BUSINESS

Cuba ninth as tourist destination in the Americas Wednesday, February 17, 2010 (ACN): Cuba occupies position number nine as tourist destination in The Americas, underlined Miguel Alejandro Figueras, consultant with the island’s Tourism Ministry, on the occasion of the International Underwater Photography Contest. Figueras made reference to the development of tourism. read more... Cuba cash crunch eases as payments resume to Mexico exporters Tuesday, December 22, 2009 MEXICO CITY, Mexico (Bloomberg) -- Cuba resumed payments to Mexican exporters after holding back on foreign currency transfers for months, signaling that a cash crunch in the communist island’s $49 billion economy may be easing. The resumption of payments may mean that a liquidity crisis has touched bottom. read more... Investors sticking it out in crisis-prone Cuba Friday, December 18, 2009 HAVANA, Cuba (Reuters) -- The number of joint ventures and other investment projects in Cuba remained stable this year despite a liquidity and payments crisis, according to testimony before a parliamentary commission published on Thursday. Foreign Trade Minister Rodrigo Malmierca reported there were... read more... US travel industry gearing up for return to Cuba Thursday, December 17, 2009 WASHINGTON, USA (Reuters) -- It's too soon for Americans to plan a Cuban vacation of beach, mambo and mojitos, but the US travel industry is gearing up for a return to its largest Caribbean destination before Fidel Castro's 1959 revolution. Cuba was a favourite playground for Americans in the 1950s. read more... Cuba and Singapore examine possibilities for trade Thursday, December 3, 2009 HAVANA, Cuba (ACN) -- The possibility of implementing a solid commercial exchange between Cuba and Singapore was demonstrated on Tuesday in Havana, at the end of a business forum held between entrepreneurs from the two nations. On the occasion of the visit to Havana of Singapore’s Prime Minister... read more... Cuba slashes projections for 2009 imports, exports Wednesday, July 22, 2009 (Reuters) -- Cuba is cutting estimates of imports by billions of dollars this year and projecting a decline in export revenues due to the international financial crisis, according to a government report shown to Reuters this week. The report says imports will plummet 22.2 percent. read more... Brazil's Petrobras weighs Cuba oil prospects Friday, July 17, 2009 (Reuters) -- Brazil's state-owned oil company Petrobras has completed seismic work in its leased Cuban offshore bloc and is studying whether to drill a well, the head of its Cuban operations said on Wednesday. The company has until next May to make the decision, Joao Figueira said. read more... Brazil to help finance port project Saturday, July 11, 2009 (Reuters) -- Brazil said on Thursday it would give Cuba up to $300 million in credits to start rebuilding the island's port of Mariel, better known as the site of a 1980 Cuban exodus to the United States. Brazilian Industry and Trade Minister Miguel Jorge said $110 million had been approved. read more... Cuba, in liquidity crunch, rolls over euro bonds Wednesday, June 10, 2009 (Reuters) -- Cuba has rolled over 200 million euros in bond issues that were due in May, as the country's central bank asked for another year to repay foreign holders of the debt, financial sources in London and Havana said this week. The move is yet another sign the nation is suffering a cash crisis. read more... Miami sees boon, some threats, if Cuba embargo ends Tuesday, June 2, 2009 MIAMI, USA (Reuters) -- Miami's business will gain if the United States unilaterally lifts its trade embargo on Cuba, but the city could face "unfair" competition from state-subsidized Cuban cigar, citrus and rum exports, its main trade body said. This is one finding of a new report from the Greater Miami Chamber of Commerce. read more... Canadian mining company set to benefit from closer US-Cuba ties Thursday, April 16, 2009 TORONTO, Canada (Reuters) -- Sherritt International's prospects, darkened by a year-long swoon in commodities prices, could brighten considerably if the US government lifts long-standing restrictions on doing business in Cuba. Besides looking to attract investors, Sherritt will likely look to the US for technology. read more... Exploration company plunges on oil fears Wednesday, January 28, 2009 TORONTO, Canada (Reuters): Sherritt International shares plunged to a two-day loss of 25 percent on Tuesday, as investors fretted that its oil concessions in Cuba could be revoked and the company's chief executive took a leave of absence. Sherritt said that CEO Jowdat Waheed had taken a leave. read more... Cuba and China test joint textile production Thursday, December 11, 2008 (ACN): The Clothing Company of eastern Las Tunas province, 670 kilometers east of Havana, is finishing off 36,000 children's outfits half assembled in China. This joint production is part of a test contract signed by both nations, and the outfits are made up of shorts and shirt for boys and girls. read more... Caribbean exports rise in spite of global crisis Tuesday, October 28, 2008 The repercussions of the global financial crisis are taking its toll throughout the world, and Latin America and the Caribbean are no exception. However, in spite of the unfavourable prospects, exports from the region will continue to increase during 2008 at an estimated 23%. read more...