Remittance To Caribbean, Latin To Drop This Year

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CaribWorldNews, WASHINGTON, D.C., Thurs. Aug. 13, 2009: Money transfers to the Caribbean and Latin American region will see a double digit drop this year, the Inter-American Development Bank`s Multilateral Investment Fund said Wednesday. The IDB`s MIF said the regions are expected to receive about $62 billion from its migrants this […]

Manulife Acquires Michael Lee Chin`s AIC Limited

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CaribWorldNews, TORONTO, Canada, Weds. Aug. 13, 2009: Manulife Financial yesterday announced it has acquired AIC`s Canadian retail investment fund business, the company stated by Jamaican Michael Lee Chin. Under the agreement, Manulife Mutual Funds would manage all AIC funds in Canada and AIC would continue to act as a fund […]

Bill Clinton Names Haiti Deputy

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CaribWorldNews, NEW YORK, NY, Thurs. Aug. 13, 2009: United Nations Special Envoy to Haiti, Former President Bill Clinton, has named a physician and Harvard University professor as his deputy. Clinton this week named Paul Farmer as his United Nations Deputy Special Envoy to Haiti to assist in advancing the economic […]

Stanford Investor Accounts To Stay Frozen

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CaribWorldNews, HOUSTON, TX, Weds. Aug. 12, 2009: The accounts of some customers of accused Ponzi schemer, Sir R. Allen Stanford, will remain frozen, a Dallas Court ruled Tuesday. The U.S. Appeals Court in Texas ruled that the assets will remain frozen while the court decides whether the customers principal and […]

Advocates Want Haitian Detainees Released To Bury Tot

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CaribWorldNews, MIAMI, FL, Weds. Aug. 12, 2009: Advocates are pressing the Department of Homeland Security to release two Haitian parents, held in detention since May this year, to bury their  8-month-old daughter. FANM, Inc., a leading social-advocacy agency serving South Florida since 1991, want Chandeline Leonard, 32, and Lucsene Augustin, […]

Golding Slams Standard And Poor`s Downgrade

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CaribWorldNews, KINGSTON, Jamaica, Weds. Aug. 12, 2009: The Standard & Poor`s rating agency has been criticized by Jamaica Prime Minister Bruce Golding. The criticism comes just days after Standard & Poor`s cut Jamaica`s debt rating from B- to CCC+. But speaking on Tuesday, Prime Minister Golding said the rating agency`s […]

Trinidad`s Petroleum Company Sells Millions In Bonds

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CaribWorldNews, NEW YORK, NY, Weds. Aug. 12, 2009: Trinidad & Tobago Petroleum Co. Ltd. has raised millions from its first dollar-denominated debt sale in two years. Petrotrin sold $850 million of 10-year dollar bonds, according to Bloomberg News. The money may be used to fund capital requirements and refinance debt, […]

Several Jamaican New Yorkers For City Council Honors

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CaribWorldNews, NEW YORK, NY, Weds. Aug. 12, 2009: Eight Jamaican New Yorkers along with a top Jamaican-owned business will be honored today at City Hall.  The New York City Council, under the leadership of Speaker Christine Quinn, will host its annual Jamaican Independence Day Celebration at City Hall today, Wednesday, […]