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HAVANA— Spain's foreign minister urged Cuba on Tuesday to accelerate economic reforms designed to expand private enterprise and attract foreign investment to the communist-run island. Foreign Minister Jose Manuel Garcia-Margallo's two-day visit to Cuba was the first by a minister in the Cabinet of Spanish Prime Minister Mariano Rajoy, whose...
CARACAS, Venezuela— Cloth diapers, baking soda to make deodorant and vinegar to mop the floor. That's not the shopping list of an eco-friendly hipster, it's how an increasing number of resourceful Venezuelans are making do in a time of severe shortages. Lilian Ribas, who makes a living selling loudly colored tank-tops and hot pants, burns a coil of chrysanthemum...
HAVANA, Oct 24- Some of Cuba's best-known economists are openly questioning the very core of the Soviet-style command economy and saying market reforms under way are too modest to boost weak growth. Their influence on government policy-makers is difficult to gauge due to the secretive nature of the ruling Communist Party, but they clearly have been given...
Opinion polls ahead of the presidential election show young center-rightist Luis Lacalle Pou forcing the governing coalition's Tabare Vazquez, a former president, into a runoff vote in late November. Vazquez, 74, brought the leftist Broad Front to power 10 years ago and won praise for his blend of pro-market economic policies and social welfare policies.
MONTEVIDEO, Oct 24- Uruguayans vote in the first round of a presidential election on Sunday with opposition challenger Luis Lacalle Pou almost certain to force leftist ruling coalition candidate Tabare Vazquez to a run-off. Opinion polls show Lacalle Pou of the centrist National Party winning about 31 percent of votes in the first round and the two men...
HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. Tokmakjian's company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to...
HAVANA, Oct 3- Dinners at fancy restaurants, week-long family vacations and a flat-screen TV: the bribes that Cuba accused Canadian businessman Cy Tokmakjian of giving Cuban officials were modest by corruption standards in many developing nations. His company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to prove any of...
OTTAWA, Sept 29- A little-known Canadian federal agency helped put in place a total of $418 million worth of Cuban deals for a firm headed by Cy Tokmakjian, the businessman jailed for corruption in Havana last week. The total value of CCC's Cuban contracts with the Tokmakjian Group between 1992 and 2011 was C $418 million, said corporation spokeswoman Lina Seto.
TORONTO/ HAVANA, Sept 29- Cuba offered to free jailed Canadian executive Cy Tokmakjian in return for $55 million and company assets, his company said on Monday, but the deal fell through because the firm didn't have the money and the businessman wanted to clear his name.
CUBAN COURT SENTENCES CANADIAN EXECUTIVE CY TOKMAKJIAN TO 15 YEARS IN BRIBERY CASE; TWO AIDES GIVEN 12 AND 8 YEARS EACH- COMPANY.
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."