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Founder calls for UN Sanctioned World Orphans Day on 8th Anniversary

With over 153 million children left behind by wars, poverty, natural disasters and diseases such as AIDS and Ebola, the founder of World Orphans Day, Cheryl Robeson Piggott, calls for the UN to proclaim the second Monday in November each…

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Remembrance Day this weekend in Cayman Islands The Cayman Islands Protocol Office has announced that Remembrance Day annual service takes place on Sunday, 9 November 2014, at 10:45 am, on Harbour Drive in front of Elmslie Memorial Church. The general…

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List of countries where sanctions have been imposed by Cayman Islands

From Cayman Islands Monetary Authority SANCTIONS Financial sanctions are imposed to combat terrorist financing, money laundering and development of weapons of mass destruction. The United Nations (“UN”) and European Union (“EU”) are key international bodies that adopt international sanctions measures…

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Cable & Wireless shares plunge following announcement it will buy Columbus

From Caribbean360 LONDON, United Kingdom, Thursday November 6, 2014, CMC – Telecommunications giant Cable & Wireless Communications (CWC) fell by 8 per cent after issuing shares to pay for a US$1.85 billion Caribbean deal. The company is buying privately owned…

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Scotiabank’s Caribbean setback signals growing sore spot for Canada’s big banks

By David Pett From Financial Post Trouble in the Caribbean is becoming a popular refrain on Bay Street these days: The Bank of Nova Scotia is the latest to suffer, announcing it will write down more than $100-million in loans…

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IMF show zero tolerance for zero-rating in Barbados VAT regime

By Patrick Hoyos From Caribbean360 BRIDGETOWN, Barbados, Thursday November 6, 2014 – Regaining control of the VAT base is critical in a small open economy such as Barbados that relies heavily on imports, says a new IMF report, and the…

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ECCB expresses concern over OECS commercial bank charges

From Caribbean360 BASSETERRE, St. Kitts, Thursday November 6, 2014, CMC – The Monetary Council of the Eastern Caribbean Central Bank (ECCB) says action needs to be taken to address commercial bank charges in the Organisation of Eastern Caribbean States (OECS)….

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Cayman Islands Governor involved in car crash From RCIPS Wed, Nov 5, 2014 at 4:47 PM Approximately 1:35pm Wednesday 5th November 2014, RCIPS were informed of a motor vehicle collision along the West Bay Road in the vicinity of 7…

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Court approves $275m Royal Bank of Scotland settlement

By Tom Frew From ADVFN Financial news A federal judge has given final approval to a $275 million cash settlement in the mortgage-backed (MBS) class action litigation against Royal Bank of Scotland (RBS) and others led by New Jersey Carpenters…

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Economic sentiments and the reality of the market

By Melanius Alphonse From Caribbean360 CASTRIES, St Lucia,– It is difficult to predict without fail when and, for that matter, how the trends in the market will change. Recent spikes in stock market prices and market volatility suggest that a ‘bear…