Business News Cuba

  • HAVANA, Aug 15- Communist-run Cuba has imposed price controls on goods and services ranging from lemons and pork to haircuts and taxi fares in what it says is an effort to tame inflation as it increases state wages and pensions. On Thursday, prices in Havana were set for some basic foods such as beans, pork, lemons, bananas, onions and cabbage. Cuba has controlled...

  • HAVANA, Aug 12- A European subsidiary of British beverage giant Diageo Plc signed a joint venture deal with state-run Cuba Ron SA on Monday to market Santiago de Cuba Rum, in defiance of U.S. efforts to dissuade investment in the Communist-run country. The agreement comes at a time when the United States is ramping up sanctions on Cuba and trying to thwart foreign...

  • RIO DE JANEIRO, Aug 12- Right-wing Brazilian President Jair Bolsonaro warned on Monday that his country could see a wave of migrants fleeing Argentina if a presidential election there returns leftist politicians to power, after their strong showing in a Sunday primary vote. Bolsonaro has cast himself as foe to the left-wing leaders around Latin America and...

  • HAVANA, Aug 2- Cash-strapped Cuba on Friday for the first time published details of its foreign exchange earnings from services such as telecommunications, hotels, health and education assistance, in an apparent concession to creditors. A number of western diplomats involved in debt and trade talks with Cuba in recent months have expressed frustration that...

  • HAVANA, July 30- Communist-run Cuba on Tuesday imposed sweeping price controls on all state and private businesses as it battles a deepening economic crisis and mounting U.S. sanctions. Resolution 302 of the Finances and Prices Ministry lists all actors in what is called the non-state sector, saying that they "cannot increase current prices and tariffs of...

  • GUAYAQUIL, Ecuador, July 17- Loans to Venezuela from President Nicolas Maduro's allies Russia and China would be renegotiated though the Paris Club if Maduro leaves power, an advisor to the opposition said on Wednesday, responding to concerns about favorable treatment for the two countries. Ricardo Hausmann, who represents opposition leader Juan Guaido at...

  • WASHINGTON, July 12- The U.S. House of Representatives approved a $733 billion defense policy bill on Friday, defying President Donald Trump's veto threat by including provisions like a clampdown on funding for his planned wall on the border with Mexico. Republican voting against the bill sets the stage for a stiff fight over its provisions later this year that...

  • The Republican-led Senate last month passed its version of the measure, authorizing $750 billion for the Pentagon. The administration objected as well to provisions in the House bill seeking to stop Trump from spending billions of dollars to build a wall on the U.S. border with Mexico, after he declared a national emergency in order to go ahead with...

  • MEXICO CITY/ CARACAS, July 8- With U.S. sanctions blocking Venezuela from selling oil to the United States, state-owned energy firm PDVSA has turned to several little-known buyers that include a tiny Turkish company with no refineries but ties to President Nicolas Maduro's government, according to internal documents and a PDVSA source. Neither PDVSA nor...

  • HAVANA, July 2- Cuba's Communist government said on Tuesday it was studying the potential use of cryptocurrency as part of a series of measures to boost its economy amid a deepening crisis exacerbated by U.S. sanctions. Cuba's top ally Venezuela introduced a cryptocurrency last year aiming to avoid U.S. sanctions and weather hyperinflation, although it never...

  • July 2- Venezuela's oil exports recovered in June from a sharp drop the month before, helped by increased deliveries to China, which is now state-run oil firm PDVSA's primary destination for its crude, according to company records and Refinitiv Eikon data. Chinese buyers took 59% of the shipments, followed by India with 18% and Singapore with 10%, the documents...

  • The Cuban missile crisis erupted in 1962 when the Soviet Union responded to a U.S. missile deployment in Turkey by sending ballistic missiles to Cuba, sparking a standoff that brought the world to the brink of nuclear war. Eventually, the Soviet Union agreed to remove its missiles from Cuba; in return, the United States promised not to invade Cuba and, secretly, said...

  • MOSCOW, June 24- Washington's deployment of land-based missile systems near Russia's borders could lead to a standoff comparable to the Cuban missile crisis, Russian Deputy Foreign Minister Sergei Ryabkov was quoted as saying on Monday. Russia has been fiercely critical of U.S. plans to deploy missile systems in eastern Europe, and of Washington's...

  • *Stocks pare gains on Trump's Iran comment. June 20- The S&P 500 index touched a record high on Thursday, driven Wall Street's expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.- China trade war from stalling economic growth. Wall Street's main indexes have gained in recent weeks on expectations of a rate cut and...

  • *Stocks pare gains on Trump's Iran comment. June 20- A rally on Wall Street lost strength on Thursday after the S&P 500 index touched a record high, powered by the Federal Reserve's signals that it could cut interest rates as early as July to combat growing risks to global and domestic growth. Wall Street's main indexes have gained in recent weeks on expectations of...

  • *FTSE 100 up 0.3%, FTSE 250 up 0.7%. June 20- London's FTSE 100 rebounded on growing hopes of more central bank stimulus after the Bank of England cut its growth forecast and the U.S. It was led higher by a 22% surge in car auction firm BCA Marketplace after it received a nearly 2 billion pound takeover bid from private equity firm TDR Capital.

  • June 20- Carnival Corp cut its full-year profit forecast on Thursday, anticipating a hit from the Trump administration's sudden ban on cruises to Cuba and weakening demand in Europe, sending its shares down nearly 13% to a six-month low. "Cuba has gone for the foreseeable future and not in the plans for next year," Chief Executive Officer Arnold Donald said on...

  • June 20- The S&P 500 index touched an all-time high on Thursday, after the Federal Reserve indicated that it could cut interest rates as early as July to combat growing risks to global and domestic growth. Wall Street's main indexes have gained in recent weeks on expectations of a rate cut and hopes of a revival of trade talks between the United States and China at...

  • Wall Street's main indexes have gained in recent weeks on expectations of a rate cut and hopes of a revival of trade talks between the United States and China. "Chairman Jerome Powell's comments that' the case for additional accommodation has strengthened' was exactly what market participants wanted to hear," said Robert Johnson, chief executive officer at...

  • June 20- The S&P 500 index was set to open at a record high on Thursday, after the Federal Reserve reassured investors that it was ready to cut interest rates as soon as next month to counter growing risks to global and domestic growth. "Chairman Jerome Powell's comments that' the case for additional accommodation has strengthened' was exactly what market...