Daily Brief- Monday 11th July 2016

NEWS

Hazel breaks down as body lowered into crypt

Former Prime Minister Patrick Manning’s embalmed body had it’s final resting place in a crypt at the Orange Grove Memorial Gardens, located under the chapel at Belgrove’s funeral home in Tacarigua. Read more…

FIRED CEO WINS $28m

After five years of fighting, fired chief executive Wayne Yip Choy has been awarded $28 million in a landmark judgment against his former employer, Angostura Holdings Ltd (AHL).The oral judgment was handed down by the High Court in Port of Spain last Friday by Justice James Aboud. Read more…

BUSINESS

FCI improves, NEL dividends steady

This week we at Bourse evaluate the most recent financial performance of two stocks with vastly different fortunes year-to-date; regional bank CIBC FirstCaribbean International (FCI) and holding company National Enterprises Ltd (NEL). We share our perspectives on these stocks and consider the value proposition offered to investors. Read more…

POLITICS

Colm: No cost yet on Manning funeral

FINANCE Minister, Colm Imbert, yesterday told Newsday that he is as yet unable to put a cost on the State funeral of former prime minister, the late Patrick Manning, but said this information should be ready in the coming week. Read more…

REGIONAL

New St. Lucia PM back in legal trouble

Allegations of breach of trust and misfeasance in public office have come back to haunt St. Lucia’s Prime Minister Allen Chastanet.Just over a year after a High Court judge threw out the claim against Chastanet, the Eastern Caribbean Court of Appeal has reinstated it. Read more…

Stop posing as a British knight, Antigua-Barbuda envoy warned

Officials at Buckingham Palace have written to a controversial Antigua and Barbuda special economic envoy warning him again to stop masquerading as a British knight. Read more…

INTERNATIONAL

South Sudan: Clashes erupt in Juba hours after UN plea

Renewed fighting has broken out in South Sudan between forces loyal to the president and vice-president. A reporter in the capital, Juba, told the BBC gunfire and large explosions could be heard all over the city. He said heavy artillery was being used. Read more…

Theresa May expected to be Britain's next PM as rival drops out

She is the last one standing for a job no one else seems to want. British Home Secretary Theresa May is the sole candidate in the race to become the country's next prime minister after the other remaining contender, Andrea Leadsom, dropped out Monday. Read more…

 

11th July 2016

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