US-Cuba deal spurs rally in Caribbean assets

US-Cuba deal spurs rally in Caribbean assets

Economy & Policy Corporate & Sovereign Strategy

Companies with economic ties to Cuba rallied on Wednesday after the US said it would reestablish diplomatic links with the Caribbean country. But it could be a long time until the friendlier relations translate into debt market activity, said one banker. The agreement between Washington and Havana will ease travel, business and banking restrictions. Investors cheered the news, saying Cuba’s proximity to the US and Latin America, hydrocarbon potential and tourism appeal mean the development has p

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