The automotive sector is undergoing a radical change that is underpinned by the stock market. Electric car manufacturer Tesla, founded as recently as 2003, already has a significantly higher market capitalization of $60 billion than General Motors, with $51.46 billion, whose roots go back to 1908.
The SMP Partners Group is focusing on growth after its acquisition of Royal Bank of Canada’s trust, fund administration and custodian business in the Caribbean. The independent trust and corporate services provider acquired RBC’s offices in the Cayman Islands and Barbados after buying its first regional office from RBC in the Bahamas late last year.
If the word “FANG” brings images of Dracula to mind, you’re not alone. Nevertheless, in the world of investments the acronym FANG represents four tech giants: Facebook, Apple, Netflix and Google (now Alphabet). The term has regained popularity this year along with its younger companion FAAMG (Facebook, Apple, Amazon, Microsoft and Google). The reason for its resurgence is directly related to this year’s U.S. equity market performance.
To secure footing in the world of museums, galleries and art shows, modern artists must not only create, but also work as their own marketers, promoters and event planners.
Stock investors have a choice: One, they can make their investment decisions based on influencing factors. The second option is to focus on more important long-term issues and trends where there is a higher level of predictability.
As the Cayman Islands works to establish a beneficial ownership registry that will be accessible to law enforcement, another island nation continues to wrestle with international pressure on the subject.
As the shipping industry braces for an uncertain trade environment, Cayman Islands Port Authority Director Clement Reid has a positive outlook for the cruise sector.
Applications for the 2017-2018 school year closed only last week for the National Council of Voluntary Organisations’ new $20,000 university scholarship, marking the newest “giving back” community effort by the venerable Cayman charity.
It may not be a calamitous situation yet, says Andy Masters, but if it is not addressed it could turn into a full-fledged human resources crisis.
Offshore financial centers should focus on simplifying their business and having economic substance in their jurisdiction to thrive.
It now appears that the Federal Reserve will increase the Fed funds rate to 1.0 percent to 1.25 percent at the next meeting in June. The probability of this rate hike is firmly at 100 percent based on the most recent Fed forecasts.
The history of the movie industry is filled with challenges and doomsayers predicting the demise of Hollywood. From the introduction of sound to the advent of television, the motion picture industry has always been forced to evolve to stay relevant.
In an age dominated by digital devices, entrepreneurs at Cayman’s third annual Impact conference sought to take a step back from smartphones and reconnect with the human element of marketing.
You are only as good as your people. No matter the country or company, competent, diligent and happy people make for success. Compliance personnel are no exception.
When Kim Lund introduced RE/MAX to the Cayman Islands 25 years ago, the real estate company did not have a presence outside of North America.
Financial markets are considered good discounting mechanisms, but they don’t always get the probabilities exactly right. One of these skewed probability moments is currently playing out in markets.
Cayman will remain a successful offshore financial center if it changes the message it has sent out to the world over the past decades, according to Pascal Saint-Amans, director of the Centre for Tax Policy and Administration at the OECD.
When Chris Bailey’s “Anything is Possible” conference kicks off on May 26 at the Kimpton Seafire, a handful of speakers will pose some probing questions – and 200 listeners will weigh innovative answers.
The country of Israel has developed into a small, but fine stronghold of high-tech. Israeli-owned companies in the sector have had a good run on the stock market for more than a year now. Quite rightly, as details prove.
The ceremony was less than “historic,” but marked a minor milestone as Cuba’s first electric car was handed over in Havana on March 17 to its Guyana Embassy owners by Cayman Automotive’s John Felder. Felder’s U.S.-based Premier Automotive Export subsidiary of Cayman Automotive shipped the US-built, four-door Nissan Leaf to Havana in late February.