×

Latin America Caribbean

  • YABUCOA, Puerto Rico— The Army Corps of Engineers is ending its work to rebuild Puerto Rico's electric grid, despite residents' fears that the island's government won't be able to restore power on its own to more than 16,000 people who remain blacked out eight months after Hurricane Maria. The Corps took over power restoration efforts in Puerto Rico on Sept. 30...

  • HAVANA, May 11- New U.S. travel restrictions and a destructive hurricane season last year sucked some air from Cuba's tourism boom but foreign businesses from Spain's Melia Hotels to China's Jin Jiang are pursuing new investments in what remains a promising frontier. The downward trend continued in April, the sources said, the tail end of the November-to-May...

  • HAVANA, May 10- Cuba's new Mariel deepwater container terminal hopes to further its plan to become a regional shipping hub by completing dredging next year so it can receive mega-sized vessels, its general manager Charles Baker said on Thursday. The terminal in Mariel Bay, 45 kilometers west of Havana, is located in an industrial park where Cuba is seeking to...

  • SYDNEY Reserve Bank of Australia Deputy Governor Guy Debelle will give a speech at the CFO Forum 2018- 2310 GMT. WARSAW- National Bank of Poland holds Monetary Policy Council Meeting. SYDNEY- Reserve Bank of Australia will release the minutes of May monetary policy meeting 0130 GMT.

  • MANILA- Philippines Central Bank holds Monetary Policy Meeting. PRAGUE- Czech National Bank will release the minutes of its May 2018 Monetary Policy Meeting. SYDNEY Reserve Bank of Australia Deputy Governor Guy Debelle will give a speech at the CFO Forum 2018- 2310 GMT.

  • GEORGE TOWN, Cayman Islands _ Global Indemnity PLC on Tuesday reported first-quarter net income of $5.7 million. The George Town, Cayman Islands- based company said it had net income of 40 cents per share. Global Indemnity shares have dropped nearly 4 percent since the beginning of the year.

  • GEORGE TOWN, Cayman Islands _ Theravance Biopharma Inc. on Tuesday reported a loss of $65.1 million in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.29 per share. Three analysts surveyed by Zacks expected $5.7 million.

  • GEORGE TOWN, Cayman Islands _ Fabrinet on Monday reported fiscal third-quarter net income of $21.1 million. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 71 cents per share. For the current quarter ending in June, Fabrinet expects its per-share earnings to range from 73 cents to 77 cents.

  • Conoco moves to take over Venezuelan PDVSA's Caribbean assets

    ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA.

  • A woman walks past a mural with the corporate logo of the state oil company PDVSA in Caracas, Venezuela November 3, 2017.

    ConocoPhillips has moved to take Caribbean assets of Venezuela's state-run PDVSA.

  • HAVANA, April 30- French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired power plant on the island, according to diplomats and businessmen with knowledge of the talks. The two are leading a consortium that has been in negotiations with Communist-run Cuba since last year when they won a...

  • HAVANA, April 17- President Raul Castros efforts to modernize Cuba's Soviet-style centrally planned economy have borne mixed results, with some initiatives moving forward, others stalled and still others either scuttled or yet to begin. The effort can best be viewed as building on policy changes Cuba initiated after the fall of the Soviet Union, for example...

  • HAVANA, April 17- Most of Camilo Condis' family emigrated from Communist-run Cuba to the United States seeking a better life, but the 32- year-old decided to stay after Raul Castro became president a decade ago and promised change. Seeking to make socialism sustainable, Castro introduced some market reforms to the state-run economy and secured a historic...

  • HAVANA, April 17- Most of Camilo Condis' family emigrated from Communist-run Cuba to the United States seeking a better life, but the 32- year-old decided to stay after Raul Castro became president a decade ago and promised change. Seeking to make socialism sustainable, Castro introduced some market reforms to the state-run economy and secured a historic...

  • HAVANA, April 17- President Raul Castros efforts to modernize Cuba's Soviet-style centrally planned economy have borne mixed results, with some initiatives moving forward, others stalled and still others either scuttled or yet to begin. The effort can best be viewed as building on policy changes Cuba initiated after the fall of the Soviet Union, for example...

  • VALENCIA, Venezuela, April 9- Venezuela on Monday reopened air and sea links to the islands of Aruba, Bonaire and Curacao, three months after cutting them off in an attempt to curb smuggling. The move is a welcome relief to those in Venezuela who can afford to fly out, after Copa, one of the last major airlines still operating in the OPEC nation, was forced by authorities...

  • MELBOURNE, April 3- London copper climbed to the highest level in more than a week on Tuesday, supported by stronger-than-expected manufacturing growth in top metals user China. Investor worries over a tit-for-tat trade spat between the United States and China were likely to fade out, INTL FCStone said in a monthly report. *London Metal Exchange copper jumped...

  • HAVANA, March 30- Cuba on Thursday granted Vietnamese developer and building supplies corporation Viglacera a concession to administer and market part of a Chinese-style industrial park just west of Havana. Cuba says it is currently spending about $300 million per year to develop the area, which has so far signed up 34 clients. Cuba hopes the zone and others it...

  • HAVANA, March 27- Cuba's Communist Party admitted a slowdown and errors in its implementation of Raul Castro's market-style reforms, just weeks before he steps down from the presidency, but vowed to continue updating the Soviet-style command economy. Reforms were implemented swiftly in the first three years since being agreed in 2011, the head of the party's...

  • HAVANA, March 22- Cuba's first wholesale outlet to supply former state-run eateries that are now cooperatives opened for business this week in Havana, a slap in the face to private start-ups that face higher costs. Interior Trade Minister Mary Blanca Ortega Barredo told state-run media at the weekend that the wholesale model would eventually go nationwide...