The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
Facebook, Amazon and Alphabet, a collective $2.3 trillion in market cap, are reporting in the coming week. Here's what to watch.Trading Nationread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
A settlement could reportedly come as soon as Monday.Technologyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
(Recasts with details on Russia and China, context on Guaido)
CARACAS, July 9 (Reuters) - Creditors holding Venezuelan debt on Tuesday pushed back on debt restructuring plans backed by opposition leader Juan Guaido, urging a "fair and effective" framework for talks and improved communications with investors holding defaulted bonds.
The main committee of Venezuela creditors said it opposed requests for a U.S. executive order that would prevent asset seizures by investors and disagreed with a proposal to give different treatment for debts to Russia and China.
But the statement added that restructuring would not begin until the end of a "humanitarian crisis," in reference to the hyperinflationary collapse overseen by President Nicolas Maduro that has fueled malnutrition and disease.
"A new government should work with creditor parties, such as the Committee, to agree on the design of the restructuring process and to negotiate the financial and other terms of the restructuring," the statement said.
Guaido in January cited articles of the constitution to assume an interim presidency after calling Maduro's 2018 election a fraud, quickly winning recognition by more than 50 countries including the United States.
Maduro's government, which continues to exercise power thanks to the loyalty of the military, has failed to pay creditors some $11.4 billion in principal and interest since 2017, according to the creditors.
Jose Ignacio Hernandez, Guaido's overseas legal representative, did not immediately respond to a request for comment.
The committee opposed requests by Guaido and his allies for an executive order by the White House that would block creditors from seizing U.S. refiner Citgo, which is owned by state oil company PDVSA.
"An executive order issued by the US government that undermines good faith negotiations would not further the long-term interests of Venezuela or its stakeholders," the statement said.
The committee also took exception to the idea that debts to Russia and China would be treated differently than others.
"It is critical that the burden placed on creditors must be equitably shared among all creditors, public and private," the committee wrote. (Reporting by Brian Ellsworth and Christian Plumb; editing by Daniel Flynn and James Dalgleish)