Death and desperation mounted in Europe's migrant crisis Friday as Austrian police said 71 people appeared to have suffocated in the back of an abandoned truck, while an estimated 200 people were feared drowned off Libya when two overloaded boats capsized.» Read More
Cyprus plans to contact international lenders on Monday evening to invite them to the island for final talks on a comprehensive aid package for the Greece- exposed island, officials said.
It appears the fight is no longer about whether both of Cyprus large banks will get smaller — they will. The only question is how. Bankers, politicians, and bureaucrats are throwing around all kinds of bank restructuring phrases.
The assessment of officials and bankers on the Mediterranean island suggest the bulk of the billions of euros of Russian money in Cyprus comes from smaller firms and middle-class savers, and not the super-wealthy.
The Cypriot parliament adopts a law creating a fund to pool state asset, with CNBC's Michelle Caruso Cabrera.
Cyprus is expected to take some dramatic measures this weekend to secure an EU bailout, including approving some type of tax on big savers.
Cyprus is facing a potential financial collapse. CNBC's Michelle Caruso-Cabrera reports the EU is demanding that both big Cypriot banks get smaller.
Fitch ratings agency warns that they may cut the UK's AAA credit rating due to the country's deep economic problems.
Cyprus' lawmakers geared up to vote on a series of bills put forward in a renewed effort to strike a bailout deal with European partners on Friday after talks with Russia collapsed.
Cash may not be the only thing in short supply in Cyprus, with CNBC's Michelle Caruso-Cabrera and Jeff Saut, Raymond James.
Gold retreated but is poised for a third weekly gain, reports CNBC's Sharon Epperson.
The Cypriot Parliament is preparing to vote on another bailout plan, reports CNBC's Michelle Caruso-Cabrera; and Russia's been a big player in the Cyprus drama, with CNBC's Steve Sedgwick. Also, a look at Slovenia's economy, with CNBC's Simon Hobbs.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the latest in Cyprus, and a rally in European bond markets.
Ronnie Chopra, head of strategy at Tradenext, tells CNBC that investors should be careful as the market gets carried away on a wave of positive news from the U.S. and ignores potentially dangerous European problems.
Ross Westgate takes you through the European market close where stocks have closed flat.
With Europe locked in a multi-billion-dollar game of chicken with Cyprus, markets Friday were watching closely to see which side would blink first.
Peter Attard Montalto, emerging market economist at Nomura International, tells CNBC that Slovenia's fiscal situation is quite different to Cyprus, despite the fact it may too be forced to ask for a bailout.
The solution to the crisis in Cyprus is very simple: let the troubled banks fail.
Takis Phidias, acting CEO of Laiki Bank, tells CNBC that the proposed Cypriot resolution will hand 'tremendous powers' to the national bank in an attempt to deal with the country's huge financial problems.
Simon Derrick, chief currency strategist at BNY Mellon, tells CNBC that the market's steady response to Cyprus is reminiscent of its movement as the first Greek crisis loomed large in 2010.
Italian parties reacted skeptically on Friday to center-left leader Pier Luigi Bersani's call for a government backed by all political forces, complicating efforts to end the stalemate left by last month's election.
Get the best of CNBC in your inbox
James Eden, owner of Private White VC, talks about the U.K. clothing and fashion indsutry.
Michael Dunkley, premier of Bermuda, discusses the country's economy and tax system.
Fredrik Nerbrand, head of global asset allocation at HSBC, discusses stock markets and oil's rally.