BRIEF-HNA Group reports 25 pct stake in Park Hotels & Resorts
* HNA Group Co Ltd reports 25 percent stake in Park Hotels & Resorts Inc as of March 15, 2017 - SEC filing Source: (http://bit.ly/2oevTFJ) Further company coverage:
NEW YORK May 10 U.S. prime money market funds slightly increased their holdings of euro zone bank debt in April after Cyprus received a bailout to manage its bank problems, according to a report by JPMorgan Securities released on Friday.
The report showed the funds raised their ownership of euro zone securities by $3 billion to $206 billion last month, led by modest pickups in German and French bank debt that included commercial paper, repurchase agreements and time deposits.
In March, these funds slashed their holdings in euro zone bank debt by $44 billion, which was the largest monthly decline since last June.
Renewed purchases in euro zone paper in April brought prime funds' exposure to the region up by $4 billion since end of December 2012, JPMorgan said.
* HNA Group Co Ltd reports 25 percent stake in Hilton Worldwide Holdings Inc as of March 15 - SEC filing