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  • And that was before Puerto Rico Governor Alejandro Garcia Padilla admitted Monday that the country's budget gap was bigger than thought and it could not repay more than $70 billion in debt. Over the past year, funds run by Goldman Sachs Group Inc have increased their exposure to Puerto Rico to attract yield-hungry investors, U.S. regulatory filings show.

  • SARNICO, Italy/ SINGAPORE, June 29- When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. "The market is not that big, the market is not that fast," said Fabiomassimo Discoli, a Hong Kong- based sales manager for Ferretti, adding that the company had found...

  • LONDON, June 26- Bond sales from emerging markets in the first half of 2015 are running more than a fifth below year-ago levels due to the continued slump in issuance from Russia, Brazil and oil producers across the developing world. Governments and companies from the developing world had sold hard currency bonds worth $195 billion as of June 19, Thomson Reuters...

  • FRANKFURT, June 26- Shares in German potash miner K+ S leapt almost 40 percent on Friday after a takeover proposal from Canada's Potash Corp which sources close to the matter said was worth more than 7 billion euros. K+ S believes Potash Corp wants to take capacity out of an over-supplied market to boost its profitability, the sources said, adding the Canadian firm...

  • *K+ S shares leap 39 pct to over 40 euros. FRANKFURT, June 26- Shares in German potash producer K+ S leapt as much as 39 percent to over 40 euros in early trading on Friday after the company received a takeover proposal from larger Canadian fertilizer producer Potash Corp.. The sources said the proposal valued K+ S at just over 40 euros a share, a 38 percent premium to...

  • June 25- Canada- based drugmaker Valeant Pharmaceuticals International Inc has approached to buy Zoetis Inc, an animal-health company, the Wall Street Journal reported. Shares of Zoetis, whose pipeline includes medicines and vaccines for pets and livestock, were up 2 percent at $56.65 in extended trading. The decision came a month after Bill Ackman's Pershing...

  • Valeant offers to buy Zoetis - WSJ Thursday, 25 Jun 2015 | 4:30 PM ET

    June 25- Canada- based drugmaker Valeant Pharmaceuticals International Inc has approached to buy Zoetis Inc, an animal-health company, the Wall Street Journal reported. Zoetis, spun off from Pfizer Inc in 2013, was valued at $24.85 billion as of Thursday's close, according to Thomson Reuters data. It was not clear what Zoetis's reaction to the approach was, if any,...

  • US STOCKS-Wall St little changed; health stocks rally Thursday, 25 Jun 2015 | 1:38 PM ET

    *UnitedHealth biggest boost to the Dow; Eli Lilly to S&P. UnitedHealth Group jumped as much as 2.5 percent to $122.13 and was the biggest boost to the Dow. Among hospital operators, shares of Community Health Systems were up 12.6 percent at $62.28 after touching a record high of $63.36, while shares of HCA Holdings rose 8.6 percent to $90.55 and Tenet Healthcare...

  • June 25- Oil and natural gas producer Magnum Hunter Resources Corp said it expected to raise $600- $700 million by selling its 45.53 percent stake in its natural gas gathering subsidiary, Eureka Hunter Holdings. Magnum Hunter had $13.7 million in cash and cash equivalents and total debt of $951 million as of March 31, according to Thomson Reuters data.

  • Magnum Hunter looking to divest stake in pipeline unit Thursday, 25 Jun 2015 | 6:40 AM ET

    June 25- Oil and natural gas producer Magnum Hunter Resources Corp said it expected to raise $600- $700 million by selling its 45.53 percent stake in its natural gas gathering subsidiary, Eureka Hunter Holdings. The potential deal would allow Magnum Hunter to restructure its balance sheet and improve its current liquidity position, the company said.

  • *Optimism strengthens in Singapore, falls in India. SYDNEY, June 24- Sentiment at some of Asia's biggest firms has deteriorated as a slowing Chinese economy, Greek sovereign debt crisis and looming U.S. interest rate hike create deepening concern about the state of the world economy, a Thomson Reuters/ INSEAD survey showed. The Thomson Reuters/ INSEAD Asian...

  • June 24- Business sentiment at Asia's top companies was little changed in the second quarter from the first, with the building sector reporting the most optimistic outlook, followed by the food sector's most upbeat reading in two years. The Thomson Reuters/ INSEAD Asian Business Sentiment Index, representing the six-month outlook at 117 firms, was 70 for the...

  • VANCOUVER, June 23- The global gold mining industry is showing signs of life as merger activity picks up and industry veterans set up new companies and hunt for projects, taking advantage of weak prices to lay the groundwork for a rebound. In the first quarter, Paris- based asset manager Carmignac Gestion bought 11.65 million shares of Goldcorp, the highest valued...

  • NEW YORK, June 22- U.S. stocks ended higher on Monday, with the Nasdaq closing at a record as hopes grew that a deal would be reached to prevent Greece from defaulting on loans. Equities have been largely driven by the situation in Greece of late, with investors concerned that if the country defaults on its loans, it may have to leave the euro or the European Union,...

  • LONDON, June 22- European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive said. Robert Wessman, former CEO of Actavis, founded the New Jersey- based generic drugs firm in 2009.. The transaction is the latest sign of the hectic pace of...

  • HONG KONG, June 22- The increasing use of the yuan internationally could lead to a healthier global economy, but if Beijing fails to handle the project successfully it could spark currency wars and create systemic risk in financial markets, the Atlantic Council warned on Monday. The U.S. based global affairs think tank said China needs to be more transparent in...

  • LONDON, June 22- European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive said. Robert Wessman, former CEO of Actavis, founded the New Jersey- based generic drugs firm in 2009.. The transaction is the latest sign of the hectic pace of...

  • WASHINGTON, June 21- Surging investment by Chinese companies in U.S. research labs is yielding a fast-growing trove of patents, part of a push to mine America for ideas to help China shift from being the world's factory floor to a driver of innovation. Even without a treaty, China is pouring capital into U.S. research as well as buying other assets.

  • On Monday, the National Association of Realtors is expected to report strong growth in existing home sales for May. On Wednesday, Lennar, the No. 2 U.S. homebuilder is expected to report that it had a strong second quarter. Construction materials supplier Vulcan Materials has risen 35.8 percent so far this year and home improvement and building products firm...

  • NEW YORK, June 19- The Russell 2000 index of small company stocks will lose some heavy hitters from the healthcare sector when FTSE Russell rebalances its indexes at the end of the month, depriving the index of companies that provided much of its growth this year. Stocks in the sector that are expected to be promoted to the larger cap index include Isis...