France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.» Read More
*Prospect of fresh Italy elections grows. NEW YORK, March 4- The euro hovered near a 2-1/ 2- month low against the dollar on Monday, pressured by political uncertainty in Italy and expectations the European Central Bank will cut interest rates sooner than previously anticipated.
*Euro zone to commit to Cyprus bailout by end-March. BRUSSELS, March 4- Euro zone finance ministers aim to reach a deal on bailing out Cyprus by the end of the month, but details of how the rescue will be financed will only be sorted out in the coming weeks, senior officials said on Monday.
NEW YORK, March 4- The euro remained near a 2-1/ 2- month low on Monday on rising expectations that euro zone economic worries will push the European Central Bank to cut interest rates sooner than previously anticipated.
LONDON, March 4- The euro fell on Monday on growing belief that euro zone economic worries could prompt the European Central Bank to cut interest rates sooner than previously expected. Data on Monday showed euro zone sentiment tumbled in March on renewed political uncertainty in Italy.
LONDON, March 4- The euro fell against the dollar on Monday as a stream of weak euro zone economic data in recent days fuelled speculation the European Central Bank could cut interest rates sooner than previously expected.
*Ministers meet to discuss Cyprus, no decision until late March. *Around 1.6 bln euros left Cyprus in Jan. after talk of depositor losses. BRUSSELS, March 4- Euro zone finance ministers will discuss how to fund a bailout of Cyprus on Monday with differing views on whether to make bank depositors pay a share of the cost.
LONDON, March 4- The euro fell against the dollar on Monday as concerns about the weak euro zone economy fuelled speculation the European Central Bank could cut interest rates in the coming months.
BRUSSELS, March 4- European policymakers should be asking themselves "who lost Italy" after a grassroots revolt against austerity, unemployment and the political elite caused an electoral earthquake in the euro zone's number three economy.
As central banks in Europe edge closer to deciding that their flagging economies need yet more monetary stimulus, they cast an envious eye towards China.
*U.S. crude dips below $90 a barrel level. NEW YORK, March 4- U.S. oil futures fell below $90 a barrel for the first time this year on Monday, declining for a third consecutive session in reaction to slowing growth in China and indicators that oil markets are amply supplied.
TOKYO, March 4- Japanese government bonds rallied on Monday, pushing the benchmark 20- year yield to seven-month low, on expectation of aggressive monetary easing by the Bank of Japan and on concerns U.S. spending cuts could hurt global growth.
TOKYO, March 4- Asian shares eased on Monday, with sentiment hurt by a patchy global growth outlook and weak data from Europe, but losses were limited as robust U.S. economic figures overshadowed worries about automatic spending cuts hurting the U.S. economy.
LONDON, March 3- As central banks in the euro zone and Britain edge closer this week to deciding that their flagging economies need yet more monetary stimulus, they can be forgiven for casting an envious eye towards China. China, the biggest contributor to global growth in recent years, has plenty of headaches of its own, of course.
Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.
From the firm's base in Birmingham, it carved out new markets in the Middle East, Asia and even Italy for its cappuccino and espresso machines which it proudly stamps with the British flag.
*OPEC crude exports rose in Feb- Reuters survey. NEW YORK, March 1- Brent crude prices fell to a six-week low below $110 per barrel on Friday, erasing all gains so far in 2013 as political gridlock in Washington triggered automatic U.S. budget cuts, feeding fear about the economy in the world's largest oil consumer.
In the United States, rising demand lifted the Institute for Supply Management's factory purchasing managers index to its highest level since mid-2011, helping the sector regain some of the momentum lost in the second half of last year.
LONDON, March 1- Crude oil slipped to a six-week low below $110 per barrel on Friday, weighed down by growth worries as political gridlock brought the prospect of massive U.S. government spending cuts and on disappointing European industrial data.
*Washington close to taking first steps on $85 billion in cuts. NEW YORK, March 1- The euro tumbled to a 2013 low against the U.S. dollar on Friday while the dollar rose to a six-month high against a basket of currencies as weak euro zone data highlighted a growing economic disparity with the United States.
*Rate differentials move in favour of United States. LONDON, March 1- The dollar rose to a six-month high against a basket of currencies, buoyed by sharp gains against the euro on growing evidence the U.S. economy is picking up even as the euro zone struggles.