Tesla completes world's largest lithium ion battery in Australia
The Intel's (INTC) Outperform Rating Reaffirmed at Wells Fargo & Co
Awesome Oscillator Trending Upward For Nuveen Connecticut Premium Fund (NTC)
Omega Healthcare Investors, Inc. (NYSE:OHI) Ducks Under The Trend Line
Are Cagey Traders Interested in Valero Energy Corporation (NYSE:VLO)?
Venezuela in selective default, says credit ratings agency
14 November 2017, 06:39 | Hattie Nash
Venezuela's total external debt, which also includes loans from countries like Russian Federation and China, is thought to be as much as $140bn.
S&P's verdict came after the Venezuelan government met with worldwide creditors in Caracas but offered no concrete plan for restructuring its $150 billion debt.
Besides the two bond payments it has defaulted on, Venezuela is overdue on four other debt payments but they were still within the 30 day grace period, S&P said.
The Venezuelan government said Monday that the country has successfully begun the process of refinancing its foreign debt during a meeting earlier in the day in Caracas with bondholders from various countries.
Venezuela has been in a recession since Maduro succeeded the late president Hugo Chavez in 2013.
Previously it had Venezuela in junk bond status.
The agency says "there is a one-in-two chance that Venezuela could default again within the next three months".
The ratings agency said the South American nation had failed to make $200m (£153m) in repayments on its foreign debt.
Darby coming back for Cowboys
Per the NFL , The Saints are the second team in the Super Bowl era to win its next seven games immediately following an 0-2 start. They play together better than any other team in the league, and it is reflected in their 8-1 record.
Vice-president El Aissami blamed USA sanctions for delays to Venezuela's debt repayments.
The US has designated vice president El Aissami himself a drug kingpin with whom US entities are barred from dealing.
"We would very likely consider any Venezuelan restructuring to be a distressed debt exchange and equivalent to default given the highly constrained external liquidity", S&P said.
Now, as United States sanctions cut deeper into what's left of the economy, it's increasingly unclear how Venezuela will support itself.
Defending champions India crash out
Put in to bat, India U-19's No. 7 batsman Salman Khan top-scored with 39, while wicketkeeper-batsman Anuj Rawat scored 34. Bangladesh emerged victorious after they chased down the target of 188 with eight wickets and four overs to spare.
Chelsea legend Drogba set to retire
The USL campaign begins in March 2018 and finishes in November. Drogba further said, " At some point, you have to stop". He added: "I need time for my other projects ".
Supermarket prices rising at fastest rate in 4 years
Tesco saw sales growth of 2.3 per cent as its market share dipped to 28.0 per cent, down 0.2 percentage points on previous year . Sales at Aldi increased by 13.1 per cent, advancing the retailer's market share to 6.7 per cent.