The Treasury Department said energy drinks firm Red Bull settled a potential civil liability suit for alleged violations of US sanctions against Cuba.» Read More
HAVANA, Sept 2- Cuba's experiment with free-market reforms has unintentionally widened the communist-led island's racial divide and allowed white Cubans to regain some of the economic advantages built up over centuries.
HAVANA, Sept 1- Cuba has raised duties and restricted imports on consumer goods brought in by air travelers or sent by mail, imposing greater hardship for a fledgling private sector and angering people looking to counter chronic shortages. The duty is now $250 on a 32- inch screen, $400 for those between 32 and 42 inches and $500 on even bigger models.
LONDON, Aug 31- British newspapers reported the following business stories on Sunday. GlaxoSmithKline is facing a shareholder revolt over plans to shake up its board, with leading investors calling for the speedy departure of Chairman Christopher Gent.
HAVANA, Aug 21- Cuba has yet to attract new foreign investors despite launching two major initiatives in the past year, a sign of the lingering caution over doing business with the communist government and its own hesitancy to follow through on free-market-style reforms.
*Russia and China balk at deepwater oil exploration. HAVANA, Aug 11- Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.
HAVANA, July 23- Chinese President Xi Jinping ended an eight-day trip through Latin America on Wednesday with a visit to eastern Cuba, where both the island's independence struggle against Spain and Fidel Castro's revolution began.
PARIS, July 20- The head of one of the world's largest airlines has called for an international meeting of carriers to agree a response to the downing of a Malaysian airliner, including a potential rethink of the threats posed by regional conflicts.
Vladimir Putin swung through Latin America arranging energy deals—but that's not the only thing he hoped to achieve.
HAVANA, July 11- Russian President Vladimir Putin pledged to help revive Cuba's struggling offshore oil exploration on Friday at the start of a six-day tour of Latin America as Russia aims to reassert its influence on the communist-ruled island.
HAVANA, July 11- Russian President Vladimir Putin said on Friday he was hopeful Russian oil company Rosneft and Cuban state oil company Cupet could begin jointly exploring Cuba's potential offshore oil reserves "in the very near future."
HAVANA, July 7- Cuba has prosecuted and is likely to send Canadian businessman Cy Tokmakjian to prison after he denounced corruption in the Havana government's awarding of contracts, his company said on Monday. "Cy Tokmakjian spoke out against corruption as it was clear the company was losing contracts to others for unexplained reasons.
HAVANA, July 3- Cuba on Thursday criticized as illegal the record U.S. fine against French bank BNP Paribas, saying President Barack Obama's administration has now imposed more Cuba- related penalties than that of any previous U.S. president. BNP Paribas this week pleaded guilty to two criminal charges that it violated U.S. sanctions against Cuba, Sudan and Iran.
Prosecutors are also seeking a total of $91 million in fines or forfeitures from three Canadians and 14 Cubans in a case that has been closely watched by potential investors wary of how Cuba treats foreign executives.
Arriola, 67, said a weeklong trip to the island last year had opened his eyes to what he now believes is a failed U.S. policy of trying to isolate Cuba. Tired of waiting for the end of communism in Cuba, more and more Cuban-Americans have concluded that it is time for the United States to allow more engagement with the island they left behind, polls show.
*U.S. can "go after" freed Taliban if they pose threat. WARSAW, June 3- President Barack Obama on Tuesday defended the deal to get U.S. Army Sergeant Bowe Bergdahl out of Taliban captivity, saying questions about the circumstances of the soldier's capture did not negate the need to bring him home.
WARSAW, June 3- President Barack Obama on Tuesday defended the deal to get U.S. Army Sergeant Bowe Bergdahl out of Taliban captivity, saying questions that have emerged about the circumstances of the soldier's capture did not negate the need to bring him home.
WASHINGTON, June 3- President Barack Obama on Tuesday his administration's operation to rescue Army Sergeant Bowe Bergdahl from Taliban captivity, saying the United States was committed to freeing its prisoners of war regardless of how they were captured.
HAVANA, May 27- The head of the U.S. Chamber of Commerce praised the growth of free enterprise in Cuba upon his arrival in Havana Tuesday at the start of a three-day visit that was criticized by a leading supporter of the U.S. embargo in Washington.
WASHINGTON, May 22- Lawmakers in Congress headed toward a showdown over Pentagon spending on Thursday after the House and Senate advanced competing versions of the annual defense policy bill that differ on everything from spending priorities to closing Guantanamo.
WASHINGTON, May 21- The House of Representative on Wednesday edged toward passage of an annual defense policy bill that rejects Pentagon plans to retire older weapons systems and slow the rise in military pay as it implements long-term spending cuts ordered by Congress.