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AM Best affirms Greenlight’s A rating

From Royal gazette Ratings firm AM Best has affirmed the financial strength rating of A (excellent) and issuer credit rating of “a” of Cayman-based, hedge fund-backed Greenlight Reinsurance, Ltd. Concurrently, the company has affirmed the ICR of “bbb” of Greenlight…

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Jeff Webb hospitalised

CONCACAF president Jeffrey Webb has been taken to hospital in London after falling ill on his way to the UK to speak at a conference. Webb was due to speak at the Leaders in Football event at Stamford Bridge, home…

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Cayman Islands Stock Exchange : O2 MICRO INTERNATIONAL LIMITED

Cayman Islands Stock Exchange : O2 MICRO INTERNATIONAL LIMITED Announces Third Quarter 2012 Results on October 31, 2012 10/09/2012| 06:51pm US/Eastern GEORGE TOWN, Grand Cayman, Oct. 9, 2012 (GLOBE NEWSWIRE) — O2Micro(R) International Limited, ( OIIM), a global leader in…

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Syrian passenger plane forced to land in Turkey

Turkish fighter jets have forced a Syrian passenger plane suspected of carrying weapons to land in Ankara. Military communications devices were confiscated, and the Airbus A320 was given permission to leave, reports say. Turkey’s foreign minister said Ankara was determined…

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Work Drugs to release new album recorded in Cayman Islands

Cayman Islands Sessions By Work Drugs “The Cayman Islands Sessions” are a collection of acoustic interpretations of old and new Work Drugs songs. The album was recorded whilst Work Drugs were in the Cayman Islands with help from Mr. Kansas City….

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Sarah Brightman to travel to space station

British singer Sarah Brightman is to travel as a space tourist to the International Space Station. The classical recording artist, once married to Lord Andrew Lloyd Webber, will be part of a three-person crew flying to the ISS. After completing…

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Birmingham City owners confirm talks to sell club with two possible buyers in the frame

Birmingham City’s parent company declared to the Hong Kong stock exchange that it was in takeover talks with “two prospective buyers”. By Matt Scott The Cayman Islands-registered Birmingham International Holdings, whose shares traded on the HKSE before being frozen on…

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Lance Armstrong: Usada report reveals doping evidence

Cycling legend Lance Armstrong’s team ran “the most sophisticated, professionalised and successful doping programme the sport has ever seen” according to a report by the United States Anti-Doping Agency. In its report, Usada said Armstrong, 41, “engaged in serial cheating”…

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Malala Yousafzai: Reward offered for arrest of attackers

Pakistani officials have offered a 10m rupee ($105,000; £66,000) reward for information leading to the arrest of the attackers of a prominent teenage rights campaigner. Malala Yousafzai, 14, is recovering from surgery after being shot on Tuesday in northwestern Swat…

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The 10 Most Corrupt Tax Loopholes (even Cayman complains)

“If Mitt Romney won’t tell you which ones need to be closed, we will” By Chris Parker A four page article on CityPages News  names 10 corrupt US tax loopholes “A year ago Citizens for Tax Justice, a Washington, D.C.,…