CNBC's Hadley Gamble says that's it quite likely that a delay or refusal to allow Iran's nuclear programme to go forward will push Tehran and Moscow closer together.» Read More
Cyprus held last-minute talks with international lenders on Sunday as doubts grew about whether a deal could be reached to save the Mediterranean island.
Cyprus's bid to avert financial collapse will go down to the wire after the island said it would hold a crucial sitting of parliament only after finance ministers of the 17-nation euro zone meet on Sunday.
What's the next step for the island nations and how should investors prepare for it? Julian Callow, Barclays chief international economist, weighs in.
CNBC's Michelle Caruso-Cabrera reports lawmakers in Cyprus are working on a bailout plan after the country's finance minister failed to secure a funding deal from Russia.
CNBC's Michelle Caruso-Cabrera has the update on the financial crisis in Cyprus. And Wilbur Ross, WL Ross & Co. chairman & CEO, explains how overexposure to Greece helped create banking problems in Cyprus.
The tiny island state will have to look elsewhere for rescue help, reports CNBC's Steve Sedgwick.
CNBC's Michelle Caruso-Cabrera has the latest details on bailout talks in Cyprus. And, Gillian Tett, Financial Times columnist, explains how a growing rift between the European Union and Russia is keeping investors on edge around the globe.
As politicians in Cyprus scrambles to clinch a bailout deal to avert a collapse of its banking sector, Rosneft and BP finalized a deal to create the world's largest listed oil major, an agreement Rosneft's CEO hailed as "more important than the situation in Cyprus".
Jonathan Tepper, founder and chief editor of Variant Perception, says he remains bullish on Europe despite the press conference in Moscow not being "terribly insightful" and describing the Cyprus crisis as "a game of bluff".
CNBC's Karen Tso reports European markets are trading lower on Friday, as talks collapse between Russia and Cyprus.
CNBC's Steve Sedgwick grilled the president of the EU commission, José Manuel Barroso and the Russian prime minister, Dmitry Medvedev, on the relationship between Europe and Russia at a press conference in Moscow.
CNBC's Michelle Caruso-Cabrera reports the Cypriot finance minister has left Moscow without a major deal, while lawmakers now work on Plan C.
Antonio Garcia Pascual, chief southern european economist at Barclays says the German economy will perform fairly well throughout the year on the back of strong U.S. data, and that we should start seeing the improvement in next month's PMI and industrial production.
Steve Sedgwick tells viewers what his "dirty little secret" is to stay warm in Russia's icy temperatures.
Natalia Orlova, chief economist at Alfa Bank tells CNBC's Steve Sedgwick that Russian companies and banks were using Cyprus as a transit economy and that the Depositor Tax would damage the way they were doing business.
Pete Westin, chief equity strategist at Aton Aton tells CNBC's Steve Sedgwick that so many Russian companies have operations in Cyprus for tax reasons and an end to the agreement between Cyprus and Russia could have big implications for these companies.
Joseph Cheng, Professor, Contemporary China Research Project at the City University of Hong Kong discusses the common interests that link China and Russia, and what he thinks will be the outcome of their intended gas deal.
China's new leader Xi Jinping arrives in Russia on Friday for his first overseas trip, with an elusive gas deal expected to be high on the agenda.
Turkey could challenge any move by Cyprus to speed up offshore natural gas exploration as a way of attracting investment to save its economy, Turkish officials said.
For Cyprus—and for Europe—the clock is ticking, with the prospect of the eastern Mediterranean island exiting the euro zone or defaulting on its debt looming ever larger. Click ahead to see how the crisis has unfolded.