Latin America Cayman Islands

  • GEORGE TOWN, Cayman Islands _ Fabrinet on Monday reported fiscal fourth-quarter earnings of $19.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 60 cents per share. For the current quarter ending in October, Fabrinet expects its per-share earnings to range from 70 cents to 72 cents.

  • Microsoft mogul's yacht blamed for destroying coral reef

    A yacht owned by Microsoft co-founder Paul Allen is being blamed for damaging protected coral reef in the Cayman Islands.

  • Pirates to invade the Caribbean

    Thousands of would-be pirates will flock to the Cayman Islands, as part of the annual Pirates Week National Festival.

  • The Ritz-Carlton Grand Cayman

    The Cayman Islands will play host to its 38th annual Pirates Week National Festival, which runs Nov. 12-22.

  • Jack Ma, founder of Alibaba Group Holding Ltd.

    The glittery initial public offering, which prices Thursday evening, may not be all gold.

  • "We will fight for bank secrecy. We are no tax haven," Austria's finance minister said after a group led by Europe's six biggest countries pledged to work together to tackle tax havens.

  • German hedge fund manager Florian Homm, who had been a fugitive for more than five years, was arrested in Italy on U.S. fraud charges, according to a statement from the U.S. attorney's office in Los Angeles.

  • Jack Lew speaks during his confirmation hearing.

    The top Republican lawmaker vetting Jack Lew to serve as Treasury secretary zeroed on his work at Citigroup as a possible conflict of interest.

  • Jacob Lew

    When the Treasury secretary nominee was chief operating officer of Citigroup's Alternative Investments unit, the bank had over a hundred subsidiaries based in the Cayman Islands.

  • LONDON, Nov 5- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank said on Monday.

  • LONDON, Nov 5- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank said on Monday.

  • By Radu Marinas and Sam Cage and Justyna Pawlak and Raissa Kasolowsky. BUCHAREST/ BRUSSELS/ DUBAI, Nov 2- Two months into anti-government protests in Syria last year, as the military crackdown grew more vicious, the European Union and United States introduced sanctions against President Bashar al-Assad, his security chiefs and members of his family.

  • Growing numbers of accountants, banks and consultants are signing lengthy office leases in Luxembourg and the Channel Islands as they flock to serve customers seeking the legal ways to cut their tax bills offered by having a offshore base.

  • Growing numbers of accountants, banks and consultants are signing lengthy office leases in Luxembourg and the Channel Islands as they flock to serve customers seeking the legal ways to cut their tax bills offered by having a offshore base.

  • BEIJING-- Chinese investors evaded government controls to move more than $600 billion out of the country last year and the outflow is increasing, fueling economic and political risks as communist leaders prepare for a handover of power, a Washington- based monitoring group says.

  • BUENOS AIRES, Argentina-- Argentina announced the immediate evacuation Saturday of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South American nation's economic crisis a decade ago.

  • KINGSTON, Jamaica-- Wildlife activists urged the Cayman Islands on Thursday to permanently halt the farming of green sea turtles at a popular government-owned tourist attraction that has released thousands of juveniles into the sea and harvests some for meat.

  • By Adam Tempkin and Charles Williams. Moreover, with frequent issuers Hyundai, Honda, Ally, World Omni and Ford already having tapped the market with large deals in recent weeks, issuance is bound to taper off, potentially focusing more on the so-called off-the run and esoteric sectors, as well as smaller auto issuers.

  • HONG KONG/ SINGAPORE, October 09 Fitch Ratings has downgraded and simultaneously withdrawn the rating on the notes of Corsair No.4 Limited Series 6 due to tranche default. The transaction is a synthetic corporate CDO referencing corporate obligations mainly in the U.S. and Europe.

  • Oct 5- Mexico has increased the size of a catastrophe bond issued by MultiCat Mexico Ltd to protect the country in the event of earthquakes and hurricanes during marketing, while reducing pricing from the original guidance due to strong investor demand.