”We have long been a leader in the international markets where we operate,” said Rick Waugh, Scotiabank President and CEO. “With these changes Scotiabank will be well-positioned to seize significant global business opportunities that align with our strategic plans.”

 Scotiabank announced a re-organization into four business lines:

• Canadian Banking (CB)
• International Banking (IB)
• Scotia Capital (SC)
• Global Wealth Management (GWM)

 Global Wealth Management becomes the fourth pillar in the Bank’s strategy of diversification across multiple geographies, product lines and strong businesses. Existing wealth management and insurance in Canada and internationally will be combined into GWM, along with Global Transaction Banking (GTB).

 In addition, Scotia Capital will have a broader mandate which has been expanded to capitalize on the significant wholesale opportunities in international markets where Scotiabank has a strong presence, most notably in Latin America and Asia. Scotia Capital will continue to be led by Co-CEO’s and Group Heads, Mike Durland, responsible for global capital markets, and Steve McDonald, who leads global corporate & investment banking.

 ”The changes we are announcing today will accelerate the progress of several initiatives that are well underway,” said Waugh.

 To support these changes to organizational structure, Scotiabank is making the following senior leadership appointments.

• Chris Hodgson becomes Group Head, Global Wealth Management
• Rob Pitfield becomes Group Head and Chief Risk Officer
• Brian Porter becomes Group Head, International Banking
• Anatol von Hahn becomes Group Head, Canadian Banking

 ”Scotiabank remains firmly committed to our five key business priorities: sustainable revenue growth, capital management, leadership, prudent risk management and expense management,” said Waugh. “This new structure leverages our progress to date and positions us to compete and win in the global marketplace, recognizing the breadth and diversification of Scotiabank, the strength of our team and our successful business model.”

 Scotiabank is one of North America’s premier financial institutions and Canada’s most international bank. With close to 70,000 employees, Scotiabank Group and its affiliates serve approximately 14.6 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking. With more than $523 billion in assets (as at July 31, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

The singer, is set to release her fifth album titled `Loud,` for the Christmas holidays. `Loud` is slated to hit stores in November and comes on the heels of her fourth disc, `Rated R.`

Yesterday, RiRi released her new single, `Only Girl (In the World)` on Ryan Seacrest`s morning radio show. The single was produced by Stargate, the same Grammy-winning producing team responsible for some of her biggest hits, including `Rude Boy,` `Unfaithful,` `Hate That I Love You` and the dance anthem `Please Don`t Stop the Music.`

`Want you to make me feel, like I`m the only girl in the world,` she sings. `Like I`m the only one that you`ll ever love, like I`m the only one who knows your heart.`

`Get loud, everybody. Get crazy. Get excited. `Cause I`m pumped. I`m just gonna be me,` she told fansite RihannaDaily.com during a live chat. `I`m done recording the whole album … I made sure not to let you down with my music! You guys are always defending me, so now you`ve got some great songs to justify it. I didn`t want to go backward and remake [2007`s] `Good Girl Gone Bad.` I wanted the next step in the evolution of Rihanna, and it`s perfect for us.`

…

Brown was on Tuesday spared jail after prosecutors dropped all but one charge against her in Brooklyn Supreme Court. It was a post birthday present for Brown, born Inga Marchand, 32, who was only indicted for allegedly violating a court order that barred her from contacting a neighbor in Prospect Heights.

If convicted of that count, Brown faces community service. A grand jury failed to indict her on two felonies and three of four misdemeanors.

Afterwards, she blamed her legal trouble on people`s `jealousy` of her.

`I always knew I was innocent. And this is all about jealousy,` she said, without elaborating.

…

However, Thomas, in an address to the nation last night, said hotels benefitting will have to spend 90 percent of the service charge with workers. 

`This safeguard is meant to ensure that the service charge collected is paid to the workers,` the PM said.

He also granted a 50 percent rebate in the VAT on hotel occupancy for the months of September, October and November.

Thomas added that his government will continue to support the expansion of airlift to the island.  So far this year, the Thomas administration says it has spent $8 million on direct airlift to Grenada from North America and Europe.

…

Federal authorities accused 25-year-old Yunior Lopez of Elizabeth, 29-year-old Amaurys Caminero of Linden and 27-year-old Kerlwin Taveras of the Bronx, N.Y., with conspiracy to distribute cocaine.

Lopez and Caminero are baggage handlers for Houston-based Continental Airlines, where Taveras formerly held the same job. Prosecutors say the cocaine arrived aboard flights from the Dominican Republic.

…

The factory closing comes just days after employees found the body of Jason Fraser, 30, at an idle plant on Sept. 2. The plant`s machines were not being used but authorities said Fraser appeared to have been crushed.

Labor Minister Manzoor Nadir said the factory will remain closed until authorities determine how the worker died even though he would not have fit through the machine`s narrow opening. Barama has had three deaths in the past year

`Too many young people are dying at the workplace,` said the minister. `This is unsatisfactory.`
Barama Company Limited, a Malaysian company, has a concession of 1.6 million hectares of Guyana forest.

…

`We have long been a leader in the international markets where we operate,` said Rick Waugh, Scotiabank President and CEO. `With these changes Scotiabank will be well-positioned to seize significant global business opportunities that align with our strategic plans.`

Scotiabank announced a re-organization into four business lines:
• Canadian Banking (CB)
• International Banking (IB)
• Scotia Capital (SC)
• Global Wealth Management (GWM)

Global Wealth Management becomes the fourth pillar in the Bank`s strategy of diversification across multiple geographies, product lines and strong businesses. Existing wealth management and insurance in Canada and internationally will be combined into GWM, along with Global Transaction Banking (GTB).

In addition, Scotia Capital will have a broader mandate which has been expanded to capitalize on the significant wholesale opportunities in international markets where Scotiabank has a strong presence, most notably in Latin America and Asia. Scotia Capital will continue to be led by Co-CEO`s and Group Heads, Mike Durland, responsible for global capital markets, and Steve McDonald, who leads global corporate & investment banking.

`The changes we are announcing today will accelerate the progress of several initiatives that are well underway,` said Waugh.

To support these changes to organizational structure, Scotiabank is making the following senior leadership appointments.
• Chris Hodgson becomes Group Head, Global Wealth Management
• Rob Pitfield becomes Group Head and Chief Risk Officer
• Brian Porter becomes Group Head, International Banking
• Anatol von Hahn becomes Group Head, Canadian Banking

`Scotiabank remains firmly committed to our five key business priorities: sustainable revenue growth, capital management, leadership, prudent risk management and expense management,` said Waugh. `This new structure leverages our progress to date and positions us to compete and win in the global marketplace, recognizing the breadth and diversification of Scotiabank, the strength of our team and our successful business model.`

Scotiabank is one of North America`s premier financial institutions and Canada`s most international bank. With close to 70,000 employees, Scotiabank Group and its affiliates serve approximately 14.6 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking. With more than $523 billion in assets (as at July 31, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

…