News Snapshot:
Venezuela wins grace period on China oil-for-loan deals, sources say By Reuters Posted on Author mikephite © Reuters. Venezuela’s President Nicolas Maduro speaks during the Venezuela’s national award of journalism ceremony in Caracas By Mayela Armas and Corina Pons CARACAS (Reuters) – Venezuela’s government has negotiated an agreement with Chinese banks for a grace period until the end of the year on some $19 billion in loans that are paid off with oil shipments, according to three sources in Caracas with knowledge of the situation. The government of late socialist leader Hugo Chavez borrowed more than $50 billion from China...
