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Manulife Acquires Michael Lee Chin`s AIC Limited

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 sub-advisor for Manulife Mutual Funds. `This is a great fit ...

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Bill Clinton Names Haiti Deputy

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 and social development of the impoverished Caribbean nation. `Paul`s selfless ...

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DR-Born Former Immigrant Commissioner Now Bloomberg Campaign Staffer

CaribWorldNews, NEW YORK, NY, Thurs. Aug. 13, 2009: Former New York City`s Commissioner of Immigrant Affairs, Dr. Guillermo Linares, may have lost his bid to get on the ballot for a council seat, but he was yesterday named to a top post in the Mike Bloomberg mayoral re-election campaign. The Bloomberg Campaign Wednesday announced that Linares has joined the Bloomberg ...

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Beenie Man To Headline Old School New Year`s Eve Bash In USVI

CaribPR Wire, ST. CROIX, USVI, Tues. Aug. 12, 2009: CIGA Promotions will ensure that partygoers in the US Virgin Islands usher in 2010 well entertained, while supporting a worthy cause, with a massive concert slated for December 31, 2009 at the Randall `Doc` James Racetrack on St. Croix, U.S. Virgin Islands. Shawn Baptiste, CEO of CIGA Promotions, announced today that ...

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Golding Slams Standard And Poor`s Downgrade

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 move was unwarranted.He said there was `no chance` the nation ...

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Advocates Want Haitian Detainees Released To Bury Tot

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, 26, released to bury their child, Luana. The baby was ...

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Stanford Investor Accounts To Stay Frozen

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 not just ill-gotten `interest` can be `clawed back` to repay ...

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Trinidad`s Petroleum Company Sells Millions In Bonds

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, according to Bloomberg, quoting sources familiar with the offering. Petrotrin ...

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Several Jamaican New Yorkers For City Council Honors

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, August 19. This year`s celebration- co-sponsored by New York City ...

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Caribbean Hotels Thumped By Economic Recession

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 Industry.` `Even though Caribbean hotel managers were able to cut ...

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