MasterCard said it would remove a block on transactions made in Cuba using its cards issued in the United States, effective March 1.» Read More
Cigar Aficionado magazine recently highlighted Miami's cigar industry describing the city as a "a new hot spot for creative cigarmakers."
Artists struggle to make a living in most parts of the world. But in Cuba they are part of the wealthy elite, thanks to an odd exception to the U.S. embargo.
Though Cuba is allowing a small private sector to operate, Ted Henken of Baruch College discusses whether the nation is really open to change.
Spend five minutes in Cuba, and it is obvious the country needs investment, but a large chunk of money will have to come from overseas—if the Cuban government allows it.
CNBC's Michelle Caruso-Cabrera is one of the few business journalists that has been invited to Cuba for the first time in decades. Caruso-Cabrera discusses her experience at Cuba's central bank at a press conference with the Vice President there.
Dozens of journalists camped out at Havana's Jose Marti International Airport to find out if NSA whistle-blower Snowden was a passenger on Aeroflot Flight 150.
CNBC's Michelle Caruso-Cabrera is one of the few business journalists who has been asked to visit Cuba. Why would the socialist government extend the invitation? She has the latest from Havana.
The growing nest of small businesses in Cuba is a sign of something much bigger: a society less dependent on the state.
Cubans involved in certain trades are now permitted to form a business, run it without the intervention of the state, and most importantly, to keep the profits for themselves.
The Cuban government apparently is making changes to the economy and wants the whole world to see, reports CNBC's Michelle Caruso-Cabrera.
Fistfights broke out in Venezuela's parliament on Tuesday during an angry session linked to the South American nation's bitter election dispute.
At least two dozen heads of state were due to attend Hugo Chavez's funeral on Friday during an outpouring of grief for the charismatic but divisive Venezuelan leader who changed the face of politics in South America.
Cuba has eased travel rules, and General Motors is unveiling its 2014 Chevrolet Corvette Stingray, with CNBC's Michelle Caruso-Cabrera and Stephan Paternot, Slated co-founder & chairman.
Hillary Clinton will testify on the Benghazi attack on Jan. 23, and Lance Armstrong has just admitted to taking performance enhancing drugs, with CNBC's Larry Kudlow; and CNBC's Michelle Caruso-Cabrera reports Cuba has eased its travel rules, allowing Cubans to keep residency amid travel.
Venezuelan President Hugo Chavez stayed on his sickbed in Cuba on Thursday while supporters rallied on the day he should have been sworn in for a new six-year term.
Most Cubans have not paid taxes for half a century, but that will change under a new code starting January 1.
*Scarabeo 9 drilling rig leaving Cuba for West Africa. Communist Party newspaper Granma reported that a well drilled off western Cuba by Venezuelan state oil company PDVSA had been plugged because it ``did not offer possibilities of commercial exploitation.''.
Oct 31- Canadian miner Sherritt International Corp posted a third-quarter loss on Wednesday as lower nickel prices and sales volumes, and lower exports of thermal coal weighed on revenue.
HAVANA, Oct 30- Cuban sugar farmers were scrambling this week to drain plantations in the eastern provinces of Granma, Santiago de Cuba and Holguin where Hurricane Sandy flattened and flooded sugar plantations late last week.
NEW YORK/ LONDON, Oct 29- Arabica coffee futures trading on ICE turned higher after hitting a four-month low on Monday, on concern about possible flooding in areas where stocks are stored on the U.S. East Coast and as the market approached a key support level.