New US bill would punish corporate execs with jail time for lying about deadly products
By Ashlee Kieler From Consumerist Even though General Motors has acknowledged that more than 100 people died because the carmaker failed to fix defective ignition switches, the recent $900 million settlement with federal prosecutors means that not a single person…
BofA says Colombia uses creative accounting to hit fiscal target
By Oscar Medina Christine Jenkins From Bloomberg Colombia is using “creative accounting” to hit its budget targets by using assets from a disability pension fund to finance current spending, according to Bank of America Corp. In its medium-term financial plan…
CCJ Bills debate commences in Jamaica Senate
By Balford Henry Senior From Jamaica Observer MINISTER of Justice Senator Mark Golding said [recently] that having a referendum to decide whether the Caribbean Court of Justice (CCJ) should replace the Judicial Committee of the Privy Council (JCPC) as Jamaica’s…
Comedian Steve Martin sells picturesque Caribbean villa
By Ingrid Fuary-Wagner From Domain Comedian and actor Steve Martin has sold his four-bedroom villa in the Caribbean two years after putting it on the market. The house, perched atop a hill on the island of St Barthelemy, was last listed…
Miami jury awards $2M to Royal Caribbean crew member
By Samantha Joseph, From Daily Business Review A Miami jury awarded nearly $2 million to a former Royal Caribbean Cruises Ltd. crew member whose kidney failed while working aboard an ill-fated European cruise. Teresa Di Trapani of Canada accused the Miami-based…
JetBlue adds new service from Fort Lauderdale to Barbados
From South Florida Caribbean News FORT LAUDERDALE – JetBlue announced today (Nov. 10th) that its new nonstop service between Fort Lauderdale-Hollywood International Airport (FLL) and Barbados’ Grantley Adams International Airport (BGI) is now out for sale. JetBlue will operate once…
ISIS reaches the Caribbean Islands
ARA News ISTANBUL – Since its emergence in Syria and Iraq, the extremist group of Islamic State (ISIS) has been expanding to reach several countries including Egypt, Libya, Ethiopia, some of the former Soviet republics and recently the Caribbean Islands. Pro-ISIS activists have recently circulated a…
Daily ETF Watch: Commodity funds [Cayman Islands] planned
By Heather Bell From ETF Elkhorn Investmfoents, the firm founded by former Invesco PowerShares head Ben Fulton, has filed for two new funds covering the commodity futures space. The Elkhorn S&P GSCI Dynamic Roll Commodity ETF and the Elkhorn RAFI Commodity…
U.S. judge scolds SEC for mistakes in alleged stock fraud case [Cayman Islands bank]
By Suzanne Barlyn From Reuters Nov 10 (Reuters) – A federal judge on Tuesday scolded the top U.S. securities regulator, issuing an opinion that said blunders by the Securities and Exchange Commission triggered the collapse of a Cayman Islands bank and…
Public outcry in Jamaica after alleged rape video goes viral
CISOCA investigating apparent rape video posted to FB From Jamaica Observer KINGSTON, Jamaica – The Centre for Investigations of Sexual Offences and Child Abuse (CISOCA) has commenced a probe into an apparent rape video posted to Facebook yesterday. The user…
