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Business Cuba

  • Cuban and US flags are seen on balconies in Havana

    U.S. airlines Silver Airways and Frontier Airlines have become the latest to bow out of Cuba, posing new questions about diplomatic ties.

  • CARACAS, March 14- The head of the Organization of American States on Tuesday said that crisis-wrought Venezuela should be suspended from the regional diplomatic body if it does not hold general elections "as quickly as possible." Luis Almagro, secretary general of the OAS and a former foreign minister of Uruguay, stressed that elections are key to allowing...

  • CARACAS, March 14- The head of the Organization of American States on Tuesday said that crisis-wrought Venezuela should be suspended from the regional diplomatic body if it does not hold general elections "as quickly as possible." Luis Almagro, secretary general of the OAS and a former foreign minister of Uruguay, stressed that elections are key to allowing...

  • HAVANA, March 9- Cuba said on Thursday it had approved five new business proposals for its Mariel special development zone, bringing the total so far to 24 projects from 11 countries, worth $966 million in investment. Ultimately, cash-strapped Cuba hopes to replace imports with goods manufactured in the zone around Mariel Bay, just west of Havana.

  • HAVANA, March 8- Swiss firm Nestle is close to reaching a deal with Cuba on forming a new joint venture to build a $50 million to $60 million factory to produce coffee, biscuits and cooking products, company Vice President Laurent Freixe said on Tuesday in Havana. Cuba has upped its drive to attract foreign funds in a bid to stimulate the economy in recent years,...

  • A worker puts cigars in boxes at the H.Upman Cigar Factory in Havana, on February 26, 2015.

    Sales of Cuba's legendary cigars rose 5 percent last year to $445 million.

  • Volunteers at the Turning Point USA booth wait to speak with people attending the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, February 23, 2017.

    Conservatives are delivering these messages to break young Americans' loyalty to Bernie Sanders, Vox reports.

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno looked set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among candidates and the...

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno was set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. In a nail-biter vote with eight candidates, Moreno was close to the threshold needed to avoid a second round on April 2 and continue a decade-long...

  • QUITO, Feb 20- Leftist government candidate Lenin Moreno was within striking distance of winning the first round of Ecuador's presidential election on Monday, as the Andean country's electoral body counted ballots late into the night. A couple of hundred opposition supporters congregated in front of the electoral council headquarters in Quito to demand...

  • Marriott CEO: Cuba remains a place that people want to go see

    CNBC's Susan Li talks to Arne Sorenson, Marriott CEO, about earnings, growth and Cuba.

  • HAVANA, Feb 14- From buses and trucks to a $500 million golf resort, China is deepening its business footprint in Cuba, helping the fellow Communist-run state survive a crisis in oil-benefactor Venezuela and insulate against a possible rollback of U.S. detente. Cuban imports from China reached a record $1.9 billion in 2015, nearly 60 percent above the annual...

  • Taxi stand outside hotels in the historical center of Havana offer lots of options.

    Despite warnings from the Trump administration, fliers and airlines are making the most of the opening between the U.S. and Cuba.

  • MIAMI, Jan 27- Two Florida ports have canceled plans to sign cooperation pacts with Communist-ruled Cuba after state Governor Rick Scott threatened to cancel their funding if they did business with the "Cuban dictatorship." The news comes as Cuba watchers are looking closely for signs of how the United States' fragile detente with Cuba will fare under President...

  • President Donald Trump has threatened to scrap the move to normalize relations between Washington and Havana, one of former President Barack Obama's signature foreign policy initiatives, if he doesn't get a better deal. "We're hopeful that when the Trump Administration conducts a thorough review of U.S.- Cuba policy, they will see how enhanced cooperation...

  • End of exemption for Cubans

    Evelio Medina, Miami Brickell Chamber of Commerce president, Deplorables Inaugural Ball chairman, discusses the Obama administration's plans to end "wet foot, dry foot" policy, U.S.-Cuba relations and the Deplorables Inaugural Ball.

  • U.S. President Barack Obama gives his farewell speech at McCormick Place on January 10, 2017 in Chicago, Illinois.

    CNBC's Michelle Caruso-Cabrera reports on President Obama's announcement to reverse a longstanding policy that allows any Cuban that reaches U.S. soil to stay.

  • President Barack Obama and Cuba's President Raul Castro shake hands during their first meeting on the second day of Obama's visit to Cuba, in Havana March 21, 2016.

    The Obama administration is ending the "wet foot, dry foot" policy that granted residency to Cubans who arrived in the United States without visas.