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.
Ontario- based Tokmakjian Group said the charges against its president, Cy Tokmakjian, 74, were concocted as an excuse to seize the automotive firm's $100 million in assets in Cuba.
HAVANA— Cuba will punish state employees who created two colognes named for Ernesto "Che" Guevara and late Venezuelan President Hugo Chavez, the government announced Saturday, swiftly quashing plans to market the fragrances honoring the leftist icons.
HAVANA— Cuba's state-run tourism industry is increasingly doing business with the country's new class of private entrepreneurs, trying to improve quality of food and lodging while maintaining a grip on the sector's biggest sources of foreign exchange.
Prices at the pump head below $3 in much of US. The average in Springfield, Missouri, is already below $3, according to Tom Kloza, chief oil analyst at the Oil Price Information Service and GasBuddy.com. The gap is 20 cents or more in seven states, including California, Kansas, South Dakota and Connecticut, according to AAA.
Formulated by a French company and produced in Cuba, the men's colognes are being presented this week at a Labiofam convention in Havana. But Labiofam is developing more attractive bottles and labels with hopes of putting the colognes on sale in Cuba and internationally, Gonzalez said.
KINGSTON, Jamaica— Sun-splashed, wind-swept Jamaica positioned itself Thursday to nearly double the amount of electricity it generates from renewable sources.
*Takeover of SABMiller seen costing nearly $122 bln. LONDON/ BRUSSELS, Sept 15- SABMiller's rejected bid for smaller brewer Heineken has revived talk about deals that could reshape the global beer industry in coming months. "We believe SABMiller could now be considered to be' in play' and view AB InBev as a potential acquirer," said Numis analyst Wyn Ellis.
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.
*Newmont withdraws international arbitration against Indonesia. SYDNEY, Aug 27- The prospect of increased supply pushed London copper down on Wednesday from a three-week high hit in the previous session but growing confidence in U.S. economic growth kept a floor under prices.
*Newmont withdraws international arbitration against Indonesia. SYDNEY, Aug 27- London copper was steady on Wednesday after hitting a three-week high in the previous session on signs of growing strength in the U.S. economic recovery, although expectations of higher supply curbed gains.
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.
SYDNEY, Aug 21- London copper stayed around $7,000 a tonne mark on Thursday after a gauge on China's factory health showed growth slowed in August, denting optimism over demand fuelled by brightening prospects in the United States.
*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.
HONG KONG, Aug 8- Canadian private equity firm Altas Partners LP and pan Asia firm Baring Private Equity Asia have acquired a substantial stake in St George's University in Grenada, the university said on Friday.
JAKARTA, Aug 7- Freeport-McMoRan Inc's Indonesia unit will complete on Thursday loading for its first copper concentrate export shipment since new mining rules were introduced in the Southeast Asian nation, the unit's CEO said.