Business News Cuba

  • WASHINGTON, May 23- The U.S. Senate Armed Services Committee on Thursday unveiled a draft $750 billion defense policy bill that would authorize more Lockheed Martin F-35 jets for the United States and effectively end Turkey's partnership in the program if Ankara pursues a plan to buy a Russian missile defense system. In the coming weeks the U.S. House of...

  • CARACAS, May 22- The United States should help Venezuela keep control over U.S. refiner Citgo by preventing its seizure by creditors seeking to collect on unpaid Venezuelan debts, opposition leader Juan Guaido said in an interview with Reuters on Wednesday. Venezuela's opposition is pushing to remove President Nicolas Maduro amid a catastrophic economic...

  • OTTAWA, May 15- Canadian Foreign Minister Chrystia Freeland said she will visit Cuba on Thursday to discuss the political crisis in Venezuela and the United States' decision to allow lawsuits for property confiscated after the 1959 revolution. "I also look forward to discussing how we can work together to defend Canadians conducting legitimate trade and...

  • Jonathan Schoop, #6 of the Baltimore Orioles, slides into second base with a double as Alexei Ramirez, #10 of the San Diego Padres, misses the throw while umpire Bill Miller looks on during the fourth inning of a baseball game at Petco Park on June 28, 2016, in San Diego, California.

    Major League Baseball hired a Trump-allied lobbying firm "for guidance on finding a solution that ends the human trafficking of Cuban baseball players," according to a league spokesman.

  • Supporters of the opposition leader Juan Guaido, gather around La Carlota military air base to attend a protest in Caracas, Venezuela, 30 April 2019.

    A Venezuelan general called on the country's armed forces on Sunday to rise up against President Nicolas Maduro, who has relied on the backing of the military to hold on to power despite an economic collapse.

  • The Trump administration said last month it was tightening U.S. travel restrictions on Communist-run Cuba and allowing U.S. citizens to bring lawsuits against foreign companies profiting from property taken from them after Cuba's 1959 revolution. The European Union and Canada, whose companies are the top investors in Cuba, particularly in the tourism and...

  • May 4- Federal investigators on Saturday began searching for what caused a Boeing jetliner with 143 people on board to slide off a runway into a shallow river while landing at a Jacksonville, Florida, military base during a thunderstorm, injuring 22 people. The Boeing 737-800 chartered by the U.S. military was arriving from Naval Station Guantanamo Bay in Cuba...

  • HAVANA, May 3- Exxon Mobil Corp on Friday sued Cuba's state-owned Cuba-Petroleo and CIMEX Corp in U.S. federal court seeking $280 million over a refinery, gasoline stations and other assets seized after Fidel Castros revolution. Exxon, the largest U.S. oil producer, is the first corporation to sue Cuba since the Trump administration allowed a long dormant...

  • OTTAWA, May 3- Canada vowed on Friday to defend its businesses operating in Cuba after U.S. "The Government of Canada will always defend Canadians and Canadian businesses conducting legitimate trade and investment with Cuba, and is reviewing all options in response to the U.S. decision," a foreign ministry statement said. "Canada will also continue to work with our...

  • The largest U.S. oil producer is the first corporation to sue Cuba since the Trump administration allowed a long dormant section of the 1996 Cuban Liberty and Democratic Solidarity Act, known as the Helms-Burton Act after its sponsors, to take effect on May 2. The Trump administration has been ratcheting up pressure on Venezuela and Cuba. CIMEX operates...

  • May 2- Venezuela's state-run PDVSA exported 1.06 million barrels per day of crude and refined products last month, an eight percent increase from March as the sanctioned company managed to boost shipments to China, according to Refinitiv Eikon data. The U.S. government imposed the toughest sanctions yet on PDVSA in late January, causing an abrupt disruption in...

  • HAVANA, May 2- Carnival Corp on Thursday became the first company sued for profiting from expropriated Cuban property as the Trump administration piles new sanctions on the Communist-run nation for supporting Venezuela's embattled government. The administration last month announced a long dormant section of the 1996 Helms-Burton Act would take effect...

  • *Assange's lawyer: he feared extradition to United States. *United States has requested Assange's extradition. LONDON, May 1- WikiLeaks founder Julian Assange appeared in a London court on Wednesday to be sentenced for breaking bail to enter the Ecuadorean embassy seven years ago.

  • LONDON, April 18- Britain said it was concerned by new attempts by the United States to require foreign companies to abide by U.S. sanctions on Cuba that have been rejected by Britain and other European countries. "The extraterritorial application of... sanctions, which we consider to be illegal under international law, threaten to harm UK and EU companies doing...

  • PARIS, April 18- Drinks group Pernod Ricard is having regular and "courteous" talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters. The Trump administration is lifting a long-standing ban against U.S. citizens filing lawsuits against...

  • LAWSUITS AGAINST FOREIGN FIRMS DOING BUSINESS IN CUBA, THAT IT DID NOT OWN ASSETS THAT COULD BE SUBJECT TO POTENTIAL CLAIMS AFTER THEIR EXPROPRIATION IN THE 1960 S. *IF ANY CLAIM WERE MADE AGAINST ANY HOTEL, THE COMPANY'S ROLE WOULD BE THAT OF HOTEL MANAGERS, EQUIVALENT TO TRAVEL AGENTS, TOUR OPERATORS, AIRLINES, LINKED TO TOURIST BUSINESS IN CUBA.

  • SPAIN'S MELIA SAYS HAS NO ASSETS IN CUBA THAT COULD BE SUBJECT TO POTENTIAL CLAIMS AFTER THEIR EXPROPRIATION IN 1960 S.

  • MIAMI/ WASHINGTON, April 17- The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela's socialist president, Nicolas Maduro. President Donald Trump's decision, which the State Department said could unleash hundreds of...

  • HAVANA, April 17- The Trump administration announced on Wednesday it was allowing U.S. citizens to file lawsuits against both Cuban entities and foreign companies over property seized and used following Fidel Castro's 1959 revolution. The U.S. State Department has said Title III could produce up to 200,000 claims reaching a value in the tens of billions of...

  • MIAMI/ WASHINGTON, April 17- The Trump administration on Wednesday imposed new sanctions and other punitive measures on Cuba and Venezuela, seeking to ratchet up U.S. pressure on Havana to end its support for Venezuela's socialist president, Nicolas Maduro. President Donald Trump's decision, which the State Department said could unleash hundreds of...