Addressing the National Association for Business Economics (NABE), Federal Reserve Chairman Janet Yellen delivered a striking tone on the inflationary debate. Reiterating the “mystery” surrounding the recent low inflation readings, the chairman’s candid remarks did very little to stir markets.
Electric cars manufactured by Tesla are still a rarity on the roads in the Cayman Islands, but on the stock market, the U.S. carmaker already is firmly in the fast lane.
The current consensus on the possible impact of Brexit on the Cayman Islands and indeed the Caribbean is simply that it all depends on the final Brexit deal negotiated between the U.K. and the EU. But there are a number of reasonable implications and we need to prepare for them.
2016 has been a tumultuous year. Democracy itself has faced a crisis, and the political establishment has been shaken. Voters in the U.S. and the U.K. expressed their desire for change, regardless of the form this change is going to take and at times fueled by xenophobic sentiment.
2016 heralded unprecedented shifts in our global political landscape. The watershed moment, it can be argued, was Britain’s vote to abandon the 23-year-old European Union. As news reports of this historic vote surfaced, shock waves ricocheted across global financial markets, sending all the major indices into tailspins.
Thanks to a series of new record highs, the leading U.S. stock market indices had a very successful end of the year. The recent momentum also puts the market in a good position heading into 2017.
The British Brexit vote has caught many market participants off guard, particularly in the foreign exchange market.
The U.S. presidential election not only produces controversial headlines in the media, but also raises concerns for many investors.
During the height of the Cold War, the Berlin Wall was built to keep the citizens of East Germany from leaving. We cheered as it and similar barriers to emigration from the Soviet to the Free World fell in 1989. But the right to leave awkwardly confronts the right of countries to choose who may or may not enter. The right to leave has little meaning if you have no place to go.
Stuart Bostock’s Security Centre Ltd. has protected a dozen high-profile personalities, and continues to prosper in the face of global threats – bombings, personal attacks and multiple casualties.
There has been a flurry of activity over the past six months in the halls of the Financial Services Ministry in Cayman and its counterparts in the United Kingdom and the other overseas territories on how and when to share company ownership information with law enforcement and tax authorities overseas.
In February, the Baltic Dry Index, which assesses the prices of moving major raw materials by sea, dropped to an all-time low of 290 points.
Linking arms in front of Bermuda’s parliament building, a large group of committed protesters earlier this year shut down debate on a controversial immigration reform bill that promised to offer “pathways to status” for expatriates in the territory.
On June 23, a referendum will be held in the U.K. for voters to decide whether the country should leave or remain in the European Union.
Elections are, by their nature, uncertain, which is why they are held in the first place.
Over the next three years, Cayman Islands residents are going to be hearing a lot more about what’s going on in the United Kingdom.
A Panamanian company set up by Canover Watson that was allegedly used to receive a $1.1 million bribe payment from Traffic Sports to Jeffrey Webb is the same entity that had a controversial $600,000 loan agreement with the Cayman Islands Football Association, documents reveal.
The spread of the Zika virus, a growing medical threat through much of the Americas, demands “urgent action” from regional governments to help control the potential economic damage an epidemic could cause, according to the World Bank and other institutions.
There is growing unease in the banking industry that a possible failure of the global economic recovery will hurt the still fragile banking system.
Craig Wright, chief economist at Royal Bank of Canada, admits he is slightly more optimistic than the consensus in his economic outlook. Yet he...