Rebuild fiscal buffers, Latin American and Caribbean nations told
By Judith Ugwumadu From Public Finance International Latin America and the Caribbean governments need to shore up their fiscal reserves to guard against risks from other parts of the world, the Inter-American Development Bank has warned. Its 2014 Latin American…
Low-cost Dominican surgeries spark warnings by US
By Ben Fox And Ezequiel Abiu Lopez From Boston.com SANTO DOMINGO, Dominican Republic (AP) — Beverly Brignoni was a young New Yorker seeking a less expensive way to enhance her appearance and she did what many other people are now…
UK Enters into tax agreements with the Cayman Islands and other offshore jurisdictions
From JDSupra The UK and the Cayman Islands recently entered into an agreement to improve international tax compliance (ITC). Similar to the US Foreign Account Tax Compliance Act (FATCA), the ITC imposes wide-ranging UK financial reporting obligations on financial institutions…
Cayman still reigns supreme
By Charles Gubert From CooConnect Among the many findings in the UK Financial Conduct Authority’s (FCA) just published Hedge Fund Survey is the “revelation” that the EU’s Alternative Investment Fund Managers Directive (AIFMD) has not facilitated an exodus of managers…
The changing face of citizenship
By Maria Sacchetti, From Boston Globe Standing together in Faneuil Hall, they raised their right hands: a nurse’s aide from Haiti, a National Guardsman from Cape Verde, and a giddy couple from Nigeria who later twirled outside with joy. “We…
IMF approves funds for Haiti
From Jamaica Observer WASHINGTON (CMC) – The International Monetary Fund (IMF) is providing US$2.5 million to Haiti as it praised the French-speaking Caribbean Community (CARICOM) country for its economic performance “despite difficult circumstances”. The Washington-based financial institution said it has…
Puerto Rico eyes becoming regional air transportation hub
Jet Blue, Air Europa, Southwest, Cape Air, Avianca and LIAT are among the carriers said to be planning to expand service to and from San Juan. SAN JUAN, Puerto Rico, Officials in Puerto Rico say the US island territory aims…
Apple v. Google: The goliath deathmatch by the numbers in 2014
By Conner Forrest From Tech Republic The challenge in analyzing the Apple v. Google rivalry is deciding which metrics to use. Here are four data points to get a grip on who’s winning. The showdown between Apple and Google has…
FATCA Final Regulations – Update For Cayman And Irish CLO Issuers
By Alasdair Robertson, Mark Matthews, Scott Macdonald and Nicola Bashforth Maples and Calder On 20 February 2014 the US Treasury and the IRS released a set of revisions to the US Foreign Account Tax Compliance Act (“FATCA”) final regulations (the…
IMF reaches ‘staff-level’ agreement with Grenada
By Nelson A. King from Caribbean Life The International Monetary Fund (IMF) says its staff and Grenadian authorities have reached a “staff-level” agreement on a program that can be supported by a three-year Extended Credit Facility (ECF) arrangement in the…
