Ukraine is prepared to consider all options, Ukrainian Foreign Minister Andrii Deshchytsya told CNBC ahead of Sunday's referendum in Crimea.» Read More
Rich Chinese tourists are now looking to spend their mega bucks closer home, choosing Hong Kong and Singapore over London and New York to get their luxury fix, according to an HSBC report.
European shares opened lower on Wednesday as Italy's political impasse continues to shake markets.
Zachary Latif, managing director, TLG Capital Investments, explains to CNBC why he is short on peripheral banks but long on the sovereign side.
Tom Rogers, Senior Economic Adviser to the Ernst & Young says the overall funding environment for Europe's banks should recover in the second half of 2013 and will support the region's recovery.
European shares closed higher on Tuesday, led by the telecoms sector, which was boosted by new reports that Vodafone, the world's second largest mobile operator, could be bought.
Events like those in Cyprus will happen in more countries all over the world, said Marc Faber, contrarian investor and publisher of the Gloom, Boom & Doom Report.
Christian Gattiker, global investment strategist and head of research at Julius Bar, tells CNBC that investors should 'hang in there' as the European markets might still have a little to run.
Cyprus's finance minister resigned on Tuesday after concluding a 10 billion euro bailout deal with international lenders in which the country slashed its dominant banking sector and hit depositors with losses.
Italy's center-left leader Pier Luigi Bersani said on Tuesday his bid to form a government after last month's deadlocked election was over, after his failure to gather enough support.
Marie Diron, chief economic advisor at Ernst & Young, tells CNBC that 2013 will see the banks hit the bottom and set out their stall for a genuine recovery and return to growth in 2014 and beyond.
Tom Levinson, foreign exchange strategist at ICAP, and Alan Higgins, chief investment officer at Coutts, tell CNBC why the euro has a negative outlook but the investor outlook is surprisingly positive.
The president of Cyprus has accepted the resignation of the country's finance minister, reports CNBC's Michelle Caruso-Cabrera.
Liz Ann Sonders, Charles Schwab chief investment strategist; and Scott Minerd, Guggenhein Partners CEO & CIO, share their views on what's driving the upward trend in the markets.
Capital controls have restored a sense of calm in Cyprus. At best, this is a short reprieve if they are not followed by more fundamental decisions, according to Pimco's CEO.
CNBC's Kelly Evans reports European stocks shrugged off weak economic data and marched higher in today's market action.
The euro zone jobless rate was stable at 12.0 percent in February, the European Union statistics office Eurostat said on Tuesday, which could add pressure for an interest rate cut by the ECB.
French car registrations fell again in March as consumers, worried about the economy, maintained the wait-and-see attitude which has prevailed over the past 16 months.
Manufacturing across the euro zone fell deeper into decline in March, although the Cyprus bailout crisis has yet to take a toll on factory activity, a business survey showed on Tuesday.
Holger Schmieding, chief economist at Berenberg Bank, discusses euro zone data and says that while there is not much the ECB can do, policy makers should send a signal of confidence.
Analysts are questioning whether a group of economic "wise men" can save Italy from new elections.
Antoine Halff, head of oil industry and markets at IEA, says that the oil market is "concerned but quiet" on the developments in Ukraine, because the country is not a major transit area for oil.
Richard Hunter, head of U.K. equities at Hargreaves Lansdown, and Daniel Lacalle, senior portfolio manager at Ecofin, discuss the recent profit-taking in stock markets.
After hours of "candid and frank" discussions, Russia made it clear that it would not take any decisions on Crimea until after Sunday's referendum, while the U.S. reiterated it viewed this event as illegitimate, says U.S. Secretary of State John Kerry.