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INVESTMENT FOCUS-Another Argentina? Sovereign defaults could get messy

LONDON, Feb 19 (Reuters) - Argentina may be on the home straight of the marathon legal battle over the restructuring of its debts, but investors need to be wary that there are plenty of other strained countries that litigation-loving funds can swoop on if they want.

S&P warns it may cut Icahn Enterprises to junk status

BOSTON, Feb 19 (Reuters) - U.S. ratings agency Standard & Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status because the portfolio had suffered heavy losses in the last few months.

UPDATE 6-U.S. strikes Islamic State in Libya, killing 40 people

* Second US air strike in three months against IS in Libya (Adds White House comment, U.S. congressman statement, U.N. quote)

U.S. oil drillers cut rigs to least since Dec 2009 -Baker Hughes

Feb 19 (Reuters) - The number of oil rigs in the United fell for a ninth straight week to the lowest level since December 2009, data showed on Friday, as energy firms continued to cut spending amid the collapse in crude prices. Drillers cut 26 rigs in the week ended Feb. 19, bringing the total rig oil count to 413, oil services company Baker Hughes Inc said in its closely followed report.

Brazil orders release of senator in corruption probe

BRASILIA, Feb 19 (Reuters) - Brazil Supreme Court Judge Teori Zavascki on Friday ordered the release of ruling party Senator Delcidio do Amaral, who has been jailed since November and faces charges of obstructing a massive corruption investigation, a court representative said.

UPDATE 1-IMF's Lagarde says G20 should focus on policy spillovers

WASHINGTON, Feb 19 (Reuters) - IMF Managing Director Christine Lagarde said on Friday that G20 finance ministers and central bank governors should focus on global economic spillovers from their policy decisions when they meet in Shanghai next week.

Oil industry bet big on Jeb Bush for president, Reuters review shows. Now what?

Feb 19 (Reuters) - U.S. oil and gas executives bet big on 2016 Republican presidential candidate Jeb Bush - they donated more to his White House run than to all of his rivals combined, according to a Reuters review of campaign disclosures.

Higher prices hit Venezuela's pumps but fuel still cheaper than water

CARACAS, Feb 19 (Reuters) - Venezuela's 1989 fuel price hike helped spark riots that left hundreds dead, traumatized the country and spooked future presidents from touching the world's cheapest fuel.

IMF's Lagarde says G20 should focus on policy spillovers

WASHINGTON, Feb 19 (Reuters) - IMF Managing Director Christine Lagarde said on Friday that G20 finance ministers and central bank governors should focus on economic spillovers from their policy decisions when they meet in Shanghai next week.

Hawaiian Electric Cancels Contracts for Solar Power from Three SunEdison Projects

SunEdison Inc., the clean-energy developer that’s slumped 92 percent in the past year, fell so far behind on some solar farms that utility Hawaiian Electric Co. made the rare move to cancel its contracts to buy the output, saying it couldn’t wait any longer.

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