Insolvency Guardian Media Centre
Water treatment firm Hyflux has filed a lawsuit against Indonesias SM Investments in the Singapore High Court, saying that the investor has repudiated on the rescue deal. The lawsuit was also filed to claim the S$38.9 million deposit.
The lawsuit follows after Hyflux called off the rescue deal from SM Investments earlier this month on claims that the investor has repudiated the restructuring agreement. Due to the removal of the rescue deal, then scheduled scheme meetings for investors, creditors, and stakeholders were also cancelled.
In a filing on the Singapore Exchange on Monday after trading hours, the firm announced that SM Investments has denied that it has repudiated the restructuring agreement and Hyflux has filed a writ of summo…
Read the full article at: https://www.ig.com/au/news-and-trade-ideas/shares-news/hyflux-sues-sm-investments-over-aborted-bailout-190416
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy.
In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk.
Unfortunately, in life, there is rarely a reward without taking a degree of risk. In farming, risk is an essential part of generating income. Managing risk is about making business decisions that exchange some level of tolerable risk for some degree of acceptable return. Decisions can be made to decrease risk, but that can often result in lower revenues.
To effectively manage risk in their business, grain producers need to understand both the …
Read the full article at: https://www.queenslandcountrylife.com.au/story/6055886/insolvencies-highlight-credit-insurance-benefits-grain-brokers-australia/?cs=4699
Two UCLA law professors helped broker a deal that will bring financial relief to Puerto Rico.
Law professors Kenneth Klee and Daniel Bussel have been working on restructuring Puerto Ricos debt since 2017 and finalized the deal in February. Puerto Rico had accumulated $72 billion in aggregate debt as of 2016, Bussel said.
Klee said Puerto Ricos poor economic condition is a product of the islands history as a territory of the United States.
During the 1960s and 1970s, various industries set up operations in Puerto Rico due to U.S. tax incentives, Klee said. However, former President Bill Clintons administration later repealed these incentives, which led these businesses to migrate out of Puerto Rico.
As a result, Puerto Rico had to find w…
Read the full article at: https://dailybruin.com/2019/04/15/law-professors-help-puerto-rico-address-debt-aim-to-alleviate-financial-pressures/
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk.
Unfortunately, in life, there is rarely a reward without taking a degree of risk. In farming, risk is an essential part of generating income. Managing risk is about making business decisions that exchange some level of tolerable risk for some degree of acceptable return. Decisions can be made to decrease risk, but that can often result in lower revenues.
To effectively manage risk in their bu…
Read the full article at: https://www.graincentral.com/markets/recent-insolvencies-highlight-the-benefits-of-credit-insurance/
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy.
In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk.
Unfortunately, in life, there is rarely a reward without taking a degree of risk. In farming, risk is an essential part of generating income. Managing risk is about making business decisions that exchange some level of tolerable risk for some degree of acceptable return. Decisions can be made to decrease risk, but that can often result in lower revenues.
To effectively manage risk in their business, grain producers need to understand both the …
Read the full article at: https://www.queenslandcountrylife.com.au/story/6055886/insolvencies-highlight-credit-insurancebenefits-grain-brokers-australia/?cs=4698
One of the most pressing concerns from Sizmeks bankruptcy comes from SSPs, which must reconsider how they think about risk and credit with their longtime partners.
Brands and agencies often pay DSPs on 90-day or even 120-day cycles. But DSPs pay SSPs between 30 to 60 days. Theres a separate contract between an SSP and a publisher, but often the SSP will front inventory spend before it has money in hand from the buyer.
DSPs shoulder this burden directly because they constantly owe money to inventory suppliers. The Trade Desk took out a $200 million loan in 2017 to preserve liquidity while it bridges inventory payments. MediaMath has raised more than $600 million, including $225 million last year.
But when a DSP defaults on its…
Read the full article at: https://adexchanger.com/online-advertising/sizmeks-bankruptcy-is-changing-how-the-supply-side-manages-dsp-debts/
(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/