Three European banks under Sebi scanner for round-tripping
By PTI From Mydigitalfc At least three large European banks’ dealings with Indian companies and individuals are being probed for alleged round-tripping of funds by using certain multi-layered transactions in violation of Sebi norms. It is suspected that some portfolio…
Cayman Islands July Cruise Passengers Fall 27.4% Y/y
By Ainhoa Goyeneche – Bloomberg Attached is a summary table for the Cayman Islands July cruise passenger traffic statistics from the Port Authority of the Cayman Islands: SOURCE: Port Authority of the Cayman Islands To contact the reporter on this…
Icahn asks judge to dismiss Herbalife short-seller’s suit
By Christie Smythe From Bloomberg Carl C. Icahn asked a court to dismiss a lawsuit filed by a short-seller who accused the billionaire investor of improperly propping up Herbalife Ltd. (HLF)’s share price to settle a score with Bill Ackman….
Webb praises Cayman for hosting U-15 Boys Tournament
The president of the regional footballing body CONCACAF, Jeff Webb, praised Cayman for a job well done in hosting the inaugural U15 development tournament. “The inaugural 2013 U15 Boys CONCACAF Tournament in the Cayman Island has been a success,” he…
Cartoon of the Day
By Tony Zuvela, Cartoonist “It’s my own little World which I can escape to everyday and create a fun, weird, berserk Cartoon to whatever subject I like. I enjoy doing all the work myself, and all the aspects of Cartooning,…
Univision upgrades entire mobile fleet with 2,000 BlackBerry Q10 Smartphones
Univision Communications Inc launches UVideos App for BlackBerry 10 NEW YORK and WATERLOO, ON – BlackBerry® (NASDAQ: BBRY; TSX: BB) and Univision Communications Inc. (UCI), the leading media company serving Hispanic America, on Monday (26) announced that Univision has purchased…
The obesity era
by David Berreby From aeon magazine ‘The previous belief of many lay people and health professionals that obesity is simply the result of a lack of willpower and an inability to discipline eating habits is no longer defensible.’ Photo by…
Banks takeover could reach the courts
By Ken Richards From West Indies News Network St. Kitts and Nevis (WINN): The former Chairman of one of the two indigenous banks in Anguilla taken over by the Eastern Caribbean Central Bank has confirmed that he is looking at…
UK approves Government’s Fiscal Plan
From The Office of the Premier The Foreign and Commonwealth Office has approved the Cayman Islands Government’s four-year fiscal plan covering the years 2013/14 to 2016/17. In a letter dated 22 August 2013, the United Kingdom’s Minister for Overseas Territories…
Tax evaders feel the heat in havens [Cayman and BVI]
By Toh Han Shih From South China Morning Post Mainland and Hong Kong are under pressure to comply with FATCA to maintain competitive edge after the BVI and Caymans take steps in this direction Plans by well-known corporate havens such…
