Some big stock market winners emerge from Obama move on Cuba


  • World
  • Thursday, 18 Dec 2014

NEW YORK (Reuters) - A tiny mutual fund based in Miami, a clutch of cruise line operators and a Canadian natural resources company rank among the early winners in the Obama administration's surprise move on Wednesday to thaw relations with Cuba.

After more than five decades of frosty relations and U.S.-imposed economic embargoes, President Barack Obama unveiled plans to relax some aspects of commerce and transportation between the two countries. An outright end to the longstanding trade embargo, however, is not in the cards for now.

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