| Citigroup to sell Venezuelan gold in setback to President Maduro: sources Posted: 21 Mar 2019 03:21 AM PDT  Maduro's government has since 2014 used financial operations known as gold swaps to use its international reserves to gain access to cash after a slump in oil revenues left it struggling to obtain hard currency. Under the terms of the 2015 deal with Citigroup's Citibank, Venezuela was due to repay $1.1 billion of the loan on March 11, according to four sources familiar with the situation. Citibank plans to sell the gold held as a guarantee - which has a market value of roughly $1.358 billion - to recover the first tranche of the loan and will deposit the excess of roughly $258 million in a bank account in New York, two of the sources said.
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| New Zealand bans semi-automatic and assault rifles after mass shooting Posted: 20 Mar 2019 09:17 PM PDT  New Zealand Prime Minister Jacinda Ardern said on Thursday that military style semi-automatics and assault rifles will be banned under stronger new gun laws following the killing of 50 people in the country's worst mass shooting. Ardern said she expects the new law to be in place by April 11 and buy-back scheme will be established for banned weapons. "Now, six days after this attack, we are announcing a ban on all military style semi-automatics (MSSA) and assault rifles in New Zealand," Ardern said.
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| UK's May urges lawmakers to back her Brexit deal now Posted: 20 Mar 2019 03:21 PM PDT  Prime Minister Theresa May said on Wednesday she deeply regretted her decision to seek a Brexit extension from the European Union and she urged lawmakers, who have twice previously rejected her plan, to back her now. "I passionately hope that (lawmakers) will find a way to back the deal I have negotiated with the EU, a deal that delivers on the referendum and is the very best deal negotiable, and I will continue to work night and day to secure the support" for the deal. Earlier on Wednesday, May asked the EU to allow Britain to delay its departure date by three months to June 30, and EU leaders are expected to discuss the matter at a summit on Thursday.
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