‘Ring of fire’ eclipse wows sky-gazers
AFP) – Millions of sky-gazers got the spectacle of a lifetime as a “ring of fire” solar eclipse crossed the Pacific from Asia to the United States, where it triggered whoops at festive viewing parties. The annular eclipse was visible…
Moody’s downgrades CDB
The US based rating agency, Moody Investors Services has downgraded the credit ratings of the Barbados-based Caribbean Development Bank (CDB) by one notch from Aaa to Aa1. CDB president Dr. Warren Smith told the bank’s annual board of governors meeting…
Question raised on Cayman Islands Iranian securities fund
In a story posted by Cliff Burns on EXPORTLAWBLOG on May 23 he asked the question, “Are There Any Limits Remaining on OFAC Jurisdiction over Foreigners?” In today’s civil penalty releases, the Office of Foreign Assets Control (“OFAC”) announced a…
Cayman Islands students join other students to showcase their craftsmanship
On Saturday, June 2 2012, students at IYRS will participate in the school’s unique graduation ceremony. Instead of collecting diplomas that prove hours of learning, students will launch and showcase the boats they spent the past year building and restoring….
U-Boat in Cayman waters May 24, 1942 sinks Dutch MV Hector
Day 997 May 24, 1942 Caribbean. At 1.15 PM 100 miles South of Santa Domingo, Dominican Republic, U-502 sinks neutral Brazilian SS Gonçalves Dias by mistake (6 dead, 39 survivors). At 4.40 PM 60 miles Northwest of Grand Cayman Island,…
Grand Cayman based Consolidated Water Co. Ltd. to expand retail water operations with Bahamas Joint Venture
Consolidated Water Co. Ltd. (NASDAQ: CWCO), which develops and operates seawater desalination plants and water distribution systems in areas of the world where naturally occurring supplies of potable water are scarce or nonexistent, today announced that it has formed a…
Cayman Islands connection in the Kleiner Perkins Discrimination Lawsuit
Ellen Pao, a junior partner at Kleiner Perkins Caufield & Byers, has filed a lawsuit against the storied venture capital firm, with detailed allegations about gender discrimination, harassment, retaliation and other charges at the firm. Pao, who joined…
Jamaica urges region to continue with fiscal consolidation policies at CDB meeting in Cayman Islands
Jamaica says Caribbean countries must continue with fiscal consolidation policies despite the sluggish economic growth. Temporary Alternate Governor for Jamaica, Ambassador Sharon Saunders, addressing the annual board of governors meeting of the Barbados-based Caribbean Development Bank (CDB) here on yesterday,…
Minister congratulates new CONCACAF President
As he delivered his address at the Caribbean Football Union (CFU) congress in Budapest, Hungary, this week (23 May), Minister of Sports the Hon. Mark Scotland, JP, called Mr. Jeff Webb’s election as new Confederation of North, Central American and…
Between Facebook and JPMorgan, Wall St. woes mount
AP) — Almost four years after the financial crisis, Wall Street still can’t get it right. Investor anger mounted Wednesday over the initial public offering of Facebook stock last week, which was fumbled by the banks that managed the deal…
