Business News Cuba

  • WASHINGTON, Oct 18- The United States is imposing new sanctions on Cuba over its human rights record and its support for Venezuela's government, the U.S. Commerce Department said on Friday. In a separate statement, the U.S. State Department criticized Cuba for its detention of dissident Jose Daniel Ferrer, calling on Havana to disclose his whereabouts, treat him...

  • Unipec, the trading arm of China's Sinopec, Swiss trader Trafigura AG, oil firm Equinor ASA, Exxon Mobil Corp and others are shunning contracts or vessels that might put them in jeopardy of violating U.S. sanctions on Venezuela, according to sources and documents. The United States in early August ratcheted up sanctions on Venezuela, adding measures that could...

  • HAVANA, Oct 9- Tougher U.S. sanctions against Cuba have led international banks to avoid transactions involving the island, while prospective overseas investors put plans on hold and foreign firms operating in the country consider restructuring to lower their risk exposure. On top of the decades-old embargo, the Trump administration has sanctioned nearly...

  • HAVANA/ MEXICO CITY, Oct 4- A flotilla of shipments from Venezuela gave Cuba some respite this week from crippling fuel shortages in the wake of tougher U.S. sanctions, while Russia's prime minister pledged during a visit to the island on Friday to help develop its energy sector. In response to the shortages, Cuba swiftly deepened austerity measures it had...

  • LONDON/ HOUSTON, Oct 4- Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to four people familiar with the matter, putting new pressure on the U.S. sanctioned country and on global crude freight rates. Washington has imposed several rounds of sanctions on Venezuela this year to oust socialist...

  • HAVANA/ MOSCOW, Oct 3- Russian Prime Minister Dmitry Medvedev lambasted the Trump administration on Thursday for trying to create a "toxic atmosphere" around Cuba, during a two-day trip to the island demonstrating Russia's support for its Communist government. While Russia's support for Cuba is insignificant compared to the role the Soviet Union once played,...

  • Moscow has sought to renew its commercial, military and political ties with Cuba in recent years, as part of a broader strategy to expand its presence in Latin America as a counterweight to China and the United States. Russia's support for Cuba is insignificant compared to the role the Soviet Union once played, but analysts said it is still very welcome as the...

  • Sept 26- Quad/Graphics Inc, a Wisconsin marketing and printing services company, will pay $9.9 million to settle U.S. Securities and Exchange Commission charges it conducted bribery schemes in Peru and China and violated U.S. sanctions by dealing with a Cuban state-owned telecommunications company. The SEC said on Thursday that Quad/Graphics will pay a $2...

  • HAVANA, Sept 26- A Florida resident is suing Amazon for marketing charcoal produced on land he says Cuba confiscated from his grandfather after the 1959 revolution, the latest in a recent slew of lawsuits regarding the island piling up in U.S. courts. The lawsuit was filed in Florida on Thursday, the day after another was filed accusing American Airlines and the...

  • HAVANA, Sept 25- A Miami- based law firm filed a lawsuit on Wednesday on behalf of a Cuban-American who claims to be the rightful owner of Havana's international airport against American Airlines and the Latam Airlines Group for "trafficking" in the property he says the Cuban government stole. In the lawsuit filed on Wednesday, law firm Rivero Mestre argues that...

  • WASHINGTON, Sept 24- The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport. Despite tough U.S. measures against Venezuela's state-owned oil company PDVSA in January, Cuba's...

  • WASHINGTON, Sept 24- The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport. Despite tough U.S. measures against Venezuela's state-owned oil company PDVSA in January, Cuba's...

  • WASHINGTON, Sept 24- The U.S. Treasury Department said on Tuesday it was imposing sanctions on four maritime companies for transporting Venezuelan oil to Cuba in violation of a previous round of sanctions. Despite tough U.S. measures against Venezuela's state-owned oil company PDVSA in January, Cuba's state-run oil import and export company Cubametales and...

  • *UK plans to fly 135,300 people back, 16,500 people today. LONDON/ NEW YORK, Sept 24- Prime Minister Boris Johnson and unions questioned the part played by Thomas Cook's richly rewarded bosses in the company's demise on Tuesday, and asked why the state had to foot the bill for bringing tens of thousands of tourists home. It will need the help of governments and...

  • *British state decided not to bail out Thomas Cook. NEW YORK/ LONDON, Sept 24- After the collapse of Thomas Cook left tens of thousands of Britons reliant on the government to bring them home, Prime Minister Boris Johnson questioned whether the travel firm's bosses should have paid themselves so much ahead of its demise. Running hotels, resorts and airlines for 19...

  • HAVANA, Sept 20- Cuba is deploying oxen to replace tractors, using wood instead of gas at many state bakeries and advising citizens to save electricity by making the most of daylight as it grapples with an acute fuel shortage amid U.S. sanctions. A large steel factory in Havana has stopped operating altogether, a worker there told Reuters. Supervisors at two large...

  • *Venezuela's crude inventories at highest since January 2018. MEXICO CITY/ PUNTO FIJO, Venezuela, Sept 18- V enezuela's state-run oil company PDVSA has suspended some crude blending and cut back production as inventories have swelled and U.S. sanctions scare off buyers and shippers, according to internal documents, sources and data. Venezuela's crude storage...

  • HAVANA, Sept 13- Cubans queued for hours for public transport on Friday at peak times in Havana, sweating in the heavy heat, while queues at gas stations snaked several blocks long, as a fuel shortage that the government blames on U.S. sanctions began to bite. He warned Cubans on Wednesday on state television of difficult times ahead as U.S. attempts to block fuel...

  • HAVANA, Sept 13- Twitter Inc has restored some of the accounts of Cuban state-run media, journalists and government officials it had blocked on Wednesday, although others like that of Communist Party leader Raul Castro remain suspended. "Twitter has finally given us back our accounts," Mariela Castro, Raul Castro's daughter and director of Cuba's National...

  • Sept 3- Venezuela's oil exports fell in August to their lowest level in 2019, internal reports and Refinitiv Eikon data showed, hurt by a halt in purchases by the nation's second largest customer, China National Petroleum Corp, following tougher U.S. sanctions. Overall exports of crude and refined products by state-run oil company Petroleos de Venezuela and...