Business News Cuba

  • Tropical Storm Laura passes over Cuba on Aug. 24th, 2020.

    Hurricane Laura is barreling toward the U.S. Gulf Coast, and leaders urged residents to prepare before landfall in Texas or Louisiana over the next 48 hours. Anticipating deadly winds, rains and storm surges, residents are filling sand bags and boarding up buildings.

  • Marriott Hotels launched its Homes & Villas alternative lodging service a few years ago. It has grown to 10,000 listings and has become popular with Marriott Bonvoy rewards members, but remains only a minor bright spot in the Covid-19 crash.

    A Marriott spokeswoman said the U.S. Treasury Department had ordered the company to wind down its operation of the Four Points Sheraton in Havana by Aug.31.

  • General view of Jose Marti International airport in Havana, on April 30, 2019.

    Last week, the Trump administration announced that flights to all airports except Havana will come to an end Dec. 9. "This is going to be torture," said a Cuban who lives more than 500 miles from the capital and worries about his U.S. relatives' ability to visit.

  • *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...

  • June 20- Carnival Corp cut its profit forecast for the year on Thursday, anticipating a hit from the Trump administration's sudden ban on cruises to Cuba and weakening demand in Europe over political uncertainty, sending its shares down over 7%. The Miami- based company said the ban on travel to Cuba would have a further 4 cent to 6 cent per share impact on its...

  • *FTSE 100 up 0.7%, FTSE 250 up 1%. June 20- London's FTSE 100 swiftly climbed to a session high as its international stocks got a lift from a hit to sterling after the Bank of England cut its economic growth forecast, adding on to earlier cheer that was brought on by the Fed's softer stance. The FTSE 100 index was up 0.7% with BP and Shell both up more than 1% after Middle...

  • BRASILIA, June 17- Brazilian President Jair Bolsonaro's government has named a 38- year-old banking executive as the head of development bank BNDES, replacing Joaquim Levy, who resigned on Sunday after Bolsonaro publicly criticized him. Levy, an internationally respected economist, was Brazil's finance minister during Rousseff's government and later was...

  • The Norwegian SKY cruise ship docked the last day in Havana on June 4, 2019. Cruise ships will no longer operate to Cuba. Trump administration banned cruises, private yachts and fishing vessels from visiting Cuba,(Photo by Eliana Aponte/VIEWpress/Corbis via Getty Images)

    Norwegian Cruise Line said on Friday the Trump administration's sudden ban on cruises to Cuba would hit its 2019 profit.

  • 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 Wall Street Journal has reported that the Trump administration is set to add new restrictions and tighter rules for Cuban baseball players. CNBC's Eric Chemi reports.

  • U.S. Secretary of State Mike Pompeo holds a news conference to talk about the dire economic and political situation in Venezuela at the State Department headquarters March 11, 2019 in Washington, DC.

    Secretary of State Mike Pompeo on Monday blamed Russia and Cuba for causing Venezuela's political crisis by supporting President Nicolas Maduro.

  • Cuban Americans in Miami's Little Havana celebrate the death of longtime Cuban leader Fidel Castro on November 26, 2016.

    The Trump administration is preparing to allow lawsuits in U.S. courts for the first time against some foreign companies doing business in Communist-ruled Cuba using properties confiscated from Cuban-Americans and other U.S. citizens, according to people familiar with the matter.

  • In this Aug. 27, 2018 photo, Cuban bartender Barbara Betancourt Bernal pours a daiquiri at a bar in Havana, Cuba. Known to friends and family as Barbarita, the 46-year-old's career spans two decades. 

    In Cuba, female bartenders break convention to benefit from the growing tourism industry, grabbing job opportunities that have come in the last five years with the opening of new private businesses.