US court to reschedule final sale hearing in auction of Citgo parent
ReutersAug 14, 2025 4:55 PM
HOUSTON, Aug 14 (Reuters) - A U.S. federal court approved on Thursday the rescheduling of a long-awaited sale hearing originally planned for next week to decide the final winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing, following new unsolicited bids and objections.
The change could add delays to the 8-year court case, first introduced by miner Crystallex against Venezuela and that has opened the door for more than a dozen additional creditors to seek compensation for debt defaults and expropriations in the South American country.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
[Crypto IPO] Figure Skyrockets 44% on IPO Debut, All Eyes Now on Gemini as the Next Crypto Star
Figure’s strong first-day performance sets the stage for Gemini’s highly anticipated listing.TradingKey
an hour ago
[Reuters Breakingviews] Inflation defences are no match for debt burden
By Edward ChancellorLONDON, Sept 11 (Reuters Breakingviews) - Countries across the Western world are over-indebted. In theory, they could grow their way out of the debt or rein in their fiscal deficits. But the richer countries have a miserable recent growth record. And as the fall of French Prime MReuters
3 hours ago
U.S. August CPI Preview: Persistent Rise in Inflation, What Impact on Rate Cuts? And on US Stocks?
TradingKey - On 11 September 2025, the U.S. will publish August CPI data. Consensus forecasts indicate a 0.3% month-over-month increase for both headline CPI and core CPI. As a result, headline CPI year-over-year may climb to 2.9%, up from 2.7%TradingKey
Tue, Sep 9
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.TradingKey
Mon, Sep 8
Unlocking Gold’s Next Leg: $4,000 in Reach by 2025？
TradingKey - Gold has kicked off a fresh uptrend in early September, breaking out of months of compression and reclaiming key territory. The decisive move above $3,500 establishes a new support base and puts higher objectives back on the table for the weeks aheadTradingKey
Thu, Sep 4
Tradingkey
