World Business
Brazilian wealth seeks Cayman deals in complex environment
(CNS Business): The use of Cayman Islands funds as a wealth management tool for high net worth Latin American families was debated last week at the STEP LatAm Conference in Brazil, where kidnapping is a constant worry for the wealthy and demand for outbound investments is fuelled by privacy and security concerns as much as any […]
Digicel ditches plans for shares sale
(CNS Business): Regional telecommunications provider Digicel has ditched its plans for an international public offering of its shares, the firm said Tuesday, despite what it claimed had been “significant support … from a high quality group of investors during the marketing period”. Digicel said that current conditions, particularly in emerging markets, had impacted transaction momentum over […]
CONCACAF cuts ties with firm caught in FIFA scandal
(CNS): The Confederation of North, Central America and Caribbean Association Football (CONCACAF) has cut ties with the sports marketing firm Traffic, which was cited in the US justice department’s massive FIFA corruption and racketeering investigation for allegedly bribing football officials. CONCACAF said Monday that the relationship has come to end by mutual agreement but it […]
Travel chaos as US struggles to deal with visa system crash
(CNS Business): Thousands of travellers have been forced to postpone or cancel travel plans to the United States as a result of a technical glitch that has crippled the US government’s visa system. Officials have said that it will not be back up and running until next week, following a hardware failure earlier this month. The […]
Obama heading to the Caribbean
(CNS Business): America’s President, Barack Obama, will make his first presidential visit to Jamaica on 9 April. Reports from the White House stated the trip is focused on strengthening security in the Caribbean. Officials said in a release that Obama would visit the island nation to meet leaders, before departing for Panama to attend the Summit […]
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