Manulife Acquires Michael Lee Chin`s AIC Limited

admin

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 […]

Trinidad`s Petroleum Company Sells Millions In Bonds

admin

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, […]

Golding Slams Standard And Poor`s Downgrade

admin

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 […]

Advocates Want Haitian Detainees Released To Bury Tot

admin

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, […]

Stanford Investor Accounts To Stay Frozen

admin

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 […]

Several Jamaican New Yorkers For City Council Honors

admin

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, […]

Caribbean Hotels Thumped By Economic Recession – Report

admin

CaribWorldNews, ATLANTA, GA, Tues. Aug. 11, 2009: Tourist travel to the Caribbean decreased by some four percent in 2008 even as many regional hotels saw profits dip by 16 percent. That`s the word from PKF Hospitality Research, which on Monday, released its 2009 edition of `Caribbean Trends in the Hotel […]

Obama Pushes Immigration Reform To Back Burner

admin

CaribWorldNews, WASHINGTON, D.C., Tues. Aug. 11, 2009: Immigrants awaiting immigration reform to legalize their status in the U.S. will have to push their hopes into the New Year. President Obama, at a summit with the leaders of Canada and Mexico in Guadalajara, Mexico Monday, claimed he has `a pretty big […]

Digicel Caribbean Cup New York Off To A Good Start

admin

CaribPR Wire, BROOKLYN, New York, Tues. Aug. 11, 2009: The reigning Digicel Caribbean Cup New York Champions, Jamaica, took on St. Vincent & the Grenadines (SVG) in the feature match of Sunday`s triple presentation in the Digicel Caribbean Cup New York at the Jefferson High School Field in Brooklyn, NY, […]

Cuba Crash Claims 14 Lives

admin

CaribWorldNews, HAVANA, Cuba, Tues. Aug. 11, 2009: Fourteen lives were lost yesterday in Cuba when two trucks loaded with passengers collided in the central Cuban province of Ciego de Avila. Cuban government news agency, AIN, says the crash occurred on the Central Highway outside Baragua, 250 miles east of Havana. […]