Goldman's Venezuelan bond deal a 'cynically opportunist bet:' Fmr. Goldman managing director

People participate in an opposition rally in Caracas Venezuela

Meanwhile in Venezuela itself, opposition protesters completed 60 days on the streets as a student march maintained the momentum of a movement calling for the leftist Maduro to hold elections and allow humanitarian aid into a nation struck by widespread hunger and shortages.

From the first sunbeam, there is an enthusiastic crowd of people in front of the headquarters of the Attorney General´s Office next to the Ministry of Interior, Peace and Justice, chanting "Long Live Commander Hugo Chavez and President Nicolas Maduro", awaiting opposition groups "to take to the streets" as they promised. "We agree that life there has to get better, and we made the investment in part because we believe it will".

Opposition politicians said at least 89 people were injured when protesters clashed with security forces blocking their way.

The text backs mediation efforts by many countries in the region and calls on the EU's High Representative for foreign policy to explore actively with global and regional organisations "other measures that would enable the European Union to restore full democracy to Venezuela".

At a news conference, Borges asked for "help" from European Union institutions so that "those who have violated human rights are also hit with sanctions".

"We recognize that the situation is complex and evolving and that Venezuela is in crisis", the firm said in a statement.

The National Assembly also approved a motion late Tuesday to petition the U.S. Congress to probe the deal, which lawmakers said will prop up the country's embattled president.

The assembly said it is "deeply concerned and moved by news that has been conveyed to us about the grave situation in Venezuela".

"By giving $900 million to a dictatorship, they are funding a systematic human rights violator, they are funding immorality and for Maduro to stay in power while he keeps killing people", Eduardo Lugo, 23, a Venezuelan attending college in NY and a leader of the protest, told Reuters.

The statement did not include the price of the bonds or the amount purchased.

For its part, Goldman Sachs says it bought the bonds in a secondary market, meaning it wasn't a direct trade with Venezuela's government.

Mr Maduro says the protests are a violent attempt at a coup and insists the country is the victim of an "economic war" supported by Washington. Last month, Borges sent over a dozen letters to worldwide banks requesting that they refuse to service transactions with the Venezuelan government.

The Organization of American States (OAS) held foreign ministers' meeting on the crisis in Venezuela amid heightened tensions between the opposition and the government in Washington DC on Wednesday. That apparently includes an $865 million transaction involving debt from state-run oil company PDVSA, which owns gasoline provider Citgo.

"Little by little", Martínez Yabrudi said, "the countries of the OAS, the countries of the world have realized that they can not be accomplices" to repression.

Members of the opposition party have threatened not to honor the bonds or do business with Goldman Sachs if they do come into power.

Investors can buy some Venezuela government-tied bonds at one third their face value, despite the risk of imminent financial collapse that could lead to a debt default.

Related News:

  • Trump waives law requiring US to move embassy in Israel to Jerusalem

    Hussam Zomlot, Palestinian ambassador to the United States , also issued a statement . "We're looking at it very, very strongly". Bush and Barack Obama before midnight, the decision to make the historic move will have been made by non-action.
    Tegna (TGNA) Receives Daily Media Impact Rating of 0.16

    Tegna (TGNA) Receives Daily Media Impact Rating of 0.16

    With 1.50 million avg volume, 5 days are for Tegna Incorporated (NYSE:TGNA)'s short sellers to cover TGNA's short positions. Before becoming president and CEO, Lougee was president of Tegna Media, overseeing 46 broadcast stations in 38 markets.
    Love grows into role with LeBron in Cavs' title quest

    Love grows into role with LeBron in Cavs' title quest

    For the first time in history, the same two teams will battle in the NBA Finals for the third consecutive summer. As evidence by this game, even if Kevin Love and Kyrie Irving have outstanding games, they can still lose.
  • Rabada youngest top ranked bowler after Saqlain

    En route to this landmark Hashim Amla took just 151 innings and thereby broke Virat Kohli's record (who reached 7000 runs in 166 innings).
    For first time since 1973, Miami baseball not in NCAAs

    For first time since 1973, Miami baseball not in NCAAs

    The 1982 Texas team, which played a similar number of regular-season games as Oregon State, entered that year's tournament 53-4. North Carolina (47-12) is No. 2, Florida (42-16), the top seed in 2016, is No. 3 and is followed by LSU (43-17).

    Bombing in diplomatic area of Kabul kills 80, wounds scores

    It was one of the worst attacks Kabul had seen since the drawdown of foreign forces from the country at the end of 2014. And our promise to you is that we will always strive to provide indispensable journalism to our community.
  • Mumbai Indians Beat Rising Pune Supergiant to Win Thrilling 2017 IPL Final

    Mumbai Indians Beat Rising Pune Supergiant to Win Thrilling 2017 IPL Final

    We always need our big players for big games. "When you see them on the field, they are so excited to play the game. We wanted Malinga to be in the fray and we knew somewhere down the line, the experience will count.
    EU, China to reaffirm support for climate pact

    EU, China to reaffirm support for climate pact

    Trump name-dropped the city in his speech, stating: "I was elected to represent the citizens of Pittsburgh, not Paris ". Opinions were split over Trump's decision to remove the US from the pollution-reduction deal.
    Third gravitational wave detection gives hints on dark matter and black holes

    Third gravitational wave detection gives hints on dark matter and black holes

    Perhaps we'll find evidence of " cosmic strings ", hypothesized weird wrinkles in spacetime containing massive amounts of energy. The plot had the hallmarks of the accelerating sinusoidal wave that is typical of two objects in the process of merging.
  • Ariana, others perform in Manchester as tribute to attack victims

    Grande performed throughout the show, even collaborating with others onstage. Twenty-two people were killed and dozens more injured in the incident.
    Taylor Swift faces jury trial in DJ assault case

    Taylor Swift faces jury trial in DJ assault case

    Mueller, who originally sued the star for loss of wages, has always maintained Swift was groped by another worker at the station. Swift has promised to donate any money she's awarded as a result of the trial to charities for victims of sexual assault.

    Trump receiving updates explosion in Philippines

    Director-General Ronald dela Rosa, chief of the Philippine National Police, said injuries were caused by stampede and not gunfire. He told reporters at the scene that the building was being searched, and that it was unclear how the attacker gained entry.


Most liked

'Peace Is A Choice,' Trump Says During Appearance With Palestinian Leader
Trump also said that Iran should have thanked the USA for the 2015 nuclear agreement, because it led to sanctions being lifted. Back in Jerusalem, Trump gave a speech at the Israel Museum, where he said "my administration will always stand with Israel".

UK Police Declare London Bridge, Borough Market Incidents as Terrorism
Witnesses have described seeing a speeding vehicle veer into crowds on London Bridge and people being stabbed in Borough Market . The force initially said officers were also responding to a reported third incident, in the Vauxhall area of London .

New poll shows possible defeat for Theresa May
The headline figures certainly stand out given previous assumptions and polling data pointing to the Conservatives securing a majority.

Nintendo Switch Online Details Announced
The app can be used to chat with your other Switch-owning friends, invite them to play a game online, and set "play appointments". Initially, the company mentioned that subscribers could play a classic NES or SNES title for only one month.

Then there were 4: Fifth Harmony releases first track minus Camila Cabello
Especially as a songwriter. "You'll hear our growth and maturity reflected in the music we're creating". The group is now in the studio working on their highly-anticipated third album.

White House says Trump expected to pull US from Paris deal
In fact, he said, sea level rise caused by unchecked climate change could mean that cities like his "will cease to exist". He could announce that the United States is abandoning the agreement, but it would take until 2020 to actually leave.

UN chief urges action on climate change as Trump debates
All signatories to the United Nations climate change treaty have signed onto the Paris accords except for Syria and Nicaragua. Other nations might also decline to contribute to a fund set up to help poorer nations reduce greenhouse gas emissions.

No Medicaid cuts in Trump budget? Really?
Host Steve Doocy jokingly asked Mulvaney if it was true that children would die and seniors would starve if Trump's budget passed. Mulvaney, a former USA congressman, later said that it was typical of how Democrats talk about Republican White House budgets .

Arsene Wenger set to sign new deal at Arsenal
Yet Wenger will stay, and risks his already damaged legacy becoming further tarnished at a time when the Premier League has never been so competitive.

Jeb Bush no longer interested in buying Marlins
It was not immediately clear why Bush dropped his efforts to buy the Major League Baseball team. Jeter's agent, Casey Close, didn't immediately respond to an email seeking comment.

Harper, Strickland trade punches as Nationals beat Giants 3-0
It took teammates Mac Williamson , Hunter Pence and George Kontos to drag the agitated Strickland off the field. Almost three years ago, in the NLDS, Bryce Harper and Hunter Strickland met for the first time.

Cowboys' Carroll arrrested on suspicion of DWI
He spent the three years prior playing for the Philadelphia Eagles and before that was a member of the Miami Dolphins. The team issued a statement saying it's aware of his arrest and is "gathering information at this time".

New Crash Bandicoot N
Vicarious Visions is the studio in charge of the remaster's development. Video game stories from other sites on the web. Sane Trilogy may include some new content...

Are Analysts Bullish about Grainger PLC (LON:GRI) after last week?
Stockholders of record on Thursday, May 4th will be paid a dividend of GBX 0.52 ($0.01) per share. (NYSE:CCK) for 225,497 shares. The Firm is engaged in managing forests and producing pulp, paper and compound plastics for industrial and consumer packaging.

Britain says some of Manchester bomber's network potentially still at large
Bomber Salman Abedi, a 22-year-old Briton of Libyan descent, killed 22 people and himself on May 22 at an Ariana Grande concert. Associated Press writer Jill Lawless reported this story from London and AP writer Mstyslav Chernov reported in Manchester .