$400M loan from its own CEO is only 1/10 of what Sears needs to stay alive
By Chris Morran From Consumerist I don’t know about you, but if someone loaned me $400 million, it would just about cover all my debts. But I’m not a sagging national retail operation that hasn’t been relevant in decades. If…
Court dismisses Citibank appeal in Argentine debt row
From Business Insider New York (AFP) – A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds. The Federal Appeals…
Argentina summons US diplomat over ‘default’ comment
From Business Insider Buenos Aires (AFP) – Argentina summoned the acting American ambassador over his comments on its failure to repay debt tied up in a US legal battle, protesting his use of the word “default” and accusing him of…
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Cayman minister says no more duty cuts on fuel Marco Archer, Cayman Islands Minister of Finance, said last Friday (12) in the Legislative Assembly government could not afford to reduce the duty on fuel any further than the cuts in…
Astrophysicist invents a $110 earthquake warning system
By Katie Sola From Mashable In the early hours of Aug. 24, a 6.0 magnitude earthquake jolted Californians awake in terror across the Bay Area. But one UC Berkeley professor received five seconds of warning from a $110 homemade device….
Luxembourg – Cayman: Private equity structures
From Ogier Fund formation Global portfolio structuring Information on the Ogier Group and details of its regulators can be accessed via our website Many North American asset managers domicile investment funds with a Delaware-Cayman master-feeder fund which then invests globally…
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Authorities analyzed vulnerability of Caribbean SIDS at ECLAC event during the Samoa Conference
From SKNVibes September 3, 2014)- Authorities from several Caribbean Small Island Developing States (SIDS) and experts from the United Nations discussed today the critical factors that underpin the vulnerability of Caribbean SIDS, during the Third International Conference on SIDS being…
DataStax lands $106M in Series E Funding
By Ron Miller from Techcrunch DataStax, the commercial face of the open source Apache Cassandra database, announced $106M in Series E Funding, bringing their total to date to over $190M in funding. Today’s round was led by Kleiner, Perkins, Caufield…
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Former Cayman investment adviser gets prison sentence for money laundering OffshoreAlert are reporting former Cayman Islands-based investment adviser Joshua VanDyk was on Friday (5) sentenced to 30 months in prison in the United States for his part in a money…
Commissioner Piebalgs signs Development programmes for 20 African, Caribbean and Pacific countries
From The Jet Today, European Commissioner for Development, Andris Piebalgs, and representatives from 20 African, Caribbean and Pacific countries, have co-signed the National Indicative Programmes (NIP) under the 11th European Development Fund for the period 2014-2020 in Apia (Samoa), for…
