Latin America Caribbean

  • HAVANA, Aug 26- Cuba said on Friday it was ready to receive U.S. commercial flights beginning next week and that it viewed their renewal after being suspended in 1961 as another positive step in a growing detente. JetBlue is scheduled to inaugurate direct flights between the long-time nemeses on Aug. 31, when it flies from Fort Lauderdale, Florida, to Villa Clara in...

  • NASSAU, Bahamas _ Ultrapetrol Ltd. on Thursday reported a loss of $12.8 million in its second quarter. On a per-share basis, the Nassau, Bahamas- based company said it had a loss of 9 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *UK court ruling effectively raises investor approval hurdle. *More details to be published on Aug. 26. LONDON, Aug 23- SABMiller shareholders can be treated as two separate groups when they vote on the brewer's 79 billion pound takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB aimed at making the vote as fair as possible.

  • LONDON— A British court has ruled that two groups of shareholders in brewing company SABMiller should vote separately on the 79 billion pound takeover offer made by rival Anheuser-Busch InBev, effectively giving smaller investors an outside chance to derail the deal. While smaller shareholders will receive cash for their stakes, SABMiller's two biggest...

  • LONDON, Aug 23- SABMiller shareholders can be treated as two separate groups when they vote on the company's takeover by Anheuser Busch InBev, a court in London ruled on Tuesday, granting a request from SAB for a split. SAB requested that those two shareholders-- cigarette maker Altria Group and Bevco, a vehicle of Colombia's Santo Domingo family-- be treated as a...

  • LONDON, Aug 23- A UK court has ruled that SABMiller shareholders can be treated as two classes when they vote on the company's takeover by Anheuser Busch InBev, granting the request from the brewer for a split. The 79 billion pound deal requires 75 percent approval by SAB shareholders. SAB requested that those two shareholders- cigarette maker Altria Group and...

  • NASSAU, Bahamas _ Nymox Pharmaceutical Corp. on Monday reported a loss of $3.8 million in its second quarter. The Nassau, Bahamas- based company said it had a loss of 8 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HAVANA— Cuba's ruling Communist Party released a new set of economic guidelines Tuesday that emphasize the slow-moving and limited nature of the country's reforms amid a sharp national economic downturn. They update a document that laid out President Raul Castro's vision of economic reform at the Cuban Communist Party's twice-a-decade congress in 2011.

  • GEORGE TOWN, Cayman Islands _ Fabrinet on Monday reported fiscal fourth-quarter earnings of $19.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 60 cents per share. For the current quarter ending in October, Fabrinet expects its per-share earnings to range from 70 cents to 72 cents.

  • Villagers mill about the dirt streets of the impoverished village of Akaraolu, Nigeria while the two-hundred-foot tall Oshie gas flare looms constantly in the background.

    How much is known about smaller oil nations that play a role in lubricating the world with crude?

  • Former Cuban President Fidel Castro and President of Cuba's University Students Federation (FEU) Randy Perdomo look at a newspaper during a meeting in Havana in this picture provided by Cubadebate.  The pictures of Castro with Perdomo were taken on January 23, 2015 according to Perdomo's account.

    Fidel Castro thanked Cubans for their tributes to mark his 90th birthday, and the iconic leftist revolutionary also lambasted his old foe, the U.S.

  • Aug 4- Spanish fashion group Mango is set to open its first megastore in Cuba before the end of the year after a recent thaw in the country's diplomatic relations with the United States, a source close to the company said. Mango's sales grew by 15.3 percent in 2015, the Barcelona- based unlisted company reported in May, driven by a focus on opening megastores...

  • Aug 4- Spanish fashion group Mango is set to open its first megastore in Cuba before the end of the year after a recent thaw in the country's diplomatic relations with the United States, a source close to the company said. Mango's sales grew by 15.3 percent in 2015, the Barcelona- based unlisted company reported in May, driven by a focus on opening megastores...

  • CARACAS, Aug 4- Facing a national food crisis, Venezuela's pumpkin-growing socialist president is exhorting compatriots to grow fruit and vegetables on balconies and roofs and in barracks across the country. His government's " Great Agro-Venezuela Mission" is promoting city farming to offset shortages which have led to lootings and riots as the OPEC country...

  • HAVANA, Aug 4- Cuba has chosen French firms Bouygues and Groupe ADP to modernize, expand and operate its Jose Marti International Airport in Havana to cope with a tourism boom. Foreign visitors to the Caribbean island jumped by 12 percent in the first half of 2016, the Tourism Ministry said on Tuesday, putting Cuba on track to a new annual record and its ageing...

  • HAVANA, Aug 3- Cuba said on Wednesday it had chosen two French firms, construction group Bouygues and Aeroports de Paris SA, to modernize, expand and operate its Jose Marti International Airport in Havana to cope with a boom in tourism. The Transport Ministry said Cuba selected Bouygues because of its track record in the construction sector in Cuba and Aeroports...

  • PARIS, Aug 3- Axa, Europe's second-biggest insurer, reported a weaker than expected 4 percent rise in its first-half net profit, hit by lower investment returns, higher claims and despite a boost from real estate sales. Europe's biggest insurer after Germany's Allianz said it made a profit of 3.2 billion euros, falling short of the consensus market forecast of 3.6...

  • PARIS, Aug 3- AXA, Europe's second-biggest insurer, reported a 4 percent rise in net profit for the first half of 2016, boosted by proceeds from real estate disposals but held back by natural catastrophe costs and lower asset management revenue. "We have delivered resilient underlying earnings... despite market headwinds and a higher cost of natural events,"...

  • MEXICO CITY, Aug 2- Mexico's largest airline group, Aeromexico, will increase the frequency of flights on five of its main international routes, the company said on Tuesday. On its European routes, Aeromexico will offer daily flights from Mexico City to Amsterdam and to London Heathrow- up from three and six flights per week, respectively. In May, Aeromexico started...

  • *UK court hearing on voting system Aug. 22. *Deal completion expected Oct. 10, trading on Oct. 11. AB InBev has put forward two variations of its offer: a straight 45 pounds per share intended for the majority of investors and a cash-and-shares offer aimed at SABMiller's two largest shareholders, Altria and the Santo Domingo family of Colombia.