Daily Brief: 2 Bank Spin-Offs That Could Happen – CIBC & Scotia? – Dec 18, 2017

Hello, MoneyMax101 readers! Here’s your news update.

• 2 Bank Spin-Offs That Could Happen – CIBC & Scotia?

  Fool.ca / Caribbean – Sun Dec 17, 2017

  If I thought a FirstCaribbean IPO would be successful, I can’t even imagine how popular a Bank of Nova Scotia spin-off would be given its Latin America/CA&C business is almost 20 times as large.

• Caribbean American Teen Is CNN Young Wonder Of The Year

  Newsamericasnow.com / Caribbean – Sun Dec 17, 2017

  A soon to be 17-year-old Caribbean American from New Windsor, New York was on Friday night, Dec. 15th, presented with a CNN Young Wonder of the Year award in New York City. Haile Thomas, who was born to Jamaican parents in Dallas, Texas was honored as a teen health activist for leading the next generation toward a healthier future.

• Russia’s Rosneft wins gas licences in Venezuela

  BBC News / Latin America – Sun Dec 17, 2017

  Venezuela has awarded licences to Russian energy giant Rosneft to develop two offshore gas fields. The deal allows its subsidiary, Grupo Rosneft, to export gas produced at the Patao and Mejillones fields in the Caribbean Sea for the next 30 years.

• Cruise lines record best profits in a decade

  Travelweekly.com / Caribbean – Sun Dec 17, 2017

  The cruise industry is closing out a year of extraordinary earnings, with several of the biggest companies enjoying their best profit margins in a decade. The cruise industry’s 2017 profit margins are surpassing its hospitality peers. Hotel/gaming companies are seeing an average profit margin of 8.6%.