A committee of Venezuelan creditors on Tuesday once more postponed a decision on whether state oil company PDVSA has defaulted on its debt, in the absence of sufficient information.
While the committee "works to obtain clear information regarding the timing of payments... (it) has resolved to postpone holding a binding vote on this question," it said in a statement.
The committee is to reconvene Thursday afternoon to continue the discussion, which will determine whether creditors who hold default insurance -- credit default swaps -- can collect payment on those instruments.
source: AFP
GMT 21:53 2018 Tuesday ,23 January
S&P 500, Nasdaq end at records as technology shares gainGMT 12:08 2018 Thursday ,18 January
Rupert Murdoch recovering from back injuryGMT 16:16 2018 Tuesday ,16 January
Citigroup reports steep Q4 losses tied to US tax reformGMT 16:25 2018 Thursday ,04 January
Dow hits 25,000 points for 1st time on US hiring dataGMT 20:17 2017 Thursday ,21 December
Boeing, Embraer confirm merger talks ongoingMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©