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US regulatory agency sues Cayman Island bank

New York (CMC) -- The United States regulatory agency, the Securities and Exchange Commission (SEC) has sued the Cayman Islands-based Caledonian Bank and four other companies, claiming that they took more than US$75 million from…

Two men swept into ocean during prank video in Japan

Tokyo, Japan (AFP) -- Two Japanese men riding a scooter and a bicycle along a seawall while clad only in their underwear for a prank video were missing Monday after being swept into the ocean. More than 50 police officers and rescuers, two…

Venezuela leader orders takeover of supermarket chain

Caracas, Venezuela (AFP) -- Venezuelan President Nicolas Maduro on Friday ordered the government takeover of a private supermarket chain, accusing the company of food hoarding amid huge lines and shortages in the crisis-hit country. Maduro…

OAS to send election observation mission to St Kitts-Nevis

Washington, USA -- The Organization of American States (OAS) will send an election observation mission (EOM) for the general elections in St Kitts and Nevis to be held on February 16, according to the agreement signed on Friday between the…

Boko Haram fighters flee Cameroon after attack

Yaounde, Cameroon (AP) -- Cameroonian officials say Boko Haram fighters who attacked a town in the far north killing nearly 100 people have retreated to Nigeria. Government spokesman Issa Tchiroma Bakary said Friday that Cameroonian…

IMF concludes consultation with Costa Rica

Washington, USA -- On January 30, the executive board of the International Monetary Fund (IMF) concluded the 2014 Article IV consultation with Costa Rica. Costa Rica bounced back quickly from the 2008–09 global crisis, but growth momentum…

Pope to make historic US Congress address on Sept 24

Washington, United States (AFP) -- Pope Francis will bring his message of peace and compassion to politically gridlocked Washington in September when he becomes the first pontiff to address the US Congress, lawmakers said Thursday.…

Dominican Republic redeems $4 billion PetroCaribe debt

New York, USA -- The Dominican Republic has redeemed $4 billion in outstanding debt accumulated with Venezuela's state-owned company (PDVSA) under the PetroCaribe agreement from 2005-2014. The Dominican Republic government used $1.9…