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  • Dec 2- Target Corp has agreed to pay $39.4 million to resolve claims by banks that said they lost money because of the retailer's late 2013 data breach. Wednesday's settlement calls for Target to pay as much as $20.25 million directly to banks, and $19.11 million to fund a MasterCard Inc program related to the breach. In afternoon trading, Target shares were down 30...

  • LONDON, Dec 2- London's Court of Appeal has asked lawyers for Tom Hayes, jailed in August for conspiracy to manipulate Libor benchmark interest rates, to provide an up-to-date medical report on the former yen derivatives trader by next Wednesday. Lord Chief Justice John Thomas, the head of the judiciary in England and Wales, made the request after Hayes's leading...

  • NEW YORK, Dec 2- Yields on U.S. The Fed chair will speak before the Economic Club of Washington at 12:25 EST. We hope a combination of Yellen's comments and this week's data will cement December expectations of a rate hike, "said Michael Cloherty, head of U.S. rates strategy at RBC Capital Markets.

  • LONDON, Dec 2- If the last "Great Divide" in Transatlantic monetary policy 21 years ago is a reliable guide, stretched currency and debt markets could well be wrongfooted this month. With the U.S. Federal Reserve and European Central Bank preparing to go their separate ways, respectively tightening and easing policy, the dollar is close to its highest since 2003...

  • *Yahoo shares rise after reports of sale of core unit. Dec 2- U.S. stock index futures were little changed on Wednesday as investors held off on taking big positions ahead of Federal Reserve Chair Janet Yellen's speech. Yellen will speak before the Economic Club of Washington at 12:25 p.m. ET.

  • Dec 2- U.S. stock index futures were little changed on Wednesday as investors held off on taking big positions ahead of Federal Reserve Chair Janet Yellen's speech. *Yellen will speak before the Economic Club of Washington at 12:25 p.m. ET. *She also testifies on the economic outlook before a joint committee of Congress on Thursday.

  • LONDON, Dec 2- Emerging equity and bond markets suffered $3.5 billion in outflows in November, with capital exodus resuming after the previous month's brief respite, data from the Institute of International Finance showed. The Washington- based group, one of the most authoritative sources of data on investment flows to the developing world, said in a report...

  • TOKYO, Dec 2- Japanese government bond prices were mostly flat on Wednesday as initial buying following soft U.S. manufacturing data lost steam, with many investors unwilling to chase the market higher near record levels. Ten-year JGB futures ended flat at 148.56. They had risen earlier to 148.66, near a record high of 148.67 touched in January.

  • *China lifts caps for issuers of bonds rated AA and above. Beijing seeking to cut red tape in bond market. HONG KONG/ SHANGHAI, Dec 2- China's top economic planning agency has removed limits on the number of onshore bonds local companies can issue per year as part of wider moves to cut red tape in the country's corporate bond market.

  • HONG KONG/ SHANGHAI, Dec 2- China's top economic planning agency has removed limits on the number of onshore bonds local companies can issue per year as part of wider moves to cut red tape in the country's corporate bond market. The National Development and Reform Commission's new streamlined regulations announced Wednesday will apply to issuers of corporate...

  • SAN JUAN, Dec 1- Puerto Rico's power authority, PREPA, reached a tentative debt restructuring deal with bond insurers, two sources familiar with the matter said on Tuesday, but two Puerto Rican government sources said later there was no agreement. But on Tuesday night, a source close to PREPA and another close to Puerto Rico's Government Development Bank, both with...

  • HONG KONG/ SHANGHAI, Dec 2- China's National Development and Reform Commission said it will loosen control over corporate bond issuance in the part of the debt market it regulates,. In a statement posted on its website on Wednesday, the NDRC said it will streamline onshore bond issuance procedures, remove limits on issuances by corporates rated AA and above, and...

  • MELBOURNE, Dec 2- London copper steadied on Wednesday as traders eyed possible government support in China to help stem an industry downturn that has pushed prices to more than six-year lows. *Three-month copper on the London Metal Exchange traded at $4,625.50 a tonne by 0140 GMT, losing 0.1 percent, after climbing 1 percent in the previous session and edging...

  • Dec 1- Puerto Rico's power authority PREPA has reached a tentative debt restructuring deal with bond insurers including Assured Guaranty and MBIA Inc's National Public Finance Guarantee, according to two sources familiar with the matter. The deal still needs the approval of the PREPA board, the sources said, but has been signed by representatives for all...

  • *Crude prices diverge on oversupply concerns, OPEC focus. NEW YORK, Dec 1- U.S. stocks closed higher on Tuesday despite mixed U.S. economic data as treasury yields and the dollar declined while oil prices were choppy ahead of an OPEC meeting later this week. The euro bounced back from a multi-month low against the U.S. dollar on strong European data and as investors...

  • NEW YORK, Dec 1- U.S. Yields maturing between two and 30 years initially fell to session lows after the Institute for Supply Management's gauge on U.S. services industries came in at its weakest since June 2009. "The Treasury market has pretty surprisingly traded better on weaker-than-expected ISM," said Justin Lederer, Treasury strategist at Cantor Fitzgerald...

  • NEW YORK, Dec 1- Puerto Rico on Tuesday made bond payments on $355 million worth of debt maturing on Dec. 1 that was issued by its Government Development Bank by diverting revenues pledged to other debt. "The Commonwealth of Puerto Rico's Government Development Bank made full payment of debt service to its note holders today, despite its strained liquidity.

  • FIDELITY'S TOP MUTUAL FUNDS OWN MORE THAN $3 BLN WORTH OF STAKES IN PRE-IPO COPANIES-FUND DISCLOSURES.

  • *Month-end purchases drive appetite for long-dated issues. NEW YORK, Dec 1- U.S. The Institute for Supply Management's gauge on U.S. services industries was the weakest since June 2009 and pushed yields maturing between two- and 30- years to session lows.

  • A climate fund offered to European investors by HSBC, the HSBC GIF Global Equity Climate Change fund, holds stock in U.S. oil producer and refiner Chevron Corp, South African energy company SASOL Ltd and British oil and gas producer BG Group Plc. "It is not so much about avoiding companies that are carbon emitters, but about investing in companies that have sought to...