Creditors push back Venezuela default decision
Decision day on a looming Venezuelan default was pushed back Friday after a committee of creditors postponed a ruling on whether state oil company PDVSA had officially defaulted on its debt repayments.The creditors, represented by 15 financial firms at a meeting in New York, agreed to meet again on Monday -- the same day President Nicolas Maduro has summoned creditors to Caracas to discuss rescheduling Venezuela's massive $150 billion debt.For the moment the decision of the so-called Determinati
Read more »