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  • May 18- Halcón Resources Corp, which produces oil in Texas and North Dakota, said on Wednesday it plans to file for a prepackaged bankruptcy that would wipe out $1.8 billion in debt and help it survive the drop in crude prices. Shares of the Houston- based company fell 55 percent to 44 cents in after-hours trading. Together with several former colleagues from...

  • Sometimes called side-by-side management, the practice of having the same managers running mutual funds as well as hedge funds has attracted concern over potential conflicts of interest, as well as increased scrutiny and regulation from the Securities and Exchange Commission. As part of an effort to address this and other concerns, the SEC in 2005 put in...

  • *Short-dated yields near 2- month highs after Fed minutes. NEW YORK, May 18- Short-dated U.S. "The big headline is that the door for June is open," said Collin Martin, a fixed income strategist at Charles Schwab in New York.

  • NEW YORK, May 18- Short-dated U.S. "The big headline is that the door for June is open," said Collin Martin, a fixed income strategist at Charles Schwab in New York. The yield for two-year Treasury notes rose to as much as 0.912 percent, the highest since March 16.

  • BOSTON, May 18- Boaz Weinstein's hedge fund Saba Capital has been pulling in new money this year even as many rival investors are being asked to return cash to their clients. An anchor investor wrote a $70 million check in February while other clients have put in $20 million, the person said. To be sure Saba's assets are still far below its roughly $6 billion peak,...

  • *Fed puts June on the table for rate hike; market sees July. NEW YORK, May 18- The U.S. dollar rose sharply against a basket of currencies on Wednesday after the Federal Reserve signaled an interest rate hike could happen as soon as next month, while stocks on Wall Street fell despite a rally in bank shares. Bank stocks, seen benefiting from higher interest rates, led...

  • LONDON, May 18- Asset managers do not need new safeguards at this point to cope with a decline in liquidity that has contributed to sharp swings in bond markets, a senior European Union regulator said. Steven Maijoor, chairman of the European Union's European Securities and Markets Authority, said the structure of bond markets had changed due to technology...

  • *Germany sells 10- year bonds, Italy issues new linker. LONDON, May 18- Euro zone government bond yields were lifted on Wednesday by a rise in U.S. Atlanta Fed President Dennis Lockhart and San Francisco Fed President John Williams both said on Tuesday that they expect two or three increases to U.S. rates this year, while Dallas Fed President Robert Kaplan said he...

  • NEW YORK, May 18- U.S. Improving U.S. economic data and recent comments from U.S. central bank officials about resuming a rate tightening cycle have prompted selling of Treasuries ahead of the release of the minutes from the policy-setting Federal Open Market Committee's April 26-27 meeting, analysts said. The minutes are due to be released at 2 p.m. EDT.

  • SAN JUAN, May 18- Puerto Rico's governor on Wednesday declared a state of emergency at the U.S. territory's highway authority, an effort to keep the agency functioning by directing revenues toward operational costs rather than debt payments. The order from Governor Alejandro Garcia Padilla does not declare a moratorium on debt payments at the Puerto Rico...

  • May 18- U.S. stock index futures were little changed on Wednesday as investors await the release of minutes from the Federal Reserve's April meeting, which could give clues on the path of rate hikes. *The minutes is scheduled to be released at 2 p.m. ET, and follows comments from Dallas Fed President Robert Kaplan who said he will advocate for a hike in June or July.

  • *German sells 10- year bonds, Italy markets linker. Atlanta Fed President Dennis Lockhart and San Francisco Fed President John Williams both said on Tuesday that they expect two or three increases to U.S. rates this year, while Dallas Fed President Robert Kaplan said he will advocate a rate hike at the Fed's upcoming policy meetings. "We've had hawkish comments...

  • Atlanta Fed President Dennis Lockhart and San Francisco Fed President John Williams both said on Tuesday that they expect two or three increases to U.S. rates this year, while Dallas Fed President Robert Kaplan said he will advocate for a rate hike at the Fed's upcoming policy meetings. "We've had hawkish comments from Fed officials overnight and a big move in...

  • TOKYO, May 18- Japanese government bonds edged down on Wednesday, largely shrugging off a better-than-expected gross domestic product report, while the Bank of Japan's purchases underpinned sentiment. The BOJ offered to buy 350 billion yen of JGBs in the one- to three-year zone, 440 billion yen of JGBs in the three- to five-year zone, and 450 billion yen of JGBs in...

  • SAO PAULO, May 17- State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday from a sale of five- and 10- year dollar-denominated bonds, in a closely watched return to global debt markets after the suspension of Brazilian President Dilma Rousseff. Investors have said Petrobras, which for years was Rousseff's main tool to enact policies that...

  • SAO PAULO, May 17- State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday from a sale of five- and 10- year dollar-denominated bonds, in a closely watched return to global capital markets after the suspension of Brazilian President Dilma Rousseff. Investors have said Petrobras, which was Rousseff's main tool to enact policies that helped...

  • NEW YORK/ CHICAGO, May 17- Fitch Ratings' announcement that it will pull its ratings on tobacco bonds sold by U.S. states and local governments was not shaking up the market for the high-performing debt on Tuesday. Billions of dollars of bonds are backed by money from U.S. tobacco companies under a 1998 master settlement agreement to compensate 46 states,...

  • NEW YORK, May 17- U.S. ratings agency Standard& Poor's on Tuesday cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status after the portfolio absorbed declining investment values and higher leverage in the last few months. As of March 31, Icahn Enterprises's LTV ratio was approximately 50 percent, S&P noted. "

  • NEW YORK, May 17- Short-dated U.S. Consumer Price Index rose 0.4 percent last month, the most since February 2013. After the data, yields on two- and three-year notes rose to their highest since April 28.

  • SAO PAULO, May 17- State-controlled Petróleo Brasileiro SA raised $6.75 billion on Tuesday through a sale of five- and 10- year dollar-denominated bonds, in a closely watched return to global capital markets after the suspension of Brazilian President Dilma Rousseff. Analysts and investors have said Petrobras, which for years was Rousseff's favorite tool...