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Injunction issued against AmEx anti-steering rules

By Andrew Keshner, From New York Law Journal American Express cannot impede merchants from expressing preferences or offering incentives for consumers to use certain cards, a judge decided after already determining the company violated antitrust laws with its anti-steering rules….

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Skelos, son charged with bribery, extortion

By Mark Hamblett,From New York Law Journal In the latest federal indictment targeting what authorities say is a pay-to-play culture in Albany, New York state Senate Majority Leader Dean Skelos and his son, Adam Skelos, were arrested Monday on federal…

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5 ways humanity is killing crowdfunding

By Lyndsey Gilpin From TechRepublic Crowdfunding was meant to democratize finance and help the best ideas for changing the world have a chance to succeed. But as usual, humanity is trying to sabotage that mission. We were joking in the…

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iNews Briefs & Community Events

Community Events MAY 7 Clifton Hunter High School year 7 & 8 Parents’ Consultative Evening The Clifton Hunter High School year 7 & 8 Parents’ Consultative Evening is Wednesday (6 May) in the performing arts building at 5pm. Reporting session…

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Ridgefield hedge fund partner gets 33 months [funds based in Cayman Islands]

By Alexander Soule From Financial Mines Connecticut David Bryson, 46, a former managing partner of Ridgefield-based New Stream Capital, received a 33-month prison sentence for his part in a fraudulent scheme that ultimately defrauded investors of $46 million. Bryson collected…

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New Cayman Islands Finance Judge commences work

A new non-resident judge, Justice Nick Segal, sworn in earlier this year as a judge of the Financial Services Division (FSD) of the Grand Court, commenced hearing cases in Cayman last Thursday (30 April). Justice Segal will serve from time-to-time…

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CARICOM calls for reversal of policy preventing development financing to the region

From Jamaica Observer UNITED NATIONS (CMC) – The Caribbean Community (CARICOM) took its case for a reversal of the existing criteria for development financing to the United Nations urging the international community to re-examine the policies under which most Caribbean…

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OUR CARIBBEAN: Downgrade politics in T&T, Barbados

By Rickey Singh, From Nation News Barbados A continuing surprise for me as a journalist of the Caribbean region is the alacrity with which political parties so often rush to uncritically embrace negative fiscal ratings by international financial institutions and…

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Caribbean Nations prepare for Coconut Industry revitalization

From telesur A $US3.9 million program aims to revive the once-thriving industry and tap into markets for coconuts and sought after coconut by-products. From 1950 to 1980, the coconut industry was a vital agricultural subsector in the Caribbean. However, from…

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iNews Briefs & Community Events

Community Events MAY 6 Special Olympics Cayman Islands Football Special Olympics Cayman Islands invites you to the 2015 Annual National Games and Week of Awareness. The next event is Wednesday (6 May) at 5:30pm at the Truman Bodden Sports Complex…