Despite alliance, Russian shipper holds Venezuela oil hostage over debts

CARACAS/ CARIBBEAN - Venezuela’s state-run oil company, PDVSA, sent a tanker in October to the Caribbean with the expectation that its cargo of crude would fetch about $20 million – money the crisis-stricken nation desperately needs.

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Cuba and Portugal agree to cooperate in tourism

HAVANA, Cuba--Cuba and Portugal have signed a protocol of cooperation that stands to benefit tourism development in both countries.

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InselAir cuts based on law

WILLEMSTAD--Curaçao-based InselAir has come under some scrutiny and criticism regarding its recent decision to reduce its number of functions by some 250.

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Hooggerechtshof Venezuela neemt parlement over

CARACAS - Het hooggerechtshof in Venezuela heeft het parlement aan de kant geschoven en de taken ervan overgenomen.

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President Venezuela asks UN for help with medical supplies

CARACAS, Venezuela – In an unusual acknowledgement of his country’s desperate situation, President Nicolas Maduro has asked the United Nations to help address severe shortages of medicine and medical supplies in Venezuela.

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Aruba, Curacao and St. Maarten on new US list of money laundering countries

PHILIPSBURG--The United States (US) has named 21 Caribbean nations among a wider global list of Major Money Laundering Countries of 2016. The list includes all three Dutch Caribbean countries Curaçao, Aruba and St. Maarten.

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ING Bank verdachte in Nederlands strafonderzoek

ING Bank NV is verdachte in een Nederlands strafrechtelijk onderzoek. Dat richt zich op vermoede betrokkenheid van ING INGA€13,69-4,93% bij internationale corruptie, witwassen, het schenden van de regels voor cliëntonderzoek en het onvermeld laten van ongebruikelijke transacties.

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PDVSA can pump oil out of chained tanker

PHILIPSBURG--A disputed load of oil of Venezuela’s state oil company PDVSA, which is currently on board of crude oil tanker NS Columbus near St. Eustatius, will have to be pumped out and stored in a bunker at NuStar Statia Terminals. 

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Dismissal of 250 employees at InselAir

WILLEMSTAD-InselAir on Wednesday sent out dismissal letters for some 250 employees as a result of the ongoing crisis facing the Curaçao-based carrier.

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French company in the mix to get controlling stake in Rum Distillery

BRIDGETOWN, Barbados--A major rum deal has been announced that will see conglomerate Goddard Enterprises Limited (GEL) selling its majority interest in The West Indies Rum Distillery Limited (WIRD).

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PPP Watty Vos Boulevard project Aruba contracted

ORANJESTAD - In September 2015 the government of Aruba awarded the concession for the PPP Watty Vos Boulevard project to Mota-Engil. It marked the start of the tender procedure's Financial Close phase.

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Europese bedrijven willen bescherming tegen Chinese opkopers

BRUSSEL - Brussel moet Chinese investeringen in Europese bedrijven standaard aan de poort screenen. Daarvoor pleit de Europese Kamer van Koophandel (EuCham) in een rapport dat vandaag verschijnt.

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No flights InselAir outside Dutch Caribbean

WILLEMSTAD--As a direct result of the continued grounding of a part of its fleet by the Aruban Civil Aviation Authorities since January 26, Curaçao-based InselAir says it has no choice but to temporarily suspend flights to all destinations outside of the Dutch Caribbean per Wednesday, March 8.

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ABN Amro en ING bij best renderende banken van Europa

Veel Europese banken zijn niet in staat om kapitaalkosten terug te verdienen
Het ‘oude’ ABN Amro onder Rijkman Groenink had er grote moeite mee: beter renderen dan de concurrentie.

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Digicel in Deal with Chinese Firm Under US Probe

BRIDGETOWN, Barbados – Digicel this week begins offering voluntary separation packages as it moves to cut its global workforce by 25 per cent, a week after announcing organizational restructuring and a partnership with a controversial Chinese company embroiled in a probe by the United States government.

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Dijksma grijpt in bij luchtvaart Curacao

WILLEMSTAD - Het toezicht op de Curaçaose luchtvaartsector voldoet niet aan de internationale normen, zo schrijft staatssecretaris Sharon Dijksma van Infrastructuur en Milieu in een brief aan de Tweede Kamer.

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Mexican Company Shelling Out Over US$86 Million for Shares in Cement Plants in Three Caribbean Countries

PORT OF SPAIN, Trinidad, Monday February 20, 2017 – Mexican cement manufacturer Cemex is paying US$86.36 million for Trinidad Cement Ltd (TCL) and its three cement plants in Barbados, Jamaica and Trinidad and Tobago, the company has said.

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SZV and government St. Maarten sign lease accord for new building

PHILIPSBURG -- Social Health Insurances SZV and Prime Minister William Marlin on Friday signed a 30-year lease agreement to enable government to rent the new Administration Building on Pond Island for the next three decades.

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Venezuela Delays Crude Shipments

CARACAS - Venezuelan state oil company PDVSA has delayed and cancelled crude deliveries to commercial partners in recent months, according to documents seen by Reuters, a further sign of the steady production decline of the country's top export.

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Caribbean tourism arrival numbers hit all-time high

BRIDGETOWN, Barbados--Caribbean tourism broke new ground last year, surpassing 29 million arrivals for the first time ever and once again growing faster than the global average.

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