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
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.
HAVANA, May 9- In a land where the potato is scarce, black marketeers peddle tubers in hushed tones, like drug dealers on a big city street corner. Despite market-oriented reforms enacted by President Raul Castro, the communist-run country still encounters chronic shortages.
HAVANA, April 13- Cuba's slow, cautious reforms to revive its state-run economy suddenly burst into life at businesses like Karabali, a Havana nightclub owned by a 21- member cooperative.
*France looking to expand business ties to Latin America. HAVANA, April 12- France's foreign minister met with Cuban President Raul Castro on Saturday during the first visit to the island by such a high-ranking French official in 31 years and a sign of the quickening pace of improving ties between the European Union and Havana.
HAVANA, April 12- France's foreign minister arrived in Cuba on Saturday for a brief but historic visit, the first by such a high-ranking French official in 31 years and a sign of the quickening pace of improving ties between the European Union and Havana.
KINGSTON, April 11- Cuba is protesting the decision by PriceSmart Inc, a major U.S.-based bulk-shopping warehouse, to suspend memberships of shoppers from the communist country at its Jamaica subsidiary, Cuban officials said on Friday.
Cuba's National Assembly passed a new foreign investment law designed to bring badly needed capital to the communist economy.
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.
CARACAS, March 21- While hemophilia sufferer Sergio Tovar lay in agony for five days at a hospital in Venezuela, his friends and family scoured hospitals and pharmacies looking for life-saving drugs. Eventually a cousin, Jenny Sequeda, helped find a substitute for the protein coagulant Tovar needs for his blood condition.
HAVANA, March 19- Cuba's National Assembly will meet on March 29 to debate and approve a new foreign investment law that the government hopes will lure overseas capital and increase growth, state-run media outlets reported on Wednesday.
PARIS, March 19- France's foreign minister said on Wednesday he would soon travel to Cuba, the first such visit in 30 years and a sign of the quickening pace of improving ties between the European Union and Havana.
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.