Global financial markets are feeling quite apprehensive these days. Three of the four risk appetite indicators that Credit Suisse tracks are in panic territory, and the fourth is fairly close to it. But as is so often the case, the stampede is happening a little late – a reaction to a growth scare from five months ago, rather than a reflection of the future that leading indicators foretell.
A Canadian businessman embroiled in a bitter dispute with one of Canada’s wealthiest men over a US$112-million investment in Caribbean casinos has been jailed in the Dominican Republic, officials say.
Antonio Carbone of Woodbridge, north of Toronto, and his brother Francesco are fighting with billionaire Michael DeGroote over a large casino venture that went horribly awry, bringing accusations of Mafia exploitation, death threats and fraud.
MONTREAL — An 82-year-old Quebec man has been arrested in the Dominican Republic for the alleged sexual exploitation of children.
Quebec provincial police say they arrested Joseph-Charles-Philippe Cote and escorted him back to Canada on Thursday.
Cote had been the subject of a Canada-wide arrest warrant since Feb. 8. A report in a Dominican newspaper says he was arrested in Sosua, in the Puerto Plata region.
Cote is expected to be formally arraigned in Montreal this afternoon.
According to his family, Les Lehmann has no history of macho endeavours. He used to run a Manitoba tree planting contractor, yes, but the 64-year-old had no special military or weapons training, and was typically known to spend his leisure time with a guitar on his knee.
Yet, on the night of Jan. 30, despite having nine bullets shot into him at close range, Mr. Lehmann single-handedly drove a pair of armed robbers away from a Dominican Republic apartment complex using nothing more than a baseball bat.
By Marco G.:With a new year blooming the general stock markets appear to have shaken off the uncertainties with Europe and the recession fears of last year. The large-cap S&P 500 (SPY) has gained about 20% since the October lows.
Officials in the Dominican Republic on Sunday reported the first death from a cholera outbreak that had spread from neighboring Haiti, local media said.Health officials were quoted as saying the victim had been in Haiti and lived in the Dominican city of Higuey.A health ministry statement said Renauld Francois, 53, died Thursday, and that an autopsy would be performed to learn the exact cause of death but that his symptoms were "consistent with the disease."The Dominican Republic has reported 152 cases of cholera since the outbreak in Haiti last year.
By FXstreet:Many commodities traders are still in shock after the recent volatility in the metals sector over the last few sessions. Let's put this in perspective, over the past two days gold has lost 13.33%, and silver is down 17.84%. Platinum, palladium, and copper have also been under serious pressure. The wide trading ranges and excessive volatility has futures exchanges getting involved to help reinforce confidence for investors.
By The Gold Report:The Gold Report caught up with Alexander Medina, the newly appointed director of mining for the Dominican Republic. With gold discoveries popping up all over Hispaniola - the country shares the metal-rich island with Haiti - Medina is a very busy government minister. But he was happy to spare a little time to talk to The Gold Report about what his office is doing to ensure that mining companies get the gold carpet treatment under the new administration.
A judge on Thursday banned the sale of a hagiography of Rafael Trujillo -- the strongman who ran the Dominican Republic for 30 years -- written by the dictator's daughter."Trujillo, My Father" is written by Trujillo's youngest daughter Maria de los Angeles Trujillo, born in Paris in 1939.The book presents a warm and humane portrait of Rafael Trujillo, the man nicknamed "The Boss" who ruled the Dominican Republic with an iron fist from 1930 until he was murdered in 1961.