Cayman Islands
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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. » Read More |
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. » Read More |
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DUBLIN, April 11- Austria hit back at critics of its banking secrecy on Thursday by urging Britain and the United States to crack down on money laundering and tax havens in their own backyards, as EU ministers prepared to debate the issue in Dublin.
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WASHINGTON, April 10- President Barack Obama on Wednesday will issue a greatest hits list of ideas to raise $580 billion in new tax revenues over a decade, including a minimum tax on the wealthy and putting an end to some corporate tax breaks, administration officials said.
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BERLIN, April 5- German Finance Minister Wolfgang Schaeuble said on Friday he was glad the identities of thousands of holders of bank accounts in tax havens had been leaked because it would help do away with a business model that Cyprus had shown was flawed.
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WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out the Chinese solar panel maker to avoid a collapse of one of the country's biggest corporates, a person with knowledge of the matter told Reuters on Thursday.
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WUXI, China/ HONG KONG, March 21- The local government in Suntech Power Holdings Co Ltd's home town is seeking to bail out the Chinese solar panel maker to avoid an embarrassing corporate collapse, a person with knowledge of the matter told Reuters on Thursday.
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BEIJING/ BANGALORE, March 20- A group of Suntech Power Holdings Co Ltd lenders want the Chinese solar panel maker's main unit declared insolvent, a sign Beijing's support for the struggling industry is waning.
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*Move could signal China's support for industry waning. BEIJING/ BANGALORE, March 20- A group of lenders has filed a petition for the main subsidiary of China- based solar panel maker Suntech Power Holdings to be declared insolvent, a sign the country's support for the loss-making industry may be waning.
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March 15- Carnival Corp& Plc said on Friday said that its Carnival Legend ship, on the last leg of a seven-day Caribbean cruise, was having technical difficulties that were affecting its sailing speed. The problem prompted Carnival to cancel a scheduled stop on Friday on Grand Cayman, Cayman Islands.
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*Cuts earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Carnival Corp, the world's largest cruise operator, swung to a quarterly profit on Friday but posted lower revenue per cabin and cut its profit and revenue forecast for the year, citing weakness in Europe and pricing promotions.
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March 15- Carnival Corp& Plc said on Friday said that its Carnival Legend ship, on the last leg of a seven-day Caribbean cruise, was having technical difficulties that were affecting its sailing speed. The problem prompted Carnival to cancel a scheduled stop on Friday on Grand Cayman, Cayman Islands.
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*Trims earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Cruise operator Carnival Corp, grappling with a series of recent headline-grabbing mishaps involving its ships, said on Friday it returned to profitability in the latest quarter but cut its revenue and profit forecast for the year.
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HONG KONG, March 12- Cash-strapped Chinese solar panel maker Suntech Power Holdings Co Ltd is likely to be bailed out by the state, despite a temporary reprieve from some debt holders, as it struggles to cover a $541 million convertible bond due within days.
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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.
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March 9- 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. Absolute Capital, based in the Cayman Islands, managed nine hedge funds from 2004 to September 2007.
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DUBAI, March 7- Islamic fund managers in the Gulf are increasingly choosing foreign domiciles for their products, favouring their cost- efficiency and reputation for strong regulation as investors seek to avoid any suspicion of money laundering or tax evasion.
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WASHINGTON, Feb 27- The U.S. Senate on Wednesday confirmed Jack Lew as President Barack Obama's new Treasury secretary, putting the former White House chief of staff in the middle of political brawls over the government's budget.
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*Committee votes 19-5 to send nomination to full Senate. Treasury, Jack Lew, despite some concerns about his perks from previous employers, clearing the way for a confirmation vote in the full Senate. With the 19-5 vote, about half of the panel's 11 Republicans opposed Lew's nomination, which could be brought to the Senate floor for a final vote as early as Wednesday.
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NEW YORK, Feb 20- David Einhorn, hedge fund manager and chairman of reinsurer Greenlight Capital Re Ltd, said Wednesday that the U.S. government's lawsuit against Standard& Poor's has made rating agencies vulnerable.
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*Lew: Citigroup bonus was in line with others in industry. WASHINGTON, Feb 13- Jack Lew, President Barack Obama's pick to be U.S. treasury secretary, on Wednesday defused heated questions from lawmakers about his work at Citigroup and managed to find common ground with critics over the need for tax reform.
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The top Republican lawmaker vetting Jack Lew to serve as Treasury secretary zeroed on his work at Citigroup as a possible conflict of interest.