Why did 1MDB put RM7bn bond redemption in Cayman Islands outfit?
Posted by Anil Netto, anilnetto.com Some serious questions are being raised about the proceeds of 1MDB’s RM7bn bond redemption, arising from the disposal of its investment in a joint venture with Petro Saudi International (PSI). 1MDB had disposed of its…
Cayman climber, Guy Manning at Everest base camp
The following are blogs from Guy Manning, a partner at Campbells law firm in Grand Cayman, who set off from Cayman to Kathmandu in Nepal at the end of March, 2013 to begin a two-month expedition with team mates. They…
New Venezuela President Sworn in, but Officials Will Audit Vote
By WILLIAM NEUMAN, New York Times CARACAS, Venezuela — In the carnival-mirror world of Venezuelan politics, Nicolás Maduro was sworn in as president on Friday, just hours after election officials agreed to carry out a partial recount of the vote…
Peltz’s Pepsi-Mondelez stakes raise speculation of merger
By Matt Townsend and Duane D. Stanford, Bloomberg Nelson Peltz’s Trian Fund Management LP disclosed stakes in PepsiCo Inc. (PEP) and Mondelez International Inc. (MDLZ), increasing speculation that he’ll push for a merger of the food makers. Trian said in…
Is good music as exciting as good sex?
By Diana Vilibert, Care2 Discovering a new favorite song is a great feeling…but is it as good as sex? Scientists at McGill University in Montreal think you may not be exaggerating when you describe the new Rihanna single as “orgasmic”—in…
Boston bombings used as malware scam bait
By Elizabeth Palermo, TechNewsDaily Contributor for TechNewsDaily From mashable Just hours after the Boston Marathon bombings Monday, scammers were already using the tragedy to fuel their malware campaigns, according to a study by Romanian anti-virus firm Bitdefender. The study found…
China’s economic miracle may be over
By Dan Weil, Moneynews News that Chinese economic growth slid to 7.7 percent in the first quarter from 7.9 percent a quarter earlier may be a sign that the nation’s days of economic glory are over. Many industries are beginning…
Health City Cayman Islands commences construction
The construction for Phase One of Health City Cayman Islands [better known as The Shetty Hospital] has commenced construction and is on schedule with first patients expected to check in to the 140-bed hospital in early 2014. The concrete is…
Six T&T pairs for NORCECA tourney
By Shammi Kowlessar After fielding just one pair in each of the first two tournaments in this year’s NORCECA (North, Central America and the Caribbean) Beach Volleyball Tour, Trinidad and Tobago will be represented by as many as six teams…
Herbalife unlikely to get auditor before investor meeting
By Duane D. Stanford & Chris Burritt – Bloomberg Herbalife Ltd. (HLF) said it isn’t likely to hire an outside auditor before it holds its annual shareholder meeting next week, to replace KPMG LLP which resigned after saying a partner…
