Bailouts
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LISBON, April 5- Portugal's constitutional court on Friday rejected four out of nine contested austerity measures in this year's budget in a ruling that deals a blow to government finances but is unlikely to derail reforms two years after the country's bailout.
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PARIS-- France has revised up the level of its deficit for the past two years, citing the deteriorating economy and a bank bailout. Finance Minister Pierre Moscovici said Friday that France missed its target because it gave struggling bank Dexia more money at the end of the year and growth was worse than expected.
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TOKYO, March 29- Japan's Nikkei share average rose on Friday, helped by improved risk appetite after the S&P 500 hit a record high and concerns about the Cyprus bailout receded, but poor factory data capped gains.
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*Cyprus crisis sends jitters through Slovenian debt market. TOKYO, March 29- The euro edged up on Friday but stayed near four-month lows against the dollar, beset by political deadlock in Italy and worries the huge losses suffered by Cypriot depositors as part of a bailout could unnerve investors in other euro zone debt.
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*Cyprus crisis shatters confidence in Slovenia. TOKYO, March 29- The euro hovered near four-month lows against the dollar on Friday, beset by political deadlock in Italy and worries huge losses Cypriot depositors have been forced to stomach as part of a bailout could unnerve investors in other euro zone debt.
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Discussing the uncertainty ahead for Cyprus, with Edward Yardeni of Yardeni Research and Michael Ozanian of Forbes Magazine.
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When the second quarter begins Monday, Jim Cramer thinks these three things could hurt stocks.
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*European shares rebound as Cyprus tensions ease. NEW YORK, March 28- Major stock markets recovered, with the benchmark S&P 500 stock index trading above its record closing high, and the euro edged off a four-month low on Thursday, as banks in Cyprus reopened to relative calm following the island's controversial bailout.
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*European shares rebound as Cyprus tensions ease. NEW YORK, March 28- Major stock markets recovered and the euro edged off a four-month low on Thursday, as banks in Cyprus reopened to relative calm following the island's controversial bailout.
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LONDON, March 28- Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
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*Signs of calm in Cyprus pare safe haven bids for bonds. Relative calm in Cyprus, where banks reopened under tight government control after they were shut for nearly two weeks and the island nation received a 10 billion euro bailout, diminished safe haven demand for low-yielding U.S. government debt. "
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LISBON, March 28- Portugal is facing a potential political crisis if its constitutional court rejects government austerity measures, risking more euro zone turmoil on top of the Cyprus bailout this month.
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*European shares rebound as Cyprus tensions ease. LONDON, March 28- European shares rebounded and the euro edged off a four-month low on Thursday after banks in Cyprus reopened to relative calm following the island's hard-won bailout.
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LONDON, March 28- Irish bonds are set to continue outperforming euro zone peers after topping the returns table in the first quarter while the political stalemate in Italy could mean more disappointment for its holders of its debt.
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David Owen, chief european economist at Jefferies, questions whether U.S. investors will continue to want to buy bonds from the euro zone following the Cyprus crisis, Portugal's appeal for a loan repayment extension and what he expects to be "a very turbulent period" in the coming months.
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Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout.
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Dionyssis Dimitrakopoulos, senior lecturer in politics at Birkberck College, University of London, says the Cyprus crisis has been badly handled and that the euro zone problem is that nobody thinks of the management of the common currency in the medium to longer term.
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*About 1,000 companies a month going bust in Spain and in Italy. MILAN/ MADRID, March 28- Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout this week.
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Shyam Devani, fx technical analyst at Citi, tells CNBC Cyprus has no choice but to impose capital controls as it can't devalue its currency. This crisis shows a lack of clarity, planning and leadership on a wider European scale, he said.
