Gold Enters $1,700 Lows In 3rd Losing Week, Amid Risk-On Rampage

© Reuters. By Barani Krishnan Investing.com – Run, gold bull, run — away from the bear that is. The selloff in what is arguably the world’s most cherished, albeit vaunted, metal showed little signs of slowing on Friday as it fell to $ 1,700 territory — its foray there since June. “Gold is really struggling […]

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U.S. retailer Guitar Center enters restructuring deal to cut debt by $800 million

© Reuters. (Reuters) – Guitar Center Inc, the largest U.S. retailer of music instruments and equipment, has reached a restructuring agreement with key stakeholders that includes debt reduction by nearly $ 800 million, the company said in a statement. The retailer signed the Restructuring Support Agreement(RSA) with its equity sponsor, a fund managed by private […]

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Virgin Australia enters voluntary administration with aim to recapitalise

© Reuters. A Virgin Australia plane at Kingsford Smith International Airport after Australia implemented an entry ban on non-citizens and non-residents due to the coronavirus outbreak By Jamie Freed SYDNEY (Reuters) – Virgin Australia Holdings Ltd (AX:) said on Tuesday it entered voluntary administration to recapitalise the business and emerge in a stronger financial position […]

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