1067 / 7177 / 7173 / 7172 Cuban President Raul Castro announced Sunday he will step down from power when his current term is over in 2018. Castro made the announcement during a national assembly meeting, and left no question about his goals while in office. I was not elected to restore capitalism, he said, I was elected to continue perfecting socialism. But since taking office from his sick brother Fidel, 81 -year old Raul did make some changes. He loosened restrictions on travel and personal property and moved the economy in a more market-friendly direction. In another surprise announcement, parliament named 52-year-old Miguel Diaz-Canel as Castro's vice president, and likely successor when he steps down in 2018.
Feb. 25 - Cuban President Raul Castro announces he will step down from power in 2018. Julie Noce reports. ( Transcript )
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.