Archives for Tuesday, January 6, 2004:

Billion-dollar lawsuit filed by Parmalat investors over Cayman Islands scheme

NEW YORK, USA (AFP): A lawsuit filed Monday on behalf of US shareholders in scandal-plagued Italian food giant Parmalat seeks at least one billion dollars for investors victimized by "one of the largest financial frauds ever perpetuated."... read more...

Caricom intervenes in Haiti's political crisis

GEORGETOWN, Guyana (AFP): The 15-nation Caribbean Community has sent a delegation to Haiti to talk to President Jean Bertrand Aristide, opposition leaders and members of civil society, in a bid to ease worsening political tensions in the nation, Caricom said in a statement Monday... read more...

Canada is new leader of OAS permanent council

WASHINGTON, USA: Canada will preside over the Permanent Council of the Organization of American States (OAS) for the next three months, with Ambassador Paul Durand now in the rotating chairmanship of the hemispheric body... read more...

British Virgin Islands' finance sector earns IMF seal of approval

ROAD TOWN, BVI: An IMF review of the British Virgin Islands' financial sector has given the jurisdiction's regulatory environment a clean bill of health, according to a report published last Tuesday... read more...

Central banker urges business to prepare for Caribbean integration

BRIDGETOWN, Barbados: Governor of the Central Bank of Barbados, Marion Williams, has urged the region's businesses to formulate a common approach to doing business within the Caribbean Single Market area so as to benefit from greater economies of scale and compete effectively within an expanded and liberalised market place... read more...

TRAVEL NEWS

Montserrat and Great Exuma, Bahamas are hot destinations for 2004

WASHINGTON, USA: In its list of International Hot Spots 2004, the Washington Post includes Montserrat and Great Exuma, Bahamas among the choices for 10 hot international destinations in the new year... read more...

SPORTS NEWS

Gibbs, Kallis centuries shut out West Indies

CAPE TOWN, South Africa (AFP): Herschelle Gibbs and Jacques Kallis hit centuries and shared a 251-run stand Monday as South Africa snuffed out any faint hopes the West Indies might have had of pulling off a win in the third Test at Newlands to keep their hopes in the series alive... read more...