Latin America

Politics

Puerto Rico Governor Says Island Can't Pay its Public Debt

The governor warned that Puerto Rico can't pay its $72 billion public debt on the eve of a private Monday meeting with legislators, delivering another jolt to the recession-gripped U.S. island as well as a world financial system already worrying over Greece's collapsing finances.

Markets

Cuba's Castro Slams U.S. Trade Embargo at United Nations

Cuba's President Raul Castro, speaking at the United Nations for the first time, on Saturday hailed renewed diplomatic ties with the United States as "major progress" but slammed a U.S. trade embargo as the top obstacle to Cuba's economic development.