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Bahamas-based banks implicated in Brazil bribery scandal
By Xian Smith Nassau Guardian Business Reporter From Caribbean News Now NASSAU, Bahamas — The Bahamas has been named in a bribery scandal sweeping through Brazil’s state-owned oil company Petrobras. Brazilian prosecutors announced onTuesday the arrest of Roberto Goncalves, a…
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Bahamas opts out of regional insurance facility
By K. Quincy Parker Nassau Guardian Business Editor From Caribbean News Now NASSAU, Bahamas — The Bahamas has opted out of the Caribbean Catastrophe Risk Insurance Facility (CCRIF), and will instead put the $900,000 annual premium in the Disaster Relief…
Chinese EXIM Bank rejects blame for Bahamas megaresort crisis
By Travis Cartwright-Carroll Nassau Guardian Staff Reporter From Caribbean News Now NASSAU, Bahamas — The Export-Import Bank of China (EXIM) on Thursday dismissed “unfounded criticisms” by people with “ulterior motives” and said it has the best interests of the Bahamian people…
Cruise industry hits back over Bahamas ‘free ride’ claim
By Alison Lowe Nassau Guardian Business Editor, from Caribbean News Now NASSAU, Bahamas — The head of the Florida Caribbean Cruise Association (FCCA) has hit back at a suggestion by Bahamas tourism stakeholders that the cruise industry is not paying…
