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  • Russia Aid Not Likely for Cyprus: Eurogroup Chief Thursday, 21 Mar 2013 | 6:00 AM ET
    Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem

    The Dutch finance minister and new head of the Eurogroup of finance ministers, Jeroen Dijsselbloem, told CNBC that he was confident that an agreement could be found for Cyprus, but Russia might not be the source of the solution.

  • Osborne Defends $5.3 Billion Housing Stimulus Thursday, 21 Mar 2013 | 5:51 AM ET
    Chancellor of the Exchequer George Osborne walks out before presenting his annual budget to Parliament at 11 Downing Street on March 20, 2013 in London

    The U.K.'s newly announced "right to buy" scheme will not fuel a potentially dangerous housing bubble similar to that seen in the subprime mortgage crisis in the U.S., the U.K.'s Finance Minster George Osborne told CNBC on Thursday.

  • UK Needs ‘Monetary Realism’: Ex-BoE Official Thursday, 21 Mar 2013 | 5:40 AM ET
    The Bank of England

    The Bank of England (BoE) may have been given the green light to use "unconventional monetary policy instruments", but it actually needs to engage in some monetary policy "realism", Andrew Sentance, senior economic advisor at PwC, told CNBC.

  • Euro Zone Downturn Deepening, Even Before Cyprus Thursday, 21 Mar 2013 | 5:06 AM ET
    The Euro Zone Is ‘Shaping Up Quite Well’: Think Tank

    The euro zone's economic downturn has deepened this month, even before Cyprus's bailout debacle, a business survey showed on Thursday.

  • Hermes Posts Record Margin, Beats Forecasts Thursday, 21 Mar 2013 | 3:36 AM ET
    Forth & Towne opened four stores in the Chicago area today including this one in Skokie, looking to provide the 35-year-old-plus woman with fashionable, fitting clothing as well as accessories.

    Hermes said operating margin last year reached its highest level since they listed in 1993 on robust demand for its hand-crafted leather goods and printed silk scarves.

  • H&M Speeds Up Expansion Despite Profit Miss Thursday, 21 Mar 2013 | 3:20 AM ET

    H&M, the world's second-biggest fashion retailer, posted a slightly bigger drop than expected in first quarter pretax earnings.

  • Medvedev Lambasts EU Over Cyprus Levy Thursday, 21 Mar 2013 | 2:26 AM ET

    Russian prime minister Dmitry Medvedev has lambasted the EU's handling of the Cyprus debt crisis, comparing a plan for a levy on bank deposits to measures that hurt savers under the Soviet Union, the Financial Times reports.

  • Cyprus Shuts Banks Until Tuesday, Seeks Russia Aid Wednesday, 20 Mar 2013 | 1:21 PM ET
    Michalis Sarris, the Cypriot minister of finance

    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.

  • Lufthansa Cancels More Than 500 Flights Due to Strike Wednesday, 20 Mar 2013 | 12:12 PM ET
    Passengers wait in front of a Lufthansa counter in Hamburg, northern Germany during a 2012 walkout.

    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.

  • Credit Rating Fears Return as UK Growth Slashed Wednesday, 20 Mar 2013 | 10:31 AM ET

    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.

  • 'We Will Be Slaves for Russia': Cypriots Warn Wednesday, 20 Mar 2013 | 10:27 AM ET

    Cyprus's citizens are facing up to a very uncertain future, with one Cypriot telling CNBC: "We are not like Greeks."

  • IMF Chief Lagarde's Paris Home Searched by Police Wednesday, 20 Mar 2013 | 10:02 AM ET
    Christine Lagarde, managing director of the International Monetary Fund

    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.

  • Cyprus Shambles First Sign Euro Is Unwinding: Expert Wednesday, 20 Mar 2013 | 6:41 AM ET
    the headquarters of the European Central Bank (ECB) in Frankfurt, Germany

    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.

  • Italian President Seeks Way Out of Political Stalemate Wednesday, 20 Mar 2013 | 6:08 AM ET
    Beppe Grillo

    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.

  • UK Jobless Claimant Count at Lowest Since June 2011 Wednesday, 20 Mar 2013 | 5:42 AM ET
    People look at pieces of paper with job openings

    The number of Britons claiming unemployment benefit fell in February to a 20-month low, official data showed on Wednesday.

  • Russia-Cyprus Talks: Maybe More Than a Loan Deal Wednesday, 20 Mar 2013 | 5:31 AM ET
    Cyprus Finance Minister Michael Sarris

    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.

  • Cyprus Church to the Rescue Wednesday, 20 Mar 2013 | 5:14 AM ET
    Premium: Archbishop Chrysostomos II

    The head of Cyprus' influential Orthodox church, Archbishop Chrysostomos II, says he will put the church's assets at the country's disposal to help pull it out of a financial crisis.

  • Emerging Market Switch Could Boost Greek Stocks Wednesday, 20 Mar 2013 | 4:04 AM ET

    A switch from developed to emerging market stock indices could rekindle demand for Greek shares.

  • Cyprus Furor Is Rocky Start for New Dutch 'Mr Euro' Wednesday, 20 Mar 2013 | 3:42 AM ET
    Newly elected Eurozone President and Dutch Finance Minister Jeroen Dijsselbloem attends an Eurogroup meeting.

    For Jeroen Dijsselbloem, the new face of the euro zone, a furor over a decision to hurt savers in Cyprus has been a baptism of fire in his role as chairman of the Eurogroup of finance ministers of the currency area.

  • EU Lawmakers to Close Deal on Banker Bonuses Wednesday, 20 Mar 2013 | 2:34 AM ET

    European Union lawmakers are expected to agree on Wednesday to bar bankers in Europe from getting bonuses bigger than their salary.