*Pakistan's financing needs estimated at $6 bln- 9 bln. LAHORE, Pakistan, May 24- Pakistan's new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a senior policy adviser said on Friday.
LONDON, May 24- Bund futures hit two-month lows on Friday after the German Ifo business survey beat forecasts, although the grim outlook for the euro zone economy limited losses. However, the euro zone as a whole was still expected to contract further, keeping the European Central Bank inclined to ease monetary policy later this year, analysts said.
WASHINGTON-- A jump in volatile commercial aircraft demand likely boosted U.S. orders for long-lasting manufactured goods in April. The Commerce Department will release the report at 8:30 a.m. EDT Friday. Economists at JPMorgan Chase believe the investment category will decline 0.5 percent in the April report.
BERLIN, May 24- German business morale improved far more than expected in May, rebounding after two months of falls and suggesting Europe's largest economy is slowly picking up speed after a sluggish first quarter. The Munich- based Ifo think tank said on Friday its business climate index, based on a survey of some 7,000 firms, rose to 105.7 in May from 104.4 in April.
*Cuts 2013 GDP forecast from 3.59 pct. TAIPEI, May 24- Taiwan slashed its 2013 economic growth outlook on Friday, showing deepening concern that lacklustre global demand is crimping pivotal tech exports to China and the U.S. The situation in Europe will not improve in short term, and there is still concern over the growth momentum of China and the U.S. economies.
In the space of five months, analysts have swung from confidently predicting a modest pick-up in the world's second-biggest economy to pondering the chance that China will miss its own 7.5 percent growth target this year. "Yes, the 7.5 percent target is under threat," said Ken Peng, an economist at BNP Paribas in Beijing.
*Index reaches 6.5 in June, highest since Sept 2007. BERLIN, May 24- Higher real wages have German consumers feeling more inclined to spend than at any point since the U.S. subprime crisis, further boosting German recovery hopes and brightening the outlook for the euro zone.
*Japan, Europe tumble after weak data from China, euro zone. Overseas shares ended sharply lower, closing before U.S. equities staged a late-day recovery, pressured as weak data in Europe and China underlined the uncertain growth outlook.
CARACAS, May 23- Venezuela is slipping into high inflation and economic stagnation this year due to a shortage of hard currency and a decade-long weakening of domestic industry, the head of the country's main business group Fedecamaras said.
ADDIS ABABA, May 23- Ethiopia's huge public spending has created one of Africa's fastest-growing economies, but volatile inflation, balance of payments pressures and a stifled private sector raise questions over its sustainability, the International Monetary Fund said.