribbean360 A government statement said that Barbados values the “mutually beneficial and long standing relationship with Canada and welcomes this development as it will further concretise Barbados’ principles of transparency and substance. BRIDGETOWN, Barbados, Wednesday January 8, 2014, CMC…
Dominica union warns it will take ‘action’ over LIME’s decision to retrench workers
From Caribbean360 DPSU general secretary Thomas Letang said negotiations with the telecommunications company over plans to retrench workers had broken down. He said the company was seeking to outsource its services. ROSEAU, Dominica, Wednesday January 8, 2014, CMC – The…
New Issue- Hongkong Land prices $400 mln 2024 bond
From Reuters Wed Jan 8, 2014 8:46am EST Following are terms and conditions of a bond priced on Wednesday. Borrower Hongkong Land Finance (Cayman Islands) Co Ltd Issue Amount $400 million Maturity Date January 16, 2024 Coupon 4.625 pct Issue…
Zacks’ Bull Of The Day: Herbalife
By HLF From Seeking Alpha Jan. 8, 2014 12:57 PM ET Herbalife (HLF) has a few potential catalysts and strong support from the analyst community. It has a Zacks Rank of #2 (Buy) and is the Bull of the Day…
EU provides over €300 000 to flood victims in the Caribbean
08/01/2014 – Responding to the serious damage caused by recent flooding in the Eastern Caribbean region, the European Commission’s Department of Humanitarian Aid and Civil Protection ECHO has released more than €300 000 to bring immediate relief to those most…
Offshore Corporate Profits: The only thing ‘trapped’ is tax revenue
By Kitty Richards and John Craig | January 9, 2014, from Centre for American Progress Recent investigations have revealed that multinational corporations are stockpiling trillions of dollars in “offshore” income, purportedly trapped overseas because of U.S. corporate taxes. This has…
