DAR ES SALAAM, (Reuters) – Developing countries could face a financing gap of $270-$700 billion — equivalent to the latest U.S.
(Jamaica Gleaner) – Tragedy struck at a basic school in the Tucker-Irwin area of St James on Thursday afternoon when a little girl died after an abandoned piano in a schoolyard fell on her.
Trinidad Express) – A 33-year-old man who raped and sodomised his 73-year-old mother was caught by police officers around 3 am on Thursday.
(Trinidad Express) – The Telecommunications Authority of Trinidad and Tobago (TATT) has begun investigations to determine whether the erroneous reports of the “discovery of children in a container on the port within Trinidad and Tobago was public mischief on the part of the broadcasting stations involved”.
CARACAS (Reuters) – Venezuela’s President Hugo Chavez has taken over a eucalyptus tree farm run by Ireland’s Smurfit Kappa, his latest move on foreign companies as he tightens his grip on the farm and food sectors.
Bahamas eyes beauty boost Officials in the Bahamas are hoping this year’s Miss Universe pageant will add some beauty to an ugly year for tourism.
Receiver seeks Stanford ease The court-appointed receiver in charge of the operations and assets of the Stanford Financial Group has asked a federal judge to release some client brokerage accounts that contain $250,000 or less.
(Barbados Nation) – The region has not co-operated enough in terms of how each country regulates its financial matters, and the Clico crisis has painfully exposed this.
CARACAS (Reuters) – Venezuela said yesterday it has no plans to take over any additional holdings of US food giant Cargill after socialist President Hugo Chavez ordered the seizure of the rice plant, renewing his nationalization drive.
(Trinidad Express) – The collapse of a large financial conglomerate and continued exposure to plunging oil and gas prices make Trinidad and Tobago’s economy vulnerable, a new report from the International Monetary Report has shown.
(Antigua Sun) – Prime Ministers Baldwin Spencer and Dr Ralph Gonsalves of St Vincent and the Grenadines, have attempted to further reassure the public of the soundness of Bank of Antigua Ltd (BOA) by opening, and reactivating personal chequing accounts there.
Council set for Haiti The UN Security Council is heading to Haiti next week to assess the country’s progress.
WASHINGTON (Reuters) – The International Monetary Fund on Tuesday warned that the global crisis had shifted to the world’s poorest nations and 22 countries may need as much as $25 billion in additional funding in 2009 to cope with the downturn.
(Trinidad Guardian) – There was a complete shutdown of the Port-of-Spain Port on Tuesday as rumours spread throughout the country that a container with missing children had been discovered.
RIO DE JANEIRO (Reuters) – US Secretary of State Hillary Clinton urged the Brazilian government yesterday to push for the return of an 8-year-old boy to his US father, who says his son was abducted illegally more than four years ago.
(Barbados Nation) – In a new twist to the CLICO saga, the life insurance arm of the group could be sold.
Governor consults over corruption report The governor of the Turks and Caicos Islands says he needs to consult with British ministers before releasing any findings by a commission which investigated allegations of widespread corruption.
(Jamaica Gleaner) – Pushing to clear the backlog of files received from the Bureau of Special Investigations (BSI), Director of Public Prosecutions (DPP) Paula Llewellyn has instructed detectives to arrest 14 of their colleagues for criminal offences, ranging from murder to assault.
(Trinidad Express) – Mounting demand for United States dollars has caused a foreign currency shortage in the local financial system.
CARACAS (Reuters) – It’s something few people can tell Venezuelan President Hugo Chavez: stop talking.
(Jamaica Observer) China, once among the least liked countries by the West, is rapidly becoming best friends, at least of the Latin America and Caribbean (LAC) region.
(Trinidad Guardian) Lawyers and auditors are working feverishly to find out what has happened to more than TT$5 billion from Clico’s Statutory Fund.
(Jamaica Gleaner) First Global Bank has signed a US$20 million agreement with the International Finance Corporation (IFC), a member of the World Bank group, to expand its capital base and to provide funding for on-lending to Jamaican businesses.
(Trinidad Guardian) The US company which sold 6,000 acres of land in Florida to British American has sued the insurance company, a subsidiary of the beleaguered CL Financial group, to recover US$38.2 million in a move which could end with the lender owning British American Trinidad.
(Trinidad Guardian) – CL Financial chairman Lawrence Duprey went on a shopping spree in south Florida in the last five years, buying or developing up to a dozen properties and spending an estimated US$1.5 billion—some of which would have come from local pensioners who were lured by promises of high returns from his insurance companies.
(Trinidad Express) – Despite some initial panic about the state of their investments, both big and small depositors of the failed CLICO Investment Bank had their claims processed by state owned bank, First Citizens, at the Queen’s Park Oval, Port of Spain, on Thursday.
(Trinidad Express) – The murder toll for the year has reached 100, with the killing of an Unemployment Relief Programme (URP) foreman and his wife.
CARACAS (Reuters) – Cuba’s ailing former leader Fidel Castro, not seen in public for almost three years, appeared on the streets of Havana and people cried when they recognized him, Venezuelan President Hugo Chavez said yesterday.
(Barbados Nation) After 176 days of fighting for the right to be a father to his child, the effort has paid off for a 31-year-old Guyanese man.
(Jamaica Gleaner) – It was billed as a late-night party at Kingston Harbour, but the boat never left the dock, as a barrage of bullets brought the session to its premature end.
Call for regional banking regulation The Governor of the Barbados Central Bank has urged that a regional regulatory system for the financial sector be put in place.
(Trinidad Express) – It was the season for multiple wins as the National Carnival Commission (NCC) announced the winners of Carnival 2009 at the new VIP lounge at the Queen’s Park Savannah, Port of Spain, yesterday.
SANTO DOMINGO, (Reuters) – The Dominican Republic canceled an Independence Day military parade amid public outrage over scandals linking soldiers and police to crime and drug trafficking.
The Barbados government is setting up a seven and a half million US dollar fund as a buffer for its tourism industry to cope with the global financial crisis.
(Jamaica Observer) – A businessman in his 60s could be slapped with more than 20 counts of incest and indecent assault following his arrest on Tuesday on allegations that he had been molesting his three young daughters.
BOGOTA (Reuters) – Three sons of a former boss of Colombia’s Cali drug cartel have been arrested along with more than 20 other people on charges of money laundering, authorities said yesterday.
– pilot accused of $5m customs breach (Jamaica Gleaner) – Airline crew should now expect to go through regular searches at the island’s two international airports as the Customs Department implements more stringent measures placing them under the microscope.
(Trinidad Guardian) – Not even dark skies and intermittent showers could damper the spirits and waistlines of thousands of masqueraders who went out on Tuesday to celebrate Carnival.
CORUMBA, Brazil, (Reuters) – Jaguars still roam the world’s largest wetland and endangered Hyacinth Macaws nest in its trees but advancing farms and industries are destroying Brazil’s Pantanal region at an alarming rate.
(Barbados Nation) The International Monetary Fund (IMF) has raised serious questions about the supervision of Barbados’ insurance sector.
(Jamaica Observer) HATFIELD, Westmoreland – Shelly-Ann Gordon was looking forward to her 14th birthday this Thursday.
HOUSTON, (Reuters) – Mutual funds that are not held in custodial Stanford Finan-cial Group accounts should be released from a court-ordered asset freeze, an attorney overseeing the company’s affairs and assets said in a statement on Monday.
KEY WEST, Florida (Reuters) – Packed with cocaine and grimly christened “coffins,” sleek jungle-built submarines are steaming their way north from Colombia through Pacific waters to deliver tons of illegal drugs headed for the US market.
(Trinidad Express) Fay-Ann Lyons Alvarez created history in the dawn of Sunday when she became the first female International Power Soca Monarch ever, soundly beating her husband, defending monarch Bunji Garlin into second place.
(Trinidad Guardian) – A Trinidadian national, a naturalised American citizen, was shot dead in Port-of-Spain on Sunday morning, all because he wined on another man’s girlfriend.
(Jamaica Observer) – The weekly Sunday Herald newspaper has been taken over by a group of investors headed by the Rev Garnett Roper, who hope to salvage the latest journal headed for Jamaica’s fearsome newspaper graveyard.
(Antigua Sun) – LIAT has cleared the air on its ownership, debunking suggestions that it is owned by Sir Allen Stanford.
Antiguan Prime Minister Baldwin Spencer will today advise Governor General Dame Louise Lake-Tack to reconvene a sitting of the House of Representatives to discuss the crisis sparked by charges in the US against billionaire Allen Stanford, a statement from the PM’s office said on Friday.
(Barbados Nation) The statutory fund of CLICO Holdings Barbados Ltd is in deficit to the tune of Bds$93 million, or possibly more, says Opposition Leader Mia Mottley.
(Jamaica Observer) Restrictions of varying degrees on the sale of US dollars do appear to be in effect at some of the major commercial banks in Kingston, despite a declaration by Bank of Jamaica governor, Derick Latibeaudiere, to the contrary.