Michael Ashcroft’s Belize Bank seeks to enforce US$18 m award against Belize Government
From OffshoreAlert Belize Bank Ltd. v. Belize Government: Petition to Confirm Foreign Arbitration Award The Belize Bank Limited, which is controlled by British businessman and political activist Michael Ashcroft, has filed a petition at federal court in Washington, D.C. to…
Two sides trade jabs in debate over Major League Soccer stadium at PortMiami
By Patricia Mazzei From Miami Herald Miami-Dade County got a peek Sunday at the acrimony it can expect over the next weeks and perhaps months as two sides faced off in a testy debate over potential Major League Soccer stadium…
Pareto Securities downgrades Royal Caribbean Cruises to Hold (RCL)
By Masoud Bidgoli From Mideast Times Royal Caribbean Cruises (NYSE:RCL) was downgraded by equities research analysts at Pareto Securities to a “hold” rating in a research note issued to investors on Tuesday, StockRatingsNetwork reports. Several other analysts have also recently…
Firebird Global Master Fund Holdings, Ltd. discloses its position in Galahad Metals
CAYMAN ISLANDS, Apr 14, 2014 (Canada NewsWire via COMTEX) — Firebird Global Master Fund Holdings, Ltd. (“FGMF Holdings”) announces that it acquired from Galahad Metals Inc. (nex:GAX) (the “Issuer”) a 15% convertible note in the principal amount of $400,000 (the…
The Cayman Islands – a growing reinsurance centre
GRAND CAYMAN, Cayman Islands – Recent changes to the Insurance Law have made the Cayman Islands a more attractive domicile for reinsurance companies. That was part of the message from Premier Hon. Alden McLaughlin Tuesday morning when he helped ring…
Gold bears bet wrong again as rally continues
From Moneynews (Sunday 13 April 2014) Bearish speculators misjudged gold bets again as the release of Federal Reserve minutes extended this month’s rally in bullion. Money managers cut their net-long position to the lowest since February in the week ended…
CIBC FirstCaribbean welcomes new associate director to retail team
Grand Cayman, CAYMAN ISLANDS 9 April 2014 – CIBC FirstCaribbean has announced the appointment of Joy Callender as the bank’s new Associate Director of Retail Banking. Fresh off her Turks and Caicos (TCI) team’s success as Branch of the Year…
What’s next for China and Latin America?
By Nicolas Santo From EconomyChina What does a marvelous island in the Caribbean have in common with the freezing Argentinean Patagonia and the lush Brazilian Northeast? Let’s leave that question for now and jump back to 2004. In November of…
Euromoney rankings recognise Deutsche Bank’s client relationships in the Cayman Islands
Deutsche Bank has been recognised for the quality of its customer service in the Cayman Islands in the prestigious Euromoney Private Banking and Wealth Management Survey 2014. The Bank was awarded the accolade for ‘Best Relationship Management’ in the Cayman…
When you hear the phrase ‘Cayman Islands hedge fund,’ what comes to mind?
By Dan Murphy From Dairy Herd Commentary: Caribbean caper When you hear the phrase ‘Cayman Islands hedge fund,’ what comes to mind? Billionaires, financiers and venture capitalists, right? Now you can add (alleged) ‘animal activist group.’ One of the most…
