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  • But the judge, who has been presiding for more than a decade over litigation between Argentina and hedge funds that refused to exchange defaulted bonds, seemed more interested in a fiery speech on Monday night by Argentine president Cristina Fernandez de Kirchner, in which she said the country would not submit to "extortion" by the hedge funds; and by a second speech Tuesday by the Argentine economy minister, who disclosed plans to restructure bonds to avoid "attachments."

  • NEW YORK, June 18- Just because the one-time billionaire hedge fund manager Raj Rajaratnam engaged in insider trading doesn't mean his younger brother did as well, a lawyer for Rengan Rajaratnam told jurors on Wednesday.

  • *Wants UBS to split wealth management, investment bank. MONACO, June 18- Eric Knight, chief executive of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice and split its wealth management business from its investment bank.

  • NEW YORK, June 18- Lawyers for Argentina and for hedge funds that did not take part in its debt restructuring are scheduled to appear in federal court in New York on Wednesday in what could be a last-ditch attempt by the country to avoid default.

  • NEW YORK, June 18- Lawyers for Argentina and for hedge funds that refused to take part in its debt restructuring after its catastrophic 2001-02 default are scheduled to appear in federal court in New York on Wednesday afternoon, two days after the U.S. Supreme Court declined to hear the country's appeal, a court official said.

  • INTERVIEW-Knight Vinke sees UBS moving towards break up Wednesday, 18 Jun 2014 | 8:32 AM ET

    *Wants UBS to split wealth management, investment bank. MONACO, June 18- Eric Knight, CEO of activist fund manager Knight Vinke, believes Swiss bank UBS will eventually follow his advice to split its wealth management business from its investment bank.

  • JPMorgan's investment bank ranked top in Q1- survey Wednesday, 18 Jun 2014 | 3:00 AM ET

    *JPMorgan investment bank revenue $5.9 bln in Q1- survey. LONDON, June 18- JPMorgan Chase& Co was again ranked the top investment bank by revenue in the first quarter with $5.9 billion, according to a new survey published on Wednesday.

  • NEW YORK, June 17- Jurors were selected Tuesday in the trial of Rengan Rajaratnam, a former Galleon Group hedge fund manager accused of conspiring with his older brother, Raj Rajaratnam, to engage in insider trading.

  • Jury selection begins in trial of Rajaratnam's brother Tuesday, 17 Jun 2014 | 10:50 AM ET

    NEW YORK, June 17- Jury selection began on Tuesday in the trial of Rengan Rajaratnam, a former Galleon Group hedge fund manager accused of conspiring with his older brother, Raj Rajaratnam, to engage in insider trading.

  • J.P. Morgan launching its first exchange-traded fund Tuesday, 17 Jun 2014 | 9:53 AM ET

    NEW YORK, June 17- J.P. Morgan Chase& Co is launching its first exchange-traded fund on Tuesday as the Wall Street bank's asset management business makes its debut in the $1.8 trillion U.S. exchange-traded fund arena.

  • June 17- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 55 percent rise in quarterly profit on improved investment banking revenue. Bigger banks such as Citigroup Inc and JPMorgan Chase& Co expect a 20 percent fall in market revenue due to geopolitical events, global economic uncertainty and low price volatility.

  • Jefferies profit rises on investment banking revenue Tuesday, 17 Jun 2014 | 8:44 AM ET

    June 17- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 55 percent rise in quarterly profit on improved investment banking revenue. Net income rose to $61.3 million for the second quarter ended May 31 from $39.5 million a year earlier, the company said on Tuesday. Net revenue grew about 10 percent to $723 million.

  • LONDON, June 17- A bout of mergers and acquisitions gave European stocks a shot in the arm on Tuesday, while commodity and emerging market investors were somewhat calmed by the absence of an escalation in the Iraq crisis overnight.

  • M&A boost helps European shares to stabilise Tuesday, 17 Jun 2014 | 3:19 AM ET

    EDINBURGH, June 17- European shares edged higher on Tuesday, boosted by hopes of more mergers and acquisitions activity in the healthcare sector and rebounding after geopolitical concerns hit stocks in recent days.

  • M&A boost helps European shares to stabilize Tuesday, 17 Jun 2014 | 3:19 AM ET

    EDINBURGH, June 17- European shares edged higher on Tuesday, boosted by hopes of more mergers and acquisitions activity in the healthcare sector and rebounding after geopolitical concerns hit stocks in recent days.

  • June 16- Senate Finance Committee Chairman Ron Wyden has asked the Obama administration why the United States failed to stop a tax-avoidance strategy used by hedge funds, including John Paulson's Paulson& Co, Bloomberg reported.

  • The Securities and Exchange Commission's case against Albany, New York- based Paradigm Capital Management and owner Candace King Weir marks the first time the agency has ever brought charges over whistleblower retaliation- a new authority Congress bestowed on the agency in 2010..

  • *Shell to focus on Gorgon, Prelude LNG in Australia. MELBOURNE, June 17- Royal Dutch Shell launched a long-awaited sale of most of its stake in Australia's Woodside Petroleum Ltd on Tuesday, looking to reap about $5.73 billion as it moves to focus on developing its own gas assets in Australia.

  • The Securities and Exchange Commission's case against Albany, New York- based Paradigm Capital Management and owner Candace King Weir marks the first time the agency has ever brought charges over whistleblower retaliation- a new authority Congress bestowed on the agency in 2010..

  • *Higher oil prices due to Iraq could even benefit Gulf. Markets' reaction to the insurgency in Iraq suggest they may finally have succeeded. At the very least, the turmoil in Iraq looks set to widen the Sunni-Shi'ite divide which has poisoned politics across the region.