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The populist 5-Star Movement of ex-comic Beppe Grillo asked President Napolitano for the mandate to form an Italian government.
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.
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.
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.
The euro zone's economic downturn has deepened this month, even before Cyprus's bailout debacle, a business survey showed on Thursday.
Rob Dobson, senior economist at Markit, tells CNBC the Euro Zone flash PMIs show the region is in a weak position with the contraction seen last quarter seemingly gathering momentum.
George Osborne, UK finance minister, tells CNBC that we should not let what is clearly a big problem for Cyprus, become a big problem for Europe.
Karen Cho takes you through the European market open where stocks have come in lower.
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, the world's second-biggest fashion retailer, posted a slightly bigger drop than expected in first quarter pretax earnings.
France's top administrative court has determined that the super tax on millionaires should not top two-thirds of earnings.
Brian Caplen, Editor of The Banker, tells CNBC that it is a step in the wrong direction for governments to dictate how much salaries people should be paid.
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.
Jon Spector, CEO of Conference Board, tells CNBC that across Europe and the US there needs to be a rebalancing of consumer expectations.
James Ashley, Senior Economist at RBC Capital Markets gives his analysis on the Cyprus situation and overall uncertainty in the euro zone.
Marios Maratheftis, Head of Macro Research, Standard Chartered says it's a taboo to touch bank deposits and that Cyprus cannot depend on Russia's help alone.
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.
Andre De Silva, Head of Asia-Pacific Rates at HSBC Global Research says significant flows from Japan's private sector investors towards Europe & EM have been detected.
Housing and jobs data will get a close look from traders Thursday, as they continue to dissect the latest comments from the Fed.
As investors monitor the situation in Cyprus, CNBC's Christine Tan spoke to Peter Sands, CEO of Standard Chartered about his views on the crisis in the Mediterranean.
The U.K. recovery remains fragile says BT chairman, Michael Rake, adding that weak investments and political instability continue to weigh.
BT chairman, Sir Michael Rake, tells CNBC that the group has improved its financial position and credibility by providing competition in the TV space.
CNBC's Julia Chatterley reports on the resignation of the Cypriot central bank governor, citing long-existing tensions between the governor and the government due to the handling of the island's bailout.