Power outages persist for 1.4m amid US heatwave
Some 1.4m storm-struck households in the eastern US are without electricity for a fourth day amid sweltering temperatures. Three people have already died from heat-related deaths in Maryland, as crews from as far as Quebec and Oklahoma battle to restore…
F1 Marussia driver Maria de Villota in Duxford crash
A Formula 1 test driver who suffered life-threatening injuries in a crash during testing in Cambridgeshire has regained consciousness. Maria de Villota was hurt while driving an MR-01 race car for the first time for the Oxfordshire-based Marussia team at…
DeVere plans Cayman Islands office
The deVere Group is looking to open a regional office in the Cayman Islands, and is sending its frontman, Simon Pratt, to oversee the launch. A company spokesman said the new office, the company’s first in the Caribbean, was expected…
Barclay’s chief executive Bob Diamond quits
Bob Diamond, the boss of Barclays has resigned from the embattled bank. The chancellor, George Osborne, said his sudden resignation was “the right decision for Barclays – and for the country”. “I think Bob Diamond’s resignation is the first step…
Penny Palfrey ends attempt to complete unaided swim from Cuba to Fla.
Endurance swimmer Penny Palfrey, who is 49, ended her attempt early Sunday (1) to become the first woman to swim unaided from Cuba to the Florida Keys, unable to close the gap on the last 26 miles of the 103 miles…
Hedge Funds article in NY Times showcases Cayman’s hedge funds business
Last Sunday (1), under the heading “In Caymans, It’s Simple to Fill a Hedge Fund Board”, an article appeared online at dealbook.nytimes.com saying how over the last decade in the Cayman Islands hedge funds have grown “from a cottage industry…
Michael Jackson’s Bengal tiger ‘Thriller’ dies from lung cancer
Shortly after the third anniversary of Michael Jackson‘s death Tippi Hedren announced on Wednesday that Jackson’s former Bengal tiger named Thriller died from lung cancer. The 13-year-old, 375 pound tiger had been living at Hedren’s big cat sanctuary since May…
The Chinese Want to Replicate Guernsey’s Funds Sector
The Chinese government is so impressed by the way British island Guernsey regulates its hedge funds that it plans to replicate that system for its own funds sector. Investment Europe reported that the Shanghai Municipal Services Office has enlisted Guernsey-based…
SEC Suspends China Medical ADR Trade on Info Accuracy
Trading of China Medical Technologies Inc. (CMEDY) (CMEDY)’s American depositary receipts was suspended by the U.S. Securities and Exchange Commission, which cited questions on the accuracy of the company’s information. The regulator ordered a temporary suspension in the Beijing-based medical…
Economic Prediction For TCI Period June To 31st March 2013
None of the British Overseas Territories in the Caribbean (Anguilla, Bermuda, British Virgin Islands, Cayman Islands or Montserrat) have Value Added Tax (VAT), so why is Turks and Caicos Islands (TCI) being unilaterally singled out for VAT? Cayman Islands (much…
