NEW YORK— At his Fashion Week runway show in September, Oscar de la Renta sat in his usual spot: in a chair right inside the wings, where he could carefully inspect each model just as she was about to emerge in one of his sumptuous, impeccably constructed designs. De la Renta, who dressed first ladies, socialites and Hollywood stars for more than four decades, died Monday...
KINGSTON, Jamaica— Tropical Storm Gonzalo gained strength as it took aim at a swath of the Caribbean including Puerto Rico, threatening to dump heavy rains that could unleash mudslides and flash floods. As it approached the warm waters of the Caribbean, the storm's impending arrival prompted wary officials to post hurricane or tropical storm warnings and...
KINGSTON, Jamaica— Officials say a Jamaican airport was briefly evacuated because of a fire that delayed departing flights. The fire broke out Thursday in an electrical room at Sangster International Airport in the northern tourist city of Montego Bay. It is the airport most used by tourists who fly to the Caribbean island.
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. Tokmakjian's company, the privately held Concord, Ontario- based Tokmakjian Group, says prosecutors failed to...
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.
CUBAN COURT SENTENCES CANADIAN EXECUTIVE CY TOKMAKJIAN TO 15 YEARS IN BRIBERY CASE; TWO AIDES GIVEN 12 AND 8 YEARS EACH- COMPANY.
*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.
*Freeport expected to export 756,000 T copper concentrate. LONDON, July 28- Copper was steady on Monday as investors weighed increased supply from Indonesia against prospects for higher demand, while lead was near a 1-1/ 2 year high, tracking related metal zinc.