Cuba

What Happened: The Cuban government is reportedly looking to recognize and regulate cryptocurrencies as a means of payment, according to a report from Bloomberg. The report citing the country's Official Gazette stated that the government, along with the Central Bank, wants to recognize...

The U.S. Department of Transportation has granted temporary approval to small cargo airlines in South Florida to fly emergency aid to Cuba, where large protests have erupted in recent days in response to a long-simmering economic crisis worsened by the COVID pandemic. The department said IBC...

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has Cuban state-run oil importer and exporter Cubametales in its regulatory sights. On Nov. 26, the agency added Corporacion Panamericana S.A. to the Specially Designated Nationals and Blocked Persons (SDN) List for being...

The Trump administration has further restricted the Cuban government's access to commercial aircraft and vessels and other U.S. exports.  The regulatory actions, announced by the Commerce Department's Bureau of Industry and Security (BIS) in an Oct. 21 Federal Register notice, are a response to...

The Trump administration is tightening restrictions on Cuba with new sanctions and a crackdown on tourism to the island disguised as family visits or other official business. What Happened President Donald Trump’s national security advisor John Bolton announced the move during a...

It has been about eight years since Cuba began a series of economic reforms aimed at modernizing and jumpstarting the communist economy. But while Cuba has taken some positive steps in recent years, the progress has been slow and there’s still a long way to go. American Relations The U.S....

President Donald Trump plans to ban U.S. businesses from dealing with Cuba’s military establishment, a sprawling enterprise with links to virtually every aspect of the country’s economy. The move immediately raised questions about whether the policy shift would benefit Trump’s own...

Fidel Castro's death could renew investor attention to the Herzfeld Caribbean Basin Fund, Inc (NASDAQ: CUBA), a closed-end investment fund with direct exposure to the Caribbean Basin country. In a research report dated Tuesday, Jon Hickman of Ladenburg Thalmann suggested Castro's death could mark...

The political ramifications of Trump's ascendancy to the president's office are far too many to fathom. One of the most likely policy changes Trump is expected to bring about is snapping off ties with Cuba, with which the United States resumed diplomatic relations only recently. Understanding The...

Fidel Castro, Cuba's revolutionary dictator, passed away November 25. Shares of Herzfeld Caribbean Basin Fund, Inc (NASDAQ: CUBA), a fund that seeks to invest in companies that benefit from economic development in Caribbean countries including Cuba, rose more than 10 percent in pre-market...

Shares of the Hertzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) are higher by more than 10 percent in pre-market trading Monday following news over the weekend of the death of Fidel Castro. Investors speculating that Castro's death could lead to a new era of prosperity in Cuba and a renewed...

JetBlue Airways Corporation (NASDAQ: JBLU) Flight 387 touched down in Cuba on Wednesday, the first scheduled commercial flight departing from the United States to do so since 1961. Traveling to Cuba as an American is now a lot easier than it has been in the past following a restoring of diplomatic...

Many cigar aficionados claim Cuban cigars are of the highest quality in the world. The only problem is the export of any Cuban product into the United States has been banned — that is, until very recently. However, despite the vogue popularity of Cuban cigars, according to USA Today, the...

The U.S. Department of Transportation has approved American Airlines Group Inc (NASDAQ: AAL), Frontier Airlines, JetBlue Airways Corporation (NASDAQ: JBLU), Silver Airways, Southwest Airlines Co (NYSE: LUV) and Sun Country Airlines to offer flights to Cuba, according to a CNN Money report. The...