Next up for central banks: infrastructure investments?
By Alice Gomstyn From The Financialist Published: July 7, 2016 In the years following the global financial crisis, the world’s leading economies have found relief through aggressive monetary policy. But with interest rates slashed to historic lows and central bank…
Multi-Billion-Dollar International litigation begins in Cayman Islands
The eyes of the international financial community around the world will be on the Cayman Islands beginning Monday (18 July), when the largest trial in the history of this jurisdiction, with billions of dollars at stake, begins in Grand Court….
Morty Valldejuli has been promoted Vice President Managing Director at Westin Grand Cayman Seven Mile Beach Resort & Spa, Cayman Islands
From Hospitality Net Following four years of success as General Manager/Area Managing Director, Valldejuli has been promoted to Vice President Managing Director of Westin Grand Cayman Seven Mile Beach Resort & Spa. In his new role, Valldejuli has oversight of…
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Cayman’s DMS Bank sued by victims of CWM Group’s £50M investment fraud From OffshoreAlert Cayman Islands-based DMS Bank and a BVI-domiciled client are being sued by 318 victims of a £50 million investment fraud that was committed by Anthony Constantinou’s…
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New therapy to reduce hair loss trauma for chemo patients in Cayman Islands
The Health Services Authority (HSA) Chemotherapy Unit now offers cold cap therapy that may help to prevent or reduce hair loss among chemotherapy patients thanks to a donation made by the Breast Cancer Foundation (BCF). The BCF recently donated 50…
HSBC avoided criminal charges over fears of ‘systemic risk’
From Offshore Bankers The U.S. Department of Justice refused to prosecute HSBC in 2012 for laundering Mexican drug money through a Cayman Islands subsidiary and other violations after U.S. officials heard from the U.K. government that doing so could lead…
Ericsson’s services for Flow mobile networks in Caribbean
From Zacks Swedish communication technology and services giant Ericsson won a contract extension to provide world-class managed services to C&W Communications, which owns the retail brand Flow. C&W Communications was acquired by Liberty Global (LiLAC Group) earlier this year. The…
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ON THE RIGHT: Caribbean tourism will feel Brexit
By David Jessop From Barbados Nation News IT SEEMS TO ME, when I was looking at some of the issues for tourism, that the tourism industry doesn’t actually have the same luxury to wait and take some of this analysis…
Caribbean countries entangled by U.S. financial crackdown
By Marty From Ambergris Caye.com Forum Burdened by chronic back pain, Belize Prime Minister Dean Barrow avoids traveling abroad, his colleagues say. But in January, he flew to Washington and visited one government agency after another on a singular mission:…
Reminder of July 15 feedback deadline: Cayman Fuel Markets
Comment Now on Proposed “Cayman Fuels Markets” Government is working to establish, for the first time, an oversight body for the local fuels market. Also, public input is now invited into the proposed reform of fuels markets in the Cayman…
