- Atal Pension Yojana rule change: Big setback for taxpayers - know how it will impact your savings
- Home loans, EMIs to get more expensive: Now, this PSU bank hikes interest rates by .20%
- Mask mandatory in Delhi as Covid-19 cases rise again: Check new rules and penalty
- US inflation data: Break on 40-year peak, global markets rally - key highlights
- Microsoft layoffs 2022: IT giant sacks around 200 more employees as recession fears rise
Exclusive: Venezuela's Guaido rushing to get control of Citgo before April debt payment - sources

Venezuelan opposition leader Juan Guaido`s team of advisors is rushing to take control of the country`s main foreign asset, U.S. refiner Citgo Petroleum, before a potential bond default that could leave almost half the company in creditors` hands, sources close to the talks told Reuters on Monday.
Guaido, who proclaimed himself president last week and has not yet appointed a cabinet, faces the intricate legal challenge of nominating a new leadership for PDVSA and its subsidiaries, including Citgo, who would manage the companies during a transition. Other ideas are also in discussion to take control of the firms.
Holders of Venezuela`s most watched PDVSA bonds, which mature in 2020, are due a $72 million interest payment in late April. Without that payment, creditors could seize control of the company.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
02:05 am