The Cyprus bailout chaos serves as a stark reminder that fundamental issues in the world economy are not yet fixed, said CEO of Standard Chartered Bank Peter Sands.
Announcing the U.K. budget, Chancellor George Osborne disappointed those who wanted to see a big change in the Bank of England's mandate. The pound strengthened a bit as a result, but I don't think those who are waiting to see it weaken will be disappointed for long.
British finance minister George Osborne has laid the groundwork for a partial revamp at the Bank of England when new Governor Mark Carney arrives in July.
British finance minister George Osborne turned to the Bank of England on Wednesday to do more to help spur the country's stagnant economy as he announced a halving of the 2013 growth forecast.
The "London Whale" risky trades involving JPMorgan is not going to spell the end of big American banks, according to Paul Volcker, former chairman of the U.S. Federal Reserve.
Cyprus and Russia resumed talks Thursday to strike a deal that could include cooperation on banking and natural gas reserves, the Cypriot finance minister said.
Cyprus does not pose a threat to the US economy, and there are no signs of stock market bubble, Fed Chairman Ben Bernanke said Tuesday after the Fed said it would keep interest rates low.
The Cypriot government is considering capital restrictions if banks reopen on Thursday, a senior government official told Reuters as negotiations between the country and Russia over financial assistance continue in Moscow.
Germany's Lufthansa has cancelled more than 500 flights after German union Verdi called on 33,000 workers at the company to go on strike on Thursday over a wage dispute.
Eric Schmidt said he regrets coming to the social media revolution late during his ten years as Google's CEO.
A downward revision for U.K. growth reignited fears on Wednesday that the country's credit rating could once again be downgraded as finance minister George Osborne's budget statement failed to inspire confidence.
Cyprus's citizens are facing up to a very uncertain future, with one Cypriot telling CNBC: "We are not like Greeks."
French authorities searched the Paris flat of IMF chief Christine Lagarde as part of an investigation into her handling of a 2008 compensation payment to a businessman supporter of ex-president Nicolas Sarkozy, her lawyer said.
The EU strong-armed the government of Cyprus to shut down its financial system, Athanasios Orphanides, former governor of the Central Bank of Cyprus, told CNBC.
Who would have thought that what caused the next crisis would be a hamfisted piece of pure theft that proves once again that EU governments have a zero understanding of finance and what makes markets work, writes Moorad Choudhry.
Deutsche Bank cut its previously reported 2012 pretax profit by 600 million euros, hit by new charges related to mortgage-related lawsuits and other regulatory investigations.
Giorgio Napolitano began consultations with political leaders to try to find a way of forming a government after the deadlocked election which left no party with a majority in parliament.
The Bank of England is worried about further sterling weakness and remains at an impasse over providing more support for Britain's stagnant economy, minutes of its March 6-7 policy meeting showed on Wednesday.
The number of Britons claiming unemployment benefit fell in February to a 20-month low, official data showed on Wednesday.
Cyprus's finance minister, Michael Sarris, has told CNBC that talks with Russia are "looking beyond" a loan extension, adding to speculation that Russia could come to Cyprus's financial aid.
Bitcoin fans learnt that one of the virtual currency's exchanges will enforce customer verification checks from Thursday.
Google is challanging Apple's iPhone with MotoX, the FT reports.
The recent move by the Swiss government to allow banks to sidestep secrecy laws won't prevent them from depositing money in the country.
Dolly Parton has formally opened the doors of the latest addition to her growing Dollywood theme park empire, the "DreamMore" resort.
Tania Bryer speaks to fashion designer Diane von Furstenberg about her extraordinary life.
In part two, designer Diane von Furstenberg talks to Tania Bryer about starting again in the fashion business.