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Raul Castro

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  • BRASILIA, Dec 17- Latin American leaders who for years have pressured the United States to drop its economic embargo against Cuba praised President Barack Obama for moving on Wednesday to restore diplomatic relations with its communist-run Cold War foe. U.S. policy toward Cuba has soured its reputation across much of Latin America, especially in recent years...

  • 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...

  • 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.

  • Cooperman: Not interested in Cuba as an investment Wednesday, 17 Dec 2014 | 1:23 PM ET
    Leon Cooperman, Chairman and CEO of Omega Advisors

    Leon Cooperman offered insight into the market effects of the changes in U.S. economic policy with Cuba in an interview with CNBC.

  • 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...

  • Announcing the end of what he called a "rigid" policy of isolation of Cuba that had been ineffective, Obama said the United States planned to 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...

  • Obama-Castro: Has 'the fever' broken? Wednesday, 17 Dec 2014 | 12:27 PM ET
    Calle Ocho in Little Havana, Miami.

    Obama's move to normalize relations with Havana is raising the promise in South Florida that it will finally open up Cuba's economy.

  • Obama: We will end an outdated approach toward Cuba Wednesday, 17 Dec 2014 | 12:03 PM ET
    President Barack Obama speaks about the economy, Thursday, Oct. 2, 2014, at Northwestern University in Evanston, Ill.

    US President Barack Obama spoke Wednesday about overhauling the US relationship with Cuba, which has been strained for years.

  • HAVANA/ WASHINGTON, Dec 17- President Barack Obama was set to announce that the United States and Cuba are moving to normalize diplomatic relations more than 50 years after they were severed, the biggest U.S. policy shift in decades of hostile ties with the island. Previewing his announcement, U.S. officials said the United States and Cuba would move to open...

  • Inside Cuba: Photos from Havana Wednesday, 17 Dec 2014 | 10:31 AM ET

    The US government is opening up to Cuba. Here are pictures of life in Havana, and what changes the country has been undergoing.

  • President Barack Obama was set to announce a shift in policy toward Cuba on Wednesday and the Associated Press reported the changes would include the opening of an embassy in Cuba and the start of talks to normalize relations. The shift in policy, which could be one of the biggest changes in decades of animosity between communist-ruled Cuba and the United...

  • EU-Cuba talks delayed by dispute over cultural event Tuesday, 9 Dec 2014 | 10:00 AM ET

    BRUSSELS/ HAVANA, Dec 9- Cuba has delayed negotiations towards an accord with the European Union aimed at opening up the Communist-ruled island, citing a dispute over an EU cultural event in Washington, people close to the matter said on Tuesday. The third round of talks, due to take place on Jan. 8-9 in Havana, was scheduled to discuss human rights, always a sensitive...

  • HAVANA, Oct 24- Some of Cuba's best-known economists are openly questioning the very core of the Soviet-style command economy and saying market reforms under way are too modest to boost weak growth. Their influence on government policy-makers is difficult to gauge due to the secretive nature of the ruling Communist Party, but they clearly have been given...

  • 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...

  • The case has come under deep skepticism from Western diplomats who have considered the evidence weak and say it threatens to scare off foreign investors at a time when Cuba is actively seeking business partners from abroad.

  • Two aides received sentences of 12 and 8 years and Cuba seized about $100 million worth of the company's assets, the Ontario- based transportation firm said in a statement. The Tokmakjian Group, which did an estimated $80 million in business annually with Cuba, called the sentences "absurd" and the result of a "show trial."

  • 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.