A ‘Venezuela’ is happening in capital markets
By Linette Lopez From business Insider This may be the darkest thing we’ve read about the market in a while. In a letter to investors marking his hedge fund’s 10th anniversary, James Litinsky of JHL Capital said he would rather be…
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The View from Europe: Rebalancing the Chinese economic relationship
BY: DAVID JESSOP From Barbados Advocate Last month the Inter-American Development Bank (IDB) published a paper ‘Chinese rise in the Caribbean – What does it mean for Caribbean Stakeholders?’ Although, in its conclusions, it said little more than a number…
A handful of hedge funds just made a play that screams ‘out of ideas’
By Linette Lopez From Business Insider A bunch of hedge funds just sent a subtle message to the market: “Guys, we’re out of ideas.” On Tuesday, the activist hedge fund ValueAct Capital announced that it had taken a $1.1 billion stake…
Rio Olympics 2016: Three more Irish officials investigated in ticket-scalping probe
By OSSIAN SHINE From Stuff Brazilian police raided Irish Olympic officials on the last day of the Rio Games on Sunday (Monday NZ Time), seizing passports, computers, mobile phones and unused tickets in a rapidly expanding investigation into allegations of an…
Theater Producer accused of scamming investors out of $165K for fake Broadway play
By Mary Beth Quirk From Consumerist It sounds like something out of a Broadway musical: a producer approaches investors, hyping a fantastic, inspirational show about a famous opera singer, starring a famous actress. Only this was real life, with a…
New stock exchange fights unfair online trading
By Jon Fingas From engadget IEX slows down every transaction to prevent shady internet traders from getting the upper hand. Some (such as The Big Short author Michael Lewis) see high-frequency, algorithm-based stock trading as a serious threat to the…
VanEps Kunneman VanDoorne brings structured finance innovations to Curaçao
From Dutch Caribbean Legal Portal WILLEMSTAD – On August 4, law firm VanEps Kunneman VanDoorne organized a seminar for its clients about structured finance; the collective term for special ways to finance companies. This means that a company is not…
Olympic medals cost a lot less than you think
By Jeff Desjardins, Visual Capitalist From Business Insider The 2016 Rio Summer Olympic Games are already 51% over budget, with the total cost expected to be in the $4.6 billion range. With that in mind, the organizers have tried their…
Cayman Islands Students earn record number of medals in The Queen’s Commonwealth Essay Competition
GEORGE TOWN (Friday, 19 August 2016) – Students from the Cayman Islands have earned 7 gold medals, 23 silver, and 19 bronze in the 2016 Queen’s Commonwealth Essay Competition organised by the Royal Commonwealth Society. Their results come from a…
Water Authority Cayman Islands 2016/17 Scholarship recipient announced
Cayman is pleased to announce Kristina Powell as this year’s recipient of the Authority’s Annual Scholarship. Ms. Powell will begin her major in Management Information Systems (MIS) at The University of Tampa this fall. Every year the Authority offers a…
