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  • The highest-paid CEOs in each American state

    May 30, 2018 5:56 AM 2

    Here are the top-paid CEOs in each American state for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than US$1 billion in revenue that filed their proxy statements with federal regulators between January 1 and April 30. Not every state had a publicly traded

  • ECLAC reports increase in containerised cargo in Latin America and Caribbean

    May 30, 2018 5:56 AM 2

    SANTIAGO, Chile (CMC) — The throughput of containerised cargo in the ports of Latin America and the Caribbean increased by an estimated 6.1 per cent last year, confirming the improvement in the region's foreign trade in 2017 as well as the heterogeneity of growth rates in activity among the region's ports, according to new data released by the Economic

  • Trump announces new tariffs on Chinese technology

    May 30, 2018 5:56 AM 2

    WASHINGTON DC (AP) — The US is announcing that it will impose a 25 per cent tariff on US$50 billion worth of Chinese goods containing “industrially significant technology”. The White House said yesterday that the tariff will cover goods related to the “Made in China 2025” programme. The full list of imports that will be covered will be announced by June 15. Trump

  • Cugliari joins private wealth team at CIBC FirstCaribbean

    May 30, 2018 5:56 AM 2

    CIBC FirstCaribbean recently announced the appointment of Fernando Cugliari to the post of private wealth investment advisor. Cugliari, whose appointment took effect on May 3, will work with clients to provide international investment advice within CIBC FirstCaribbean in the Cayman Islands, the Caribbean and Latin America, the bank explained in a news release

  • Breathless Montego Bay wins Caribbean Hotel Development of the Year

    May 30, 2018 5:56 AM 2

    Breathless Resorts & Spa Montego Bay was named the Best New Caribbean Development for 2017 at the recently concluded Caribbean Hotel Investment & Resorts Summit. A news release from Kronos Investment & Development said that the the property was recognised for its chic design, state-of-the-art guest-friendly technology, unique roof top bar and restaurant

  • Sygnus doubles uptake from IPO

    May 30, 2018 5:00 AM 4

    Sygnus Credit Investments Limited upsized its initial public offer from US$10 million to over US$20 million in order to better finance deals its sees in the short term. "Our decision to upsize to US$20 million is based strictly on our assessment of our pipeline and the growing demand for private credit investment by medium-sized firms across various

  • Over 700 rooms for Jewel & Hilton portfolio

    May 28, 2018 3:01 PM 5

    President and CEO of Sagicor Group, Christopher Zacca has announced that an additional 760 rooms are to be added to the combined Jewel & Hilton Hotel portfolio. Zacca made the announcement while speaking about Sagicor's partnership with Playa Hotels & Resorts at the company's annual general meeting on Friday. “We will move from 1,320 Jewel rooms to 2,008, an additional

  • EU takes Bahamas, St Kitts off tax haven list

    May 27, 2018 6:55 AM 7

    BRUSSELS, Belgium (AFP) — The European Union (EU) on Friday removed the Caribbean nations of The Bahamas and Saint Kitts and Nevis from a blacklist of tax havens, bringing the number of jurisdictions to seven. The nations were struck from the list after providing good conduct commitments to EU authorities and will now move to the so-called grey list — countries

  • Gibraltar-based betting firm bet365 to expand in Malta

    May 23, 2018 8:01 AM 8

    GIBRALTAR, United Kingdom (AFP) — British online betting company bet365 said Monday it plans to expand in Malta, but vowed to keep its “strong presence” in Gibraltar where it is based, amid concerns Brexit could cause on exodus of gaming firms from the territory. A company spokesman said it would boost its staff in Malta, but dismissed as “wholly inaccurate

  • Ramaphosa says national unity depends on land reform

    May 23, 2018 8:01 AM 9

    BOKSBURG, South Africa (AFP) — South African President Cyril Ramaphosa on Saturday urged greater progress in land redistribution for the sake of national unity, saying not enough had been done since the end of apartheid. “Without the redistribution of land, we will not build a united South Africa. Without giving the poor the means to productively farm the land, we will not defeat