U.S. and Cuba failed to reach a deal on re-establishing diplomatic relations and re-opening embassies in each country. CNBC's Michelle Caruso-Cabrera reports and Peter Quinter, attorney at Gray Robinson, offers his perspective.» Read More
HAVANA— The thaw in relations between the U.S. and Cuba has led to a stunning 36 percent increase in visits by Americans to the island, including thousands who are flying into Cuba from third countries like Mexico in order to sidestep U.S. restrictions on tourism. The dramatic rise was seen in the number of Americans with no family ties to Cuba who visited between...
Nathan Lump, Travel + Leisure editor, discusses tourism potential in Cuba, and summer travel deals abroad.
MIAMI, May 20- Stonegate, a small Florida bank, has opened an account for the Cuban government, according to a source familiar with the state's banking industry, removing an obstacle in the way of Washington and Havana restoring diplomatic ties after more than 50 years. President Barack Obama said he was seeking to improve diplomatic and commercial relations...
A small bank in Florida is the first to open a bank account for the Cuban government, CNBC confirms.
A small bank in Florida has opened up a bank account for the Cuban government, reports CNBC's Michelle Caruso-Cabrera.
WASHINGTON— Cuba has established a banking relationship in the U.S., clearing another major obstacle to the countries re-establishing diplomatic relations, a senior State Department official said Tuesday. The official refused to identify the bank, though news reports had suggested Cuba was negotiating with a Florida- based financial institution.
Pernod is ready to bring its Cuban rum to the U.S.
WASHINGTON— The House passed a nearly $612 billion defense policy bill Friday despite President Barack Obama's veto threat and Democratic worries that the measure opens the door to sharp cuts in domestic spending later this year. Adam Smith of Washington state, the ranking Democrat on the House Armed Services Committee, urged his colleagues to vote against...
HAVANA/ PARIS, May 12- French oil company Total on Tuesday denied it had signed an offshore exploration deal with Cuba during President Francois Hollande's visit there. "Total categorically denies it has signed an offshore exploration agreement with Cuba," a spokesman said. A source with knowledge of the matter said Total's marketing and services branch, which...
Brian Chesky, CEO & co-founder of Airbnb, discusses fostering the entrepreneurial spirit, and the road to 1.2 million homes on its websites. Airbnb found the company brought $1.15 billion to New York City in 2014.
The White House is approving ferry services for travel between the U.S. and Cuba. Joe Hinson, Baja Ferries USA, discusses the company's opportunity.
HAVANA, May 6- Cuba unveiled new data on Wednesday it said confirmed there were billions of barrels of oil beneath its Gulf of Mexico waters but admitted there was little interest in new exploration even with the thaw in U.S. relations. The United States and Cuba have vowed to restore diplomatic relations after more than 50 years of animosity, but the...
"The Chinese government hopes to develop itself on par with (the United States), Europe and Russia as an international leader," says one expert.
Jetblue is starting new weekly service from New York to Cuba.
Online lodging broker Airbnb has figured out how to do business in Cuba, despite its extremely low Internet penetration.
From the eMerge Americas Conference in Miami, CNBC's Michelle Caruso-Cabrera and the FM traders look for investment opportunities in Cuba.
With the diplomatic thaw between Cuba and the US, a more open Cuba could create a stock market that rewards investors.
HAVANA- NEW YORK'S INFOR SAYS REACHES DEAL TO RESELL SOFTWARE IN CUBA.
American companies have been eyeing the Cuban market since December but consultants are wary about how easy it will be to do business there.
HAVANA, April 20- New York Governor Andrew Cuomo met senior Cuban officials in Havana on Monday as the head of a high-powered business delegation looking to take advantage of President Barack Obama's easing of restrictions with the Communist-led island. Cuomo, a Democrat, is the first governor to visit Cuba since a December announcement by Obama and Cuban...