Recent rumors that former leader Fidel Castro may be dead or on life support are leading to speculation that Cuba's sovereign long-unpaid bonds may finally be worth something.
While other U.S. hedge fund managers want to own Cuban debt, no one has gone as far as Nathan Sandler, founder of a Los Angeles fund, in their attempts to achieve it.
HAVANA-- For the first time since the height of the Cold War more than half a century ago, Cuba is giving its people the freedom to leave the country without government permission, scrapping the detested exit visa that kept many from traveling outside the communist nation for even a few days. said Mercedes Delgado, a 73- year-old retiree. "
A notice published in Communist Party newspaper Granma said Cubans will also not have to present a letter of invitation to travel abroad when the rule change takes effect Jan. 13, and beginning on that date islanders will only have to show their passport and a visa from the country they are traveling to.
NEW YORK-- The Coca-Cola Co. should give investors a snapshot of the ever-shifting geographic and product mixes that are fueling growth for the world's biggest beverage maker when it reports its third quarter results Tuesday. WHY IT MATTERS: Coca-Cola sells its products in nearly every corner of the globe _ Cuba and North Korea are the exceptions.
CARACAS, Venezuela-- A mustachioed former bus driver who rose to become his country's top diplomat has emerged as the vice presidential pick of President Hugo Chavez as the Venezuelan leader prepares to launch a six-year term following two cancer operations.
HAVANA-- Cuba shuttered hundreds of medical facilities last year, including 54 hospitals, as the country reorganizes its health care sector. Cuba is proud of the universal, free health system installed after Fidel Castro's 1959 revolution, but his younger brother and successor Raul Castro has stressed that medical care must be more efficient and less wasteful.
KINGSTON, Jamaica-- The two houses of Jamaica's Parliament held a special joint sitting Tuesday to honor former Prime Minister Edward Seaga, a major player in national politics for decades and the only survivor of the leaders who drafted the constitution when the Caribbean island gained independence from Britain in 1962..
RIO DE JANEIRO-- The one-time right-hand-man of popular former Brazilian President Luiz Inacio Lula da Silva was found guilty on a corruption charge by a majority of 10 Supreme Court justices Tuesday, who ruled he orchestrated a widespread cash-for-votes scheme that came to light seven years ago.
BRUSSELS, Oct 10- The European Union said on Wednesday it had reduced the duties imposed on screws and bolts from China after the World Trade Organisation found flaws in the way they were initially calculated. China is a subject in 21 of the European Commission's 41 ongoing investigations into subsidies and dumping.
CARACAS, Venezuela-- President Hugo Chavez put to rest any doubts about his masterful political touch in winning a third consecutive six-year term after a bitterly fought race against a youthful rival who has galvanized Venezuela's opposition.
BERLIN-- German Chancellor Angela Merkel will travel to Greece next week for the first time since the debt crisis erupted to meet the country's prime minister _ who warned Friday that Athens will run out of money at the end of November if it doesn't receive the next part of its bailout loans.
She graced dinner parties and theaters from Paris to New York in ribbons, full skirts and loose peasant blouses embroidered with vividly colored flowers, and her uni-brow was a bold contrast to the pencil-line eyebrows of the time.
WASHINGTON-- A new book says President Barack Obama hoped to put Osama bin Laden on trial, showing the U.S. commitment to due process under law, if the al-Qaida leader had surrendered during a U.S. raid in Pakistan last year. A team of Navy SEALs raided bin Laden's compound in Abbottabad, Pakistan in May 2011 and killed bin Laden.
The pope's visit to Cuba is providing a rare opportunity to see first hand the economic state of one of the last bastions of socialism, and whether or not a few new market-oriented laws are the start of meaningful change.
CNBC's Michelle Caruso-Cabrera has the details on Cuba's economic reform that could mean millions in revenue for the U.S.
CNBC's Michelle Caruso-Cabrera has the details on the changes that allows Cubans to buy and sell homes and cars, and the 181 categories of jobs for those who want to be self-employed, as the Cuban government is working on "perfecting socialism."
Hundreds of millions of dollars worth of goods have been exported from the U.S. to Cuba for the past several years, and it's legal—despite the fact that an embargo is still in place.
Many luxury goods have existed for centuries and enjoyed widespread popularity despite official bans. What are some in-demand luxury goods that have been banned?
JPMorgan has agreed to pay $88.3 million to settle potential civil liability for apparent violations of a wide range of US sanctions, the Treasury department said.