Cyprus' president has asked euro zone leaders for a complete revamp of his country's 10 billion euro ($13.4 billion) bailout, the Financial Times reports.» Read More
*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.
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.
*China's Feb HSBC flash PMI retreats from 2- year high. *Market eyes Italy election for indications on Europe situation.
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.
*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.
ROME, Feb 24- Italians began voting on Sunday in one of the most closely watched elections in years, with markets nervous about whether it will produce a strong government to pull Italy out of recession and help resolve the euro zone debt crisis.
NEW YORK, Feb 22- U.S. investors face another Washington- imposed deadline on government spending cuts next week, but it's not generating the same level of fear as two months ago when the "fiscal cliff" loomed large.
MADRID, Feb 22- A bleaker-than-expected economic outlook from the European Commission on Friday will add pressure on Spanish Prime Minister Mariano Rajoy to review economic policy over the rest of his term, economists and European sources say.
*Spain misses structural and nominal deficit targets. BRUSSELS, Feb 22- The euro zone will not return to growth until 2014 and struggling Spain and France will be among those who miss debt-cutting targets as a result, the European Commission said on Friday. Paris and Lisbon said they would seek more time from Brussels to reach their deficit goals.
Italians vote on Sunday and Monday for a successor to Mario Monti's technocrat government whose austerity policies saved Italy from a Greek-style debt crisis but did nothing to pull it out of deep recession.
*Italy is Europe's second biggest manufacturer. Italy is trying to compete with Vietnam on costs. But Italy is the Vietnam of research.
NICOSIA, Feb 22- The European Commission on Friday slashed its economic outlook for cash-starved Cyprus, doubling its recession forecast for the tiny Mediterranean nation in desperate need of a financial bailout.
*Spain misses structural and nominal deficit targets. BRUSSELS, Feb 22- Most euro zone countries will reduce their budget deficits this year even though the recession in the single currency area is likely to continue but some, like Spain, will badly miss agreed targets, European Commission forecasts showed on Friday.
LONDON, Feb 22- The euro rose to a session high versus the dollar on Friday after better-than-expected German sentiment data added to expectation that Europe's largest economy was unlikely to tip into recession.
*Weak UK economy, risk of ratings downgrade also weigh. LONDON, Feb 22- Sterling pulled away from a two-and-a-half year low against the dollar on Friday as it rebounded after recent sharp falls, although the prospect of more monetary easing left it vulnerable.
*Exports fall 2.0 percent in Q4 amid weakness in euro partners. BERLIN, Feb 22- A plunge in exports drove a contraction in German gross domestic product in the fourth quarter, offsetting support from domestic demand, and highlighting the vulnerability of Europe's largest economy to weakness in its euro zone trading partners.
*Tremonti is PM-candidate for Northern League. ROME, Feb 22- Italy's national election this weekend will produce a weak, unstable and probably short-lived government, former economy minister Giulio Tremonti said on Friday.
TOKYO, Feb 22- The dollar stayed near a 5-1/ 2- month high against a basket of currencies on Friday, helped by doubts over just how long the U.S. The dollar's gains came as the euro tumbled to a six-week low against it and a three-week trough against the yen, on disappointing euro zone economic data and uncertainty ahead of Italy's election this weekend.
Silvio Berlusconi's resurgence and the rise of a foul-mouthed populist comedian have thrown Italy's weekend election wide open, with deep uncertainty over whether the poll can produce a positive outcome.
NEW YORK, Feb 21- Major stock markets fell for a second day and the euro slid to a six-week low against the U.S. dollar on Thursday after data showed weak economic growth in both Europe and the United States.