Venezuelan President Nicolas
Maduro on Tuesday ordered state oil company PDVSA to look into legal action
against JPMorgan Chase & Co after the U.S. investment bank reported delays
in $404 million in bond interest payments. PDVSA said on Monday it was using a
30-day grace period for coupon payments on its 2035 bond but that reports of
other payment delays were wrong. It suggested paying agent Citibank was
creating a backlog that had spooked markets. "JPMorgan's attitude is of a
criminal nature," Maduro said during a salsa music program he broadcasts
from the presidential palace. He said local and foreign opponents were
conspiring to give a false impression that Venezuela is on the verge of a debt
default. More…
Wednesday, November 23, 2016
Venezuela's Maduro threatens legal action against JPMorgan
Venezuelan President Nicolas
Maduro on Tuesday ordered state oil company PDVSA to look into legal action
against JPMorgan Chase & Co after the U.S. investment bank reported delays
in $404 million in bond interest payments. PDVSA said on Monday it was using a
30-day grace period for coupon payments on its 2035 bond but that reports of
other payment delays were wrong. It suggested paying agent Citibank was
creating a backlog that had spooked markets. "JPMorgan's attitude is of a
criminal nature," Maduro said during a salsa music program he broadcasts
from the presidential palace. He said local and foreign opponents were
conspiring to give a false impression that Venezuela is on the verge of a debt
default. More…
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment