Liquidators seeks U.S. bankruptcy for Platinum Partners’ funds [insolvency proceeding underway in Cayman Islands]
By Lawrence Delevingne and Tom Hals From Reuters Two Platinum Partners hedge funds have sought U.S. Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in New York federal court Tuesday. In August,…
Offshore M&A deal flow calms after record 2015 says Appleby [Cayman Islands remained busiest location]
From FTSE GM Following record deal flow in 2015, the number and value of offshore M&A deals fell in the first half of 2016 says offshore law firm Appleby. The offshore region remains ranked sixth in the world by deal…
Caribbean countries warned to closely monitor National Insurance Schemes
From Antigua Observer WASHINGTON, Oct 19, CMC – Caribbean countries have been warned that they need to build national awareness of the fiscal risk associated with pension schemes and need for reforms. “At a minimum, the actuarial deficits should be…
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OUR CARIBBEAN: Any Trump tricks
From Rickey Singh TONIGHT’S THIRD and final presidential debate between Hillary Clinton and Donald Trump will take place amid increasing fears over the future of stable democratic governance in the world’s sole superpower. For a start, it is to be…
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[Bahamas] Govt considers a hurricane tax/Bahamas Opposition party against ‘hurricane tax’
By RASHAD ROLLE From Tribune 242 WHEN it meets today, Cabinet may consider introducing and implementing a special tax to help finance Hurricane Matthew repair and recovery efforts, Prime Minister Perry Christie said yesterday. If implemented, such a tax may…
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Buyer revealed for Bahamas megaresort
By K. Quincy Parker Nassau Guardian Business Editor From Caribbean News Now NASSAU, Bahamas — The Office of the Prime Minister (OPM) has confirmed that the new owner of the financially troubled multi-billion dollar Baha Mar resort in The Bahamas is…
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SportsMax offers football fans a trip to Spain!
Wednesday, 19th October 2016 –: SportsMax have teamed up with the La Liga, the world’s most star-studded football league, to offer football fans across the Caribbean the chance to win a trip for 2 to see 2-time Ballon d’Or winner…
CSA pledges USD10,000 for Hurricane-ravaged Haiti at opening of annual conference
From Caribbean Shipping Association A pledge of financial assistance to hurricane-ravaged Caribbean territory Haiti from President David Jean Marie marked the ceremonial opening of the Caribbean Shipping Association’s (CSA) 46th Annual General Meeting, Conference & Exhibition at the Hyatt Regency…
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Caribbean and Central America join forces on Rainwater Harvesting
From Global Water Partnership GWP Central America hosted a regional workshop on Rainwater Harvesting (RWH) on 22-23 September in El Salvador. The workshop brought together practitioners from across the region. GWP Caribbean also took part, under the theme “Considerations for…
Here’s why you shouldn’t trust high dividend yield stocks/A losing bet
By Walt Czaicki, Context | The AB Blog on Investing From Business Insider US stocks with high dividend yields are looking very risky these days. Investors with too much exposure to sectors such as utilities and telecom may be in for…
