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LONDON, Feb 27- Copper edged up on Wednesday for a second day after confidence climbed in the euro zone and the U.S. Federal Reserve reassured investors about monetary stimulus, outweighing concerns about Italy's political deadlock.
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NEW DELHI, Feb 27- India is likely to hit a fiscal deficit target of 5.3 percent of GDP this year despite a significant shortfall in revenue, a government report said on Wednesday, a day before the budget, but it conceded economic growth would be a sluggish 5 percent.
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TOKYO, Feb 27- Japanese Prime Minister Shinzo Abe appears poised to raise the curtain on Act Three of his "Abenomics" drama with a decision to join talks on a U.S.-led free trade pact, seen by some as a test of his appetite for vital economic reform.
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*China may see slower growth in rubber imports this year. The financing deals, which have pushed rubber stocks in China to at least 3- year highs, are based on the expectation that China's economy will grow faster this year and traders who are in such deals would benefit from a rise in prices of rubber or other assets they invest in using the loans.
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NEW YORK, Feb 25- The euro slumped against the dollar and Japanese yen on Monday after exit polls from an election in Italy ignited fears about government instability and concerns about the country's economic trajectory.
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*Germany, Finland, others want banks to share cost of bailout. BRUSSELS/ NICOSIA, Feb 25- European policymakers are split over how to handle a bailout of Cyprus, with Germany and some other countries pushing for bank depositors to bear part of the cost and many other member states worried such a move will cause a bank run.
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LONDON, Feb 25- Copper rose on Monday after a six-day losing streak, helped by a weaker dollar, although slower growth of manufacturing activity in top consumer China, where post-holiday buying has yet to emerge, kept a cap on gains. China's HSBC flash purchasing managers' index for February slipped to a four-month low of 50.4 from January's final reading of 52.3.
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Cypriot president-elect Nicos Anastasiades faces weeks of difficult talks with foreign lenders on a financial rescue for the island nation after sweeping to a resounding victory in a run-off election on Sunday.
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*China's Feb HSBC flash PMI retreats from 2- year high. *Market eyes Italy election for indications on Europe situation.
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--Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Feb 25- The easing in the growth rate of HSBC's flash Purchasing Managers' Index for China is a signal to commodity markets not to get too far ahead of themselves. The flash PMI, the earliest indicator of China's economic health, retreated to 50.4 in February from a two-year high of 52.3 in January.
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SINGAPORE, Feb 25- Shanghai copper dropped to a two-month low on Monday, tracking weakness in the London market in the previous session on concerns over the pace of global economic recovery and the outlook for the U.S. *The most-traded copper contract on the Shanghai Futures Exchange fell nearly 1 percent to 57,210 yuan a tonne.
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South Korea's new president faces not only a hostile North Korea that seeks nuclear weapons but now new pressure on its exporters and growth prospects from neighboring Japan's yen devaluation.
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*Reform course in balance as Italy goes to polls. Will Italy elect a stable, reform-minded government? After a set of Fed minutes last week initially interpreted as hawkish, most economists expect Chairman Ben Bernanke to use an appearance before Congress to reaffirm that, in the words of St.
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NICOSIA, Feb 24- Cypriots voted on Sunday in a runoff to elect a president who must clinch a bailout deal before the island nation plunges into a financial meltdown that would revive the euro zone debt crisis.
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TOKYO, Feb 24- Japanese Prime Minister Shinzo Abe, who took over in December for a rare second stint in power, is concentrating squarely on the economy. MOODY'S: Aa3 with stable outlook.
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The budget is due to be presented to parliament on Wednesday for debate and likely amendments before it is subject to a parliamentary vote in the run up to Iran's election in June that will take place against the backdrop of deep economic gloom.
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*Japan, U.S. take step to bring Japan into trade pact talks. WASHINGTON, Feb 22- Japanese Prime Minister Shinzo Abe told Americans on Friday "I am back and so is Japan" and vowed to get the world's third biggest economy growing again and to do more to bolster security and the rule of law in an Asia roiled by territorial disputes.
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LONDON, Feb 22- Copper was almost flat on Friday, hovering near two-month lows, and heading for its biggest weekly loss in eight months, on concerns about the global economy, especially in Europe. Three-month copper on the London Metal Exchange was $7,883 per tonne at 1058 GMT, from $7,860 at the close on Thursday, when it hit its lowest since Dec. 24 at $7,813.50 a tonne.
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*Taiwan Q4 GDP +3.72 pct vs preliminary estimate +3.42 pct. TAIPEI, Feb 22- Taiwan raised its 2013 economic growth outlook slightly on Friday, as momentum picked up in the fourth quarter on stronger global demand, especially from its biggest trade partner China, and improving domestic consumption.
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SINGAPORE, Feb 22- Singapore's economic outlook brightened after fourth quarter growth was revised up substantially, with its young biomedicals sector contributing more to the economy than the electronics sector for the first time.
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