The US debt ceiling crisis that ended with a whimper
By Jamie Robertson Presenter, BBC World News The US Congress has agreed to raise the debt ceiling until March 2015, averting another crisis that almost four months ago threatened to trigger a default on US debt and plunge the global…
Get ready to buy emerging markets [after vacationing in Grand Cayman]
By StreetAuthority From Nasdaq As I write this I’m sailing across the sky, 35,000 feet in the air in a Boeing 777, heading home from a great vacation in Grand Cayman. It’s one of the most beautiful islands in the…
Jamaica government sovereign rating upgraded, outlook stable
KINGSTON, Jamaica — Fitch Ratings on Tuesday upgraded Jamaica’s long term foreign currency and local currency issuer default ratings (IDR) to B- from CCC. The rating agency also raised the short-term foreign currency rating from C to B and the…
Burdensome debt and elusive solutions
By Sir Ronald Sanders From Caribbean360 Average public debt levels for Caribbean small states now amount to about 84% of GDP with five countries experiencing debt-to-GDP ratios of close to 100% and higher. BRIDGETOWN, Barbados, Thursday February 6, 2014 –…
Cayman Islands retain Moody’s Triple A Rating
Article by Louise Groom and Marco a Martins, Harneys The Cayman Islands Ministry of Public Finance has reported that the jurisdiction has retained its very high “Aa3” rating from Moody’s, one of the world’s foremost financial rating agencies. Cayman has…
Bahamas outlines new initiatives to maintain economic growth
From Caribbean360 image Addressing the Bahamas Business Outlook on Monday, Christie said 18 months into his administration, it has had to deal with strengthening the economy, increase jobs, address social ills including poverty and crime. NASSAU, Bahamas, Thursday January 16,…
Barbados central bank forecasts sluggish economic growth
From Caribbean360 In an analysis of Barbados’ current economic performance, the CBB said that its forecast is based principally on expectations for the tourism sector and on major investment projects planned by the private sector and the government. BRIDGETOWN, Barbados,…
Cayman Islands’ High Rating, Stable Outlook Maintained
Moody’s, one of the world’s foremost financial rating agencies, has maintained its very high rating of Aa3 for the Cayman Islands. The Cayman Islands has retained the Aa3 rating, and its accompanying stable outlook, continuously since 2000. In its latest…
Stock Analyst Sozzi: Sears could disappear by 2017
By Dan Weil From MoneyNews Sears may go out of business by 2017, Brian Sozzi, CEO and chief equity analyst of stock research firm Belus Capital Advisors, concluded after an extremely negative earnings forecast from the retailer Thursday. It predicted…
Cayman GDP grew by 1.4% in 2012 as most industries posted economic growth
“The Cayman Islands’ System of National Accounts Report 2012 which presents the economic performance of the various industries contributing to the country’s Gross Domestic Product” GRAND CAYMAN, Cayman Islands – (EINPresswire via NewMediaWire) – January 8, 2014 – The Cayman…