(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.