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  • NEW YORK, Feb 29- Argentina and its main holdout creditors on Monday reached a $4.653 billion agreement in principle to settle a sovereign debt default dispute that has lasted 14 years in a move that could help to revive the country's economy. "The Agreement in Principle is subject to approval by the Congress of Argentina and, specifically, the lifting of the Lock...

  • LONDON, Feb 29- Hedge funds are turning more positive about the outlook for crude oil prices, according to the latest positioning data from regulators and exchanges. Hedge funds and other money managers held a combined net long position in the three main crude oil futures and options contracts amounting to 383 million barrels on Feb. 23. The net long position in...

  • *Futures down: Dow 43 pts, S&P 4.5 pts, Nasdaq 17.25 pts. Feb 29- U.S. stock index futures fell on Monday as investors worried about the Federal Reserve pressing ahead with its plan to raise interest rates this year. *Wall Street closed lower on Friday, after a rally earlier in the week lost steam.

  • NEW YORK, Feb 29- Highly-leveraged U.S. energy companies are struggling to carry out debt swaps as part of their survival strategy because plummeting oil and gas prices make investors either avoid such deals or demand tougher terms. "Investors are less desperate now since they've already taken a lot of the pain," said Roopesh Shah, global chief of Goldman Sachs'...

  • TOKYO, Feb 29- Japanese government bonds were broadly firmer on Monday, while the benchmark note was steady ahead of the next day's 10- year JGB sale. The Ministry of Finance will auction 2.4 trillion yen of 10- year JGBs on Tuesday. Earlier on Monday, the BOJ offered to buy 400 billion yen of 1- to 3- year JGBs, 420 billion yen of 3- to 5- year JGBs, 260 billion yen of 10- to...

  • *U.S. stock futures down 0.5 pct, mainland China shares tumble. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.6 percent and appeared likely to post its second consecutive month of losses, with a 1.2 percent drop so far this month. European shares are expected to follow Asia's lead, with spread betters looking to a fall of up to 0.5 percent each...

  • TOKYO, Feb 29- Japanese fund managers trimmed overall stock allocations while increasing exposure to bonds in their model portfolios for February as risk aversion gripped global markets, a Reuters survey found on Monday. With yields of benchmark government bonds such as Japanese and UK debt sinking to record lows on investor flight-to-quality in the month,...

  • Feb 27- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from investments and derivatives. Net income rose to $5.48 billion, or $3,333 per Class A share, from $4.16 billion, or $2,529 per share, a year earlier. Quarterly operating profit rose 18...

  • WILMINGTON, Del., Feb 26- A bondholder lawsuit against Caesars Entertainment Corp, which the casino company has warned could plunge it into bankruptcy alongside its operating unit, was stayed by a U.S. The bondholders sued in New York because they believe the parent company guaranteed the bonds, which were issued by the now-bankrupt Caesars Entertainment...

  • *Treasury sees weak demand for $28 bln seven-year debt. NEW YORK, Feb 26- U.S. Inflation was "stronger than expected," said Lou Brien, a market strategist at DRW Trading in Chicago.

  • BOSTON, Feb 26- The Collins Alternative Solutions Fund, a mutual fund that offered hedge fund strategies to retail investors, has been shut down after suffering a double-digit decline in 2015 and falling more this year. "The board concluded that it would be in the best interests of the fund and its shareholders that the fund be closed and liquidated," Collins...

  • US TREASURY YIELDS INCREASE AFTER SEVEN-YEAR NOTE AUCTION, SEVEN-YEAR YIELDS RISE TO 1.55 PERCENT.

  • BOSTON, Feb 26- The Collins Alternative Solutions Fund, a mutual fund that offered hedge fund strategies to retail investors, was shut down after suffering double-digit losses in 2015 and falling more this year. "The board concluded that it would be in the best interests of the fund and its shareholders that the fund be closed and liquidated," Collins Capital said...

  • NEW YORK, Feb 26- A top Federal Reserve official on Friday strongly defended the central bank's efforts to guide expectations on interest rates, saying that while so-called forward guidance is a blunt tool, it is powerful. John Williams, president of the San Francisco Fed and one of three policymakers charged with shaping the central bank's communications...

  • US TREASURY YIELDS RISE ON STRONG CONSUMER SPENDING DATA, 10- YEAR YIELDS INCREASE TO 1.78 PERCENT.

  • NEW YORK, Feb 26- U.S. Stocks rose as G20 policymakers meeting in Shanghai sought to find common ground on how to reboot a struggling global economy in the face of renewed financial and political risks, while oil prices were on track for their first weekly gain in a month. "We got some pretty surprising GDP data, an upward revision, and not too many people had pegged that,"...

  • US 30- YEAR TREASURY BONDS EXTEND PRICE LOSSES TO A FULL POINT, YIELDS INCREASE TO 2.646 PERCENT.

  • Feb 26- U.S. stock index futures extended gains on Friday after data showed the economy grew at a 1 percent pace in the fourth quarter, higher than the 0.7 percent pace reported last month. Futures snapshot at 8:30 a.m. ET:. *Dow e-minis were up 109 points, or 0.65 percent, with 37,729 contracts changing hands.

  • Feb 26- U.S. stock index futures were higher on Friday ahead of the release of U.S. gross domestic product numbers and as China reiterated that it would not devalue its currency again but look at other means to support its economy. *Global stocks rose as G20 leaders huddled for a two-day summit in Shanghai to find ways to kickstart growth in the global economy.

  • NEW YORK, Feb 26- A new type of investment fund starts trading on Wall Street on Friday amid hope from backers that it could become big enough to supplant traditional mutual funds. "It's a whole new infrastructure," said Peter Gau, a spokesman for Nasdaq Inc, where the new fund trades. The first NextShares will be managed by Charles Gaffney, who also manages the Eaton...