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
China has increasing economic clout in Cuba, but better U.S. relations could change that——and more——for the island.
Tour operators hope a fledgling detente between Cuba and the United States, announced last month, will lure hundreds of thousands of U.S. tourists to enjoy the island's once forbidden fruits: its white beaches, colonial cities, fine cigars and rum, and the vintage American cars on its streets. They also know that Cuba has to improve its offering.
HAVANA, Dec 26- Luis Abel Bango spent seven years searching for his dream car, a 1957 Chevy Bel Air. Out in the provinces, central Cuba. Cuba and the United States agreed last week to restore diplomatic ties that were cut off after the revolution, when the tail fin was still a recent innovation in automotive design.
Discussing where the cruise industry is heading in 2015 and opportunities in Cuba, with Joel Simkins, Credit Suisse.
U.S. travel to Cuba may be more expensive than many might expect. The New York Posts reports.
HAVANA/ MIAMI, Dec 22- International rivals have a clear head start in Cuba but U.S. companies could catch up quickly if the economic embargo that has kept them away is dismantled in a new era of cooperation between Washington and Havana. "We've found it to be quite a stable and good place to do business and have had a lot of success there," said David Pathe, the chief...
CNBC's Michelle Caruso-Cabrera takes a close look at Cuba's economy and the changes that have taken place in the Republic since Fidel Castro stepped aside.
The Cuba rapprochement is a reminder that a Ukraine resolution is needed and that it's time to end the Cold War once and for all, says Jeffrey Sachs.
Caterpillar chief Doug Oberhelman tells CNBC he sees big opportunities in Cuba, and maybe in a few years Cuba could be like Puerto Rico.
CNBC's Michelle Caruso-Cabrera reports Cuba's relationship with Venezuela and Russia are in focus because of the decline in oil prices. Cuba gets more than half of its oil from Venezuela every day.
Caterpillar CEO Doug Oberhelman tells CNBC he sees big opportunities in Cuba.
CNBC's Michelle Caruso-Cabrera shares highlights of her experience visiting Cuba, and how things are different there versus 15 years ago, including more transportation.
MIAMI, Dec 21- For a handful of Cuban-Americans, President Barack Obama's new Cuba policy wasn't much of a shocker. "There is a clear understanding in the White House that politically they are going to have to focus on and cultivate the younger generation of Cuban-Americans who are mobilized and out there supporting the president's decision," said Frank Mora, a...
President Obama announced on Wednesday he would restore diplomatic ties with Cuba and start dismantling economic sanctions, Americans have been filing into the cigar shop at the Hotel Nacional in Havana, where she hand-rolls cigars using techniques little changed since the 19th century. Cigars have been Cuba's signature product ever since Christopher...
"I am sympathetic to the concerns that they faced. Having said all that, yes, I think they made a mistake," Obama said of Sony's decision.
CNBC's Michelle Caruso-Cabrera reports from Cuba on the hurdles to running a business there. The "Closing Bell" crew discuss whether they'd invest in Cuba.
CNBC's John Harwood reflects on President Obama's comments at his final news conference of the year, in which he addressed the changes in Cuba policy.
NEW YORK, Dec 19- The historic breakthrough in U.S.- Cuba relations closes a Cold War chapter but leaves unresolved issues that investors need to pick through carefully, with Cuba's opaque economics and financial health poorly understood in world markets. Cuba has effectively been shut out of global financial markets for decades. said Thomas Herzfeld, a Miami...
President Obama discusses the new opportunity with Cuba.
President Obama is holding a news conference today, and will address a range of topics, including new Cuba policy. CNBC's Michelle Caruso-Cabrera provides a preview.