Venezuela is on the brink, and the country's debtholders, trade partners and neighbors are bracing for the fallout.» Read More
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.
Vladimir Putin swung through Latin America arranging energy deals—but that's not the only thing he hoped to achieve.
The Treasury Department said energy drinks firm Red Bull settled a potential civil liability suit for alleged violations of US sanctions against Cuba.
The White House said it has attempted, and failed, to build a social media site in Cuba, but held that it was meant for discussion, not a coup.
The U.S. government masterminded the creation of a "Cuban Twitter" — a communications network designed to undermine the communist government in Cuba.
Cuba will open itself more to international investment and allow the existence of wholly owned foreign firms, but some experts doubt the benefits.
New Cuban law will allow foreign investors to 100 percent of a business there. Thomas Herzfeld of Thomas J. Herzfeld Advisors, provides guidelines for U.S. investors.
CNBC's Michelle Caruso-Cabrera outlines new Cuban law, including foreign investors can own 100 percent of a business there, and a promise of no expropriations.
Foreigners looking to invest in Cuba should keep in mind the country still lacks rule of law and protection of property rights, one attorney warns.
CNBC's Michelle Caruso-Cabrera takes a look at Cuba's new foreign investment law which will allow the existence of foreign-owned businesses.
CNBC's Michelle Caruso-Cabrera reports on the new Cuban investment law.
As Venezuela's economic woes deepen and violent clashes increase, Cuba's economy is walking on a tight rope.
About half a million Americans legally travel to Cuba every year, and tour professionals are hopeful that policies may change to allow more.
President Raul Castro issued a stern warning to entrepreneurs pushing the boundaries of Cuba's economic reform.
Gordon Mott, executive editor of Cigar Aficionado, showcases this year's top three cigars and explains why this is the "golden age" of cigars.
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
The first storm of the Atlantic hurricane season to threaten the United States formed Thursday and was on a path for the Gulf Coast.
Real estate agents on the island of Cuba have had to work in the shadows, fearing arrest. Until now.