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Business Cuba

  • But Cuba's hotels and restaurants are packed, major U.S. airlines are adding flights and government stores are full of frozen American chicken and U.S.-made candy. So far, Cuba is weathering the storm as Venezuela's economy craters and protesters fill its streets to denounce Cuba's greatest socialist ally. A much-feared return to Cuba's post-Soviet "Special...

  • Military vehicles carry missiles with characters reading 'Pukkuksong' during a military parade marking the 105th birth anniversary of North Korea's founding father, Kim Il Sung, in Pyongyang, April 15, 2017.

    The pariah state has found surprising ways to finance its nuclear weapons program.

  • HAVANA, April 7- When they are not tending to international affairs, diplomats based in Havana can be found these days stewing in interminable queues at gas stations and concocting ways to increase the octane in fuel as Cuba's premium gasoline shortage takes its toll. But it is for the embassies that use modern cars whose engines could be damaged by the fuel at...

  • CIRO REDONDO, Cuba, March 31- Cuba, battling a chronic energy deficit, has all the sunshine, wind and sugar to fuel what should be a booming renewables sector- if only it could find the money. Turning Cuba's renewables potential into reality has become a state priority over the past year since crisis-stricken ally Venezuela slashed subsidized oil shipments to Cuba...

  • HAVANA, March 30- Cuba will stop selling premium grade gasoline except to tourists starting Saturday due to a fuel crunch affecting Venezuela, its oil-rich ally and key trading partner. Cuba has become increasingly reliant on Venezuela for refined oil products, even as the latter wrestles with shortages of those products at home. Cuba cannot easily replace...

  • 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.