(Kitco News) – Gold is expected to garner safe-haven interest as investors look to protect themselves against an impending recession, according to one fund manager,

In a recent report, Joe Foster, portfolio manager and strategist for the VanEck Gold and Precious Metals Strategy, warned that a growing divergence in the U.S. economy has raised the threat of a recession.

Sentiment remains strong before a recession, while actual economic indicators are weakening, and this time the divergence has become more pronounced, he said. Combined with other late-cycle indicators, stock market volatility, bond market action, and central-bank behavior all suggest a recession remains in the forecast and probably may occur sooner than many …

Read the full article at: https://www.kitco.com/news/2019-04-15/A-Recession-Debt-Crisis-Would-Be-Good-For-Gold-VanEck.html

() has completed an $8 million capital raising as part of a proposed restructure of the companys black economic empowerment (BEE) equity participation.

The raising is underpinned by a group of high-profile South African investors and has achieved accelerated compliance with the ownership aspects of the South African Mining 3 (MC3).

Representing a milestone for Orion, the raising precedes the company obtaining a mining right for its flagship Prieska Zinc-Copper Project in South Africas Northern Cape province and the delivery of the projects bankable feasibility study (BFS) later this quarter.

Funds will be used to finalise the Prieska BFS and go towards continued exploration at Orions prospective tenemen…

Read the full article at: https://www.proactiveinvestors.com.au/companies/news/218629/orion-minerals-raises-8-million-through-bee-ownership-restructure-ahead-of-completed-prieska-bfs-218629.html

Debt SettlementMarket Research Report gives you a detailed Idea about the Major Manufacturers, Applications, Regions, Company Profile, Industry Growth, Revenue, Gross margin, Consumption Value/Volume, Sale price, Import, Export, Production, Segmentation, Cost Structure, Product Picture and Specifications for the Forecast period 2019-2024

The research study GlobalDebt SettlementIndustry offers strategic assessment of the GlobalDebt Settlementmarket. GlobalDebt Settlementmarket size is estimated to rise from USD xx million in 2019 to USD xx million by 2024 at an evaluated CAGR of xx%, as a outcome of cost expansion around the world. The industry report focuses on the growth opportunities, which will help the market to augmen…

Read the full article at: http://thewindherald.com/2019/04/15/global-debt-settlement-market-2019-outlook-by-players-freedom-debt-relief-national-debt-relief-rescue-one-financial/

AUSTIN, Texas, April 15, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (Jones Energy or the Company) today announced that the Company, consistent with its prior announcement on April 3, 2019 regarding the Companys entry into a comprehensive Restructuring Support Agreement with its First Lien and Unsecured Noteholders, voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the Court).

On April 14, 2019, the Company filed a pre-packaged chapter 11 plan of reorganization (the Plan), which if approved, will fully equitize the Companys outstanding prepetition funded debt, authorize incurrence of a fully committed exit…

Read the full article at: https://www.globenewswire.com/news-release/2019/04/15/1804379/0/en/Jones-Energy-Inc-Files-for-Chapter-11-Protection.html

In brief

Investors are concerned about the deterioration of corporate debt quality, marked by lower credit ratings and a large share of covenant-lite issuance in the loan market.

Credit is typically a non-recessionary asset class and should perform well so long as there is no impending recession, which at the moment looks unlikely.

Corporate bonds still add value in portfolios. But changes to the structure of the corporate bond market mean investors should have an understanding of any new risks.

Corporate debt as a share of gross domestic product has risen dramatically through the last decade, and with it, leverage has increased and credit quality declined. As a result, many investors are left wondering if credit markets coul…

Read the full article at: https://www.livewiremarkets.com/wires/five-things-to-know-about-the-corporate-debt-market

Most people only expect to borrow $100,000 or more when they take out a mortgage, but a small percentage of student borrowers owe at least that much on their student loans.

Student debt figures from 2018 show that more than 1.2 million borrowers had six-figure student loan balances last year and that over 520,000 souls owed more than $200,000.

This is only part of the reason student debt has become a $1.5 trillion crisis that only gets worse every year. Even the average borrower graduated school with nearly $30,000 in loans in 2018 according to Student Loan Hero more than enough money to make a down payment on a house or buy a new car.

How to Handle Six Figures in Student Debt

No matter how you cut it, our student debt situati…

Read the full article at: https://www.forbes.com/sites/jrose/2019/04/15/100k-in-student-loan-debt-4-top-repayment-strategies/

This is in reference to the captioned subject.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 13th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on April 9, 2019 to discuss the agenda items stated in the notice of the meeting.

The e-voting on the resolutions put to vote at the 13th meeting of the CoC of the Company commenced on Thursday, April 11, 2019, at 07:30 p.m. and concluded on Friday, April 12, 2019 at 07:30 p.m.

You are requested to take the same on record.

Pdf Link:
Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors

S…

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/uttam-value-steels-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article26844893.ece

While Sezzle and other US competitors will be in the ear of retailers also being targeted by Afterpay, this indirectly would help the system scale up by building awareness, Mr Molnar said.

Competition is a really good thing; it forced us to do better. It is what drove fast retail adoption here, and will in the US, because they are getting pitched by multiple providers, he said.

Afterpay had about 1 million customers and 2000 merchants signed up in the US at the end of last month, but gross losses fell to 1.1 per cent of underlying sales at the last half. Asked how the business was keeping a lid on bad debts despite its rap…

Read the full article at: https://www.afr.com/business/banking-and-finance/afterpay-ceo-says-bring-on-the-competition-20190415-p51ect

STAR Entertainment Group says it is “vigorously” pursuing a Singaporean high roller who claims dealing “mistakes” entitle him to write off a $43.2 million gambling debt on the Gold Coast.

In a case set to provide a fascinating insight into the world of high-stakes casino betting, Star is suing Dr Wong Yew Choy in the High Court in Singapore to recover his alleged losses at Star Gold Coast in Broadbeach.

The Gold Coast Bulletin can reveal Dr Wong, amassed the debt playing baccarat during a five-day stay on the Glitter Strip in the middle of last year.



Star Entertainment Group lodged its case on February 1.

It is understood Dr Wong argues dealing “errors” …

Read the full article at: https://www.northernstar.com.au/news/star-casino-sues-singapore-high-roller-for-alleged/3687361/

* New holding company may not be 100 pct state-owned

* Enedis capital could be opened to private investors (Adds detail)

By Geert De Clercq

PARIS, April 15 (Reuters) – French utility EDF will kick-off its restructuring plan with a May 28 board meeting to discuss plans for a partial renationalisation of the state-controlled utilitys nuclear activities, Le Parisien newspaper reported on Monday.

State holding company APE chief Martin Vial and a finance ministry official confirmed that the boards strategy committee would review a restructuring plan for the firm on May 28, Le Parisien reported.

It added that on June 7, the plan – codenamed Project Hercules – would be presented to 200 top managers and on June 20 to union representatives.

APE w…

Read the full article at: https://www.reuters.com/article/edf-restructuring/update-1-edf-board-to-review-restructuring-plan-on-may-28-le-parisien-idUSL5N21X0N1

The New Investors videoseriesbrought to you by Yahoo Finance reveals the secrets of the most successful entrepreneurs and business people in Australia today. This is the fourth episode of the season.

When Samantha Wills announced in August 2018 that she was shutting the doors of her global jewellery empire, it left her millions of fans stunned.

But this wasnt just another Aussie label buckling under the apocalypse that was sweeping the Australian retail sector.

The eponymously named Samantha Wills jewellery brand wasnt cash-strapped by any means: iconic pieces designed by Wills had graced the screens of millions through Sex and the City and had famously been worn by Hollywood A-listers such as Eva Mendes, Taylor Swift, and Pink.

But, after t…

Read the full article at: https://au.finance.yahoo.com/news/samantha-wills-went-80000-debt-global-jewellery-empire-014921478.html