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Director / Editor: Victor Teboul, Ph.D.
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Venezuela Creditors Demand Payment on Defaulted $1.5 Billion Bond

A group of creditors has demanded payment on a $1.5 billion Venezuelan bond that is in default, their lawyer said on Monday, kicking off a long-awaited showdown between creditors and the crisis-wracked OPEC nation. President Nicolas Maduro's government and state-owned companies owe nearly $8 billion in unpaid interest and principal following this year's default on bonds amid a hyperinflationary collapse of the country's once-wealthy socialist economy. Five investment funds...

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