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Michelle Caruso-Cabrera, NBR, CNBC.com’s Posts
Talk of a “border adjusted” tax has gone from the sidelines to center stage, which has a lot of people asking: What is it exactly?
Lack of certainty about Scotland’s currency, interest rate levels and membership in the European Union—which eliminates trade barriers in its largest market—all compete for the top of the list of worries. Mike Younger, one of the few Scotch executives who will speak to the media, is finance director for Macleod Distillers, makers of Glengoyne Single Malt. …
The buyer of Kurdish crude oil sitting off the coast of Texas is a companycalled Talmay Trading of the British Virgin Islands, CNBC has learned. According to documents seen by CNBC, Talmay, using a London shipbroker, hired AET Offshore Services of Dallas, Texas, on July 17, 2014, to unload roughly 1 million barrels of crude in …
A man who once tried and failed to topple Moammar Gadhafi in the mid-1980s has returned to the scene as Libya struggles to free itself of largely Islamic militias and bring its energy industry back to life. General Khalifa Haftar says he’s just the man for the new job at hand. The self-declared leader of …
Puerto Rico took out a full-page ad on its own behalf in The Wall Street Journal as it mounts a full-court press to convince investors that it’s creditworthy. The ad contains a letter from Gov. Alejandro Garcia Padilla that says, “We will do everything necessary for Puerto Rico to honor all its commitments.” That was the message as the …
In a rare demonstration of openness, the Cuban government invited a group of business journalists to Cuba this week for a show-and-tell about changes it’s making to the Cuban economy.
Over the next five years, 3M will sharply increase dollars spent on research and development, as the race to create new and better products becomes ever more global and competitive.