GO
Loading...

Cayman Islands

  • Herbalife 2Q profit falls 17 percent Monday, 28 Jul 2014 | 6:03 PM ET

    GEORGE TOWN, Cayman Islands— Herbalife Ltd. on Monday reported profit that decreased by 17 percent in its second quarter, and missed analysts' expectations. The George Town, Cayman Islands- based company said earnings fell to $119.5 million, or $1.31 per share, from $143.2 million, or $1.34 per share, in the same quarter a year earlier.

  • Austria Defies Pressure to End Bank Secrecy Saturday, 13 Apr 2013 | 1:20 PM ET

    "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.

  • Fugitive Hedge Fund Manager Arrested in Italy Sunday, 10 Mar 2013 | 5:36 AM ET

    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.

  • Treasury Nominee Lew Denies Conflict of Interest Wednesday, 13 Feb 2013 | 3:38 PM ET
    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.

  • The Cayman Island Entry on Jack Lew's Resume Wednesday, 13 Feb 2013 | 2:10 PM ET
    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.

  • Study: Flood of money leaving China Friday, 26 Oct 2012 | 1:17 AM ET

    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.

  • Argentina evacuating navy ship seized in Ghana Saturday, 20 Oct 2012 | 7:31 PM ET

    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.

  • Activists say Cayman must stop farming sea turtles Friday, 19 Oct 2012 | 8:36 AM ET

    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.

  • Consumer-debt bond volume expected to taper off Friday, 12 Oct 2012 | 2:58 PM ET

    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.

  • Argentine ship stuck in Africa in bondholder fight Thursday, 4 Oct 2012 | 1:07 PM ET

    BUENOS AIRES, Argentina-- The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund. Courts in the United States and Britain have granted judgments worth $1.6 billion to the hedge fund, but it and other bondholders are still suing for billions more and Argentina has refused to pay.

  • Oct 2- Fitch Ratings has assigned Qatar Islamic Bank's. USD1.5bn trust certificate issuance programme a final rating of' A'. The issuing entity under the programme is QIB Sukuk Ltd.

  • In Caymans, It’s Simple to Fill a Hedge Fund Board Monday, 2 Jul 2012 | 12:51 PM ET
    Cayman  Islands

    As hedge funds become a dominant force in the investing universe, directorship services have grown into a big business on the Cayman Islands. And because of a quirk in the island’s tax code, these funds must appoint a board, the New York Times reports.

  • Bet on Greek Bonds Paid Off for ‘Vulture Fund’ Wednesday, 16 May 2012 | 10:40 AM ET

    When Greece announced on Tuesday that it had made a €436 million bond payment to the hold-out investors who rejected the country's historic debt revamping deal in March, the decision came as no surprise. What’s news is where most of that money went. The NYT reports.