U.S. Judge Authorizes Seizure of Venezuela"s Citgo

A U.S. federal judge authorized the seizure of Citgo Petroleum Corp. to satisfy a Venezuelan government debt, a ruling that could set off a scramble among Venezuela’s many unpaid creditors to wrest control of its only obviously seizable U.S. asset......»»

The United States on Thursday temporarily blocked a creditor seizure of Citgo, a win for political leaders in Venezuela struggling to retain control over the U.S. refiner owned by the chaotic South American nation......»»

The Citgo Petroleum board of directors appointed by Venezuela's opposition congress chief was confirmed by a U.S. judge on Wednesday, ending a challenge by former directors loyal to Venezuelan President Nicolas Maduro......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Venezuela’s state oil company plans to appeal a U.S. ruling that would allow one of the country’s creditors to seize a major source of dollars—Citgo Petroleum......»»

Wall Street JournalVenezuela Strikes Deal to Save Citgo From SeizureWall Street JournalVenezuela has struck a $1.4 billion deal to retain control of Citgo Petroleum Corp., the latest settlement.....»»

Venezuela has struck a $1.4 billion deal to retain control of Citgo Petroleum Corp., the latest settlement that keeps the country’s U.S. crude refineries from falling into the hands of creditors......»»

Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country's U.S.-based Citgo Petroleum Corp from seizure by creditors......»»

A federal judge issued a warrant for seizure of about 392 Bitcoin worth $16 million, which attorneys say were used by Darknet drug dealers Treasury officials are putting new regulations in place to curb money laund.....»»

A federal judge issued a warrant for seizure of about 392 Bitcoin worth $16 million, which attorneys say were used by Darknet drug dealers A representation of virt.....»»

Venezuela's state-run oil company P.....»»

Caracas Caves, Releases Jailed American Citgo Executives Authored by Irina Slav via OilPrice.com, Venezuela has released six Citgo executives who were arrested an.....»»

Venezuela's opposition is preparing to seek an asset protection program from the United Nations to prevent creditors from seizing the country's crown jewel overseas asset, U.S. refiner Citgo, a lawmaker and two opposition sources told Reuters......»»

Venezuela’s Vice President Delcy Rodriguez has denounced what state media is describing as a ship seizure by the US in the Pana.....»»

The board of Citgo Petroleum [PDVSAC.UL] appointed by Venezuela's congress chief was properly seated, a U.S. court ruled, dealing a blow to contested Venezuelan President Nicolas Maduro's efforts to retake control of the Texas-based refiner......»»

Authored by Doug French via The Mises Institute, Franklin Bynum was unchallenged and won the Democratic nomination to become a criminal court judge in Houston. Mr. Bynum is an avowed socialist and he’s not alone in.....»»

A Canadian gold mining firm has won the right to go after Venezuela's U.S.-based oil refineries to collect $1.4 billion that it lost in a take-over by the late-President Hugo Chavez......»»

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Authored by Robert Rapier via OilPrice.com, In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil an.....»»

Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will protect its crown jewel foreign asset, the Houston-based Citgo Petroleum Corp refining business, from being stripped away by a creditor, according to Canadian court documents......»»