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Saturday, April 3, 2010

U.S. capitalists look to future investments in Cuba


Though Cuban officials claim their economy isn’t waiting on U.S. involvement, entrepreneurs and investors are eyeing the once off-limits socialist country as a treasure trove for capitalistic possibility.
With access to Cuban tourism, U.S. travel industry executives met with Cuban officials to discuss the future of U.S.-Cuba relations.
While some are anticipating embargo changes, Cuban Tourism Minister Manuel Marrero Cruz said they are busy developing their industry for others in the world.
If allowed to enter into business transactions in Cuba, U.S. companies would join China, Venezuela, Iran, Britain, France and Spain as countries who already have an economic stake in the Caribbean country.


Source: The New York Times


Sony sells stock in HBO Latin America for $217 million to focus on its majority ownership

Source: BusinessWeek


U.S. technology wholesaler expects to maintain Latin American growth with purchase of another U.S. IT company

Source: Business News Americas

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