Business News Cuba

  • HAVANA, Feb 10- Cuba failed to meet payments last year on its restructured debt to wealthy nations, putting a deal with the Paris Club of creditors in jeopardy, according to diplomats with direct knowledge of the issue. The agreement is extremely beneficial for Cuba and that they could not pay speaks volumes about how broke they are, said one diplomat with...

  • EXCLUSIVE- CUBA FAILED TO MEET PAYMENTS LAST YEAR ON RESTRUCTURED PARIS CLUB DEBT- SOURCES.

  • MADRID/ HAVANA, Feb 5- The Spanish hotel chain Melia said on Wednesday its chief executive officer had been banned from entering the United States over the company's operations in Cuba, marking an escalation of U.S. sanctions on the Communist-run island and firms doing business there. President Donald Trump said last year it would seek to fully enforce Title IV...

  • KINGSTON, Jan 28- A major earthquake struck south of Cuba on Tuesday, sending shockwaves as far as Miami and sparking panic in the Cayman Islands where it ripped open sinkholes, but did not do serious damage to people or property, initial reports said. The magnitude 7.7 quake hit in the sea between Jamaica, the Cayman Islands and Cuba, at a depth of 6.2 miles.

  • Jan 28- A powerful magnitude 7.7 earthquake struck in the sea in the western Caribbean on Tuesday, sending workers into the streets and triggering evacuations as buildings shook across the Cayman Islands, in Jamaica, and in downtown Miami. The epicenter of the quake was between Jamaica, the Cayman Islands and Cuba, at a shallow depth of 6.2 miles.

  • Jan 28- A powerful magnitude 7.7 earthquake struck in the sea south of Cuba on Tuesday, triggering warnings of "hazardous" tsunami waves up to a meter high for Cuba, Jamaica, and west to Mexico and Central America, but there were no initial reports of major damage. The epicenter of the quake was between Jamaica, the Cayman Islands and Cuba, at a shallow depth of 6.2 miles.

  • HAVANA, Jan 27- Chinese exports to Cuba fell to their lowest level in a decade last year at $791 million, according to data from the Chinese Customs Office, as the island nation remained mired in a liquidity crisis. China remains one of Cuba's top political allies and economic partners, with investments in alternative energy and development financing in light...

  • WASHINGTON, Jan 21- The United States on Tuesday blacklisted 15 aircraft belonging to Venezuelan state oil company Petróleos de Venezuela SA, or PDVSA, the latest in a series of actions targeting the socialist government of Venezuelan President Nicolas Maduro. Treasury said PDVSA aircraft have also been used to transport senior members of the Maduro...

  • WASHINGTON, Jan 15- The Trump administrations envoy on Venezuela said China appears to be scaling back economic support for President Nicolas Maduro, and Beijing acknowledged a diminishing role largely due to U.S. sanctions against the OPEC nation. As China's economic activities have declined, Maduro and his socialist government are becoming more reliant...

  • WASHINGTON, Jan 13- The United States on Monday imposed sanctions on seven Venezuelan politicians it said led a bid by President Nicolas Maduro to wrest control of the country's congress from U.S.-backed opposition leader Juan Guaido. Washington blacklisted Parra and six of his allies "who, at the bidding of Maduro, attempted to block the democratic process in...

  • WASHINGTON, Jan 13- The United States on Monday imposed sanctions on seven Venezuelan government officials it said led a bid by President Nicolas Maduro to wrest control of the country's congress from U.S.-backed opposition leader Juan Guaido. Washington blacklisted Parra and six other current or former officials "who, at the bidding of Maduro, attempted to...

  • *Africa's richest woman faces becoming pariah at home. Dos Santos, named Africa's richest woman by Forbes with a fortune estimated at over $2 billion, is a highly divisive figure in Angola, where she is nicknamed "the Princess". In the latest step of what Angolan authorities say is one of Africa's most successful anti-corruption drives, dos Santos's assets were...

  • WASHINGTON/ HAVANA, Jan 10- The United States is curbing public charter flights to Cuba in a further effort to squeeze the Cuban government's income, the U.S. State Department said on Friday, prompting an outcry from officials in Havana. The Trump administration, in its latest effort to roll back warmer U.S-Cuba ties established by the Obama administration, said...

  • China emerged as the first destination for Venezuelan oil in 2019 as sanctions deprived PDVSA of its primary market, the United States. Venezuela sent an average of 319,507 bpd to China in cargoes covering direct routes as well as in vessels chartered by intermediaries that ended up reaching Chinese refiners after trans-shipping the oil off countries like...

  • CARACAS, Jan 5- Venezuela's socialist government installed a new head of Congress on Sunday after armed troops blocked opposition legislators from entering parliament, in a move condemned by dozens of nations as an assault on democracy. Troops with riot shields blocked opposition leader Juan Guaido from entering parliament for what was expected to be his...

  • CARACAS, Jan 5- Venezuela's socialist government installed a new head of congress on Sunday after armed troops blocked opposition legislators from entering parliament, in a move condemned by dozens of nations as an assault on democracy. The blockade allowed the ruling Socialist Party to hand the post to legislator Luis Parra, who was recently expelled by an...

  • WASHINGTON, Dec 13- Erik Prince, the controversial private security executive and prominent supporter of U.S. President Donald Trump, made a secret visit to Venezuela last month and met Vice President Delcy Rodriguez, one of socialist leader Nicolas Maduro's closest and most outspoken allies, according to five sources familiar with the matter.

  • BENGALURU, Dec 12- Indian rice export prices rebounded this week from three-year lows as exporters increased rates to compensate for a rising rupee, while low supply and an uptick in demand from Cuba, Iraq and Philippines pushed up Vietnamese rates. Top exporter India's 5% broken parboiled variety was quoted around $358- $363 per tonne this week, up from last...

  • BENGALURU, Dec 12- Indian rice export prices rebounded this week from three-year lows as exporters increased rates to compensate for a rising rupee, while low supply and an uptick in demand from Cuba, Iraq and Philippines pushed up Vietnamese rates. Top exporter India's 5% broken parboiled variety was quoted around $358- $363 per tonne this week, up from last...

  • President Donald Trump skipped the inauguration of new Argentine President Alberto Fernandez and work meetings planned for Wednesday, unhappy with the presence of officials from the government of Venezuela's Nicolas Maduro. Peronist leader Fernandez faces a diplomatic juggling act between the United States and leftist allies including Venezuela.