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  • UPDATE 1-U.S. takes first steps to ease Cuba embargo Thursday, 15 Jan 2015 | 9:34 AM ET

    WASHINGTON, Jan 15- The United States rolled out a sweeping set of measures on Thursday to ease the half-century-old embargo against Cuba, opening up the country to expanded travel, trade and financial activities. The Treasury and Commerce Departments issued a package of new rules that will allow U.S. exports of telecommunications, agricultural and...

  • Moving swiftly, US eases travel and trade rules on Cuba Thursday, 15 Jan 2015 | 9:15 AM ET

    WASHINGTON— Swiftly expanding trade ties with Cuba, the Obama administration opened the door to easier travel and a wide range of new export opportunities with the communist island starting Friday, punching the biggest hole to date in America's half-century-old embargo. Less than a month after the Cold War foes agreed to end their enmity, the Commerce and...

  • WASHINGTON— The head of the U.S. Chamber of Commerce said Wednesday that U.S. efforts to restore diplomatic ties with Cuba and ease curbs on trade presents American companies with "extraordinary opportunities" to boost business by selling everything from cars to computers. Chamber president and chief executive Thomas Donohue said President Barack Obama's...

  • 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.

  • 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...

  • 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...

  • Cuba debt, often inert, moves on political winds Friday, 19 Dec 2014 | 2:14 PM ET

    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...

  • US companies clamor to do business in Cuba Friday, 19 Dec 2014 | 8:43 AM ET

    Some U.S. companies took immediate steps to enter the Cuban marketplace after Obama's move to end the trade embargo. The NYT reports.

  • HAVANA, Dec 18- From bus drivers to bartenders and ballet dancers, many Cubans are already imagining a more prosperous future after the United States said it will put an end to 50 years of conflict with the communist-run island. Old Havana is a center of Cuba's tourism industry and boasts fine colonial buildings, some exquisitely restored but others in disrepair.

  • UPDATE 2-Obama has power to further weaken Cuba sanctions Wednesday, 17 Dec 2014 | 8:15 PM ET

    With Republicans due to take control of both the U.S. House of Representatives and the Senate in January, the chance of lawmakers scrapping all sanctions on Cuba soon is almost zero. The sanctions on Cuba are tighter than those against other U.S. adversaries such as Iran and Russia although America sends food and medicine to Cuba. A president can loosen trade bans...

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank,...

  • Dec 17- After twenty years, Thomas Herzfeld's long bet on Cuba is paying off. The Miami Beach- based portfolio manager behind the $25.3 million Herzfeld Caribbean Basin fund, the only Cuba- focused fund in the United States, watched its shares soar more than 40 percent at one point on Wednesday after President Barack Obama's surprise move to thaw relations with the...

  • HAVANA/ WASHINGTON, Dec 17- President Barack Obama announced the United States would restore diplomatic relations it severed with Cuba more than 50 years ago, drawing resistance from lawmakers opposed to reconciling with the communist-run island. Obama said the moves were made possible by Havana's release of American Alan Gross, 65, who had been imprisoned...

  • WASHINGTON, Dec 17- The renewal of full diplomatic relations between the United States and Cuba could be the start of a long thaw in decades of animosity but the path is full of obstacles, not least the U.S. sanctions on the Communist-run island. Only Congress can overturn the law, and with Republicans due to take control of both the House of Representatives and the...

  • OTTAWA, Dec 17- Canada's decision to host secret talks between the United States and Cuba on normalizing relations allowed the two countries the discretion they needed, Prime Minister Stephen Harper said on Wednesday. In a brief statement, Harper congratulated the two on their successful dialogue and said Canada supported a future for Cuba that fully...

  • White House does not rule out Cuba visit by Obama Wednesday, 17 Dec 2014 | 2:29 PM ET

    President Barack Obama does not have concrete plans to visit Cuba after restoring diplomatic relations with Havana, but a White House spokesman said on Wednesday he would not rule out a presidential visit. "If there is an opportunity for the president to visit, I'm sure he wouldn't turn it down," White House spokesman Josh Earnest told reporters.

  • NEW YORK, Dec 17- A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company are the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba. While the Cuban economy is small, with gross domestic product of roughly $70 billion, according to the World Bank, comparable to...

  • Announcing the end of what he called a "rigid" policy of isolation of Cuba that had been ineffective, Obama said the United States would move toward normal ties and would open an embassy in Cuba. Castro spoke in Cuba as Obama made his announcement on a policy shift made possible by the release of American Alan Gross, 65, who had been imprisoned in Cuba for five years.