Vanguard Natural Resources LLC filed for chapter 11 bankruptcy after reaching the terms of a debt-for-equity swap with its bondholders designed to eliminate $708 million in debt from the company’s books. Source The Wall Street Journal
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“In a society where ageing is growing, savings — including capital invested abroad –- will fall as pensioners use that to finance their consumption in Germany,” it said. “This will probably reduce the current account surplus and could even turn it into a deficit.” Source: Reuters
Mexico is the most attractive emerging market for investors, based on a range of metrics analyzed by Bloomberg including growth, yields and equity valuations. India is the worst. “Both Mexico’s currency and bonds have been sold too much,” Source: Bloomberg
In fact, 73% of consumers had outstanding debt when they were reported as dead, according to December 2016 data provided to Credit.com by credit bureau Experian. Those consumers carried an average total balance of $61,554, including mortgage debt. Source: USAToday