A gun attack in east Ukraine at the weekend threatens to derail a peace deal to prevent a broader conflict in the region, analysts say.» Read More
The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system.
Cyprus is working to secure a bailout, with CNBC's Michelle Caruso-Cabrera; and how this is impacting the rest of the world, with Gary Shapiro, Consumer Electronics Association CEO; Larry McDonald, Newedge; and Dan Greenhaus, BTIG.
Michael Woolfolk of Bank of New York Mellon explains why equity and currency markets remain vulnerable as investors have not fully priced in the perfect storm scenario for Cyprus.
Douglas Rediker, Visiting Fellow at Peterson Institute for International Economics, explains why he thinks it's too late for Russia to play the role of white knight for Cyprus.
CNBC's Michelle Caruso-Cabrera reports on the latest details of Cyprus' bailout negotiations; and discussing the chances the Dow could hit 18,000 by the end of 2014, with the "Fast Money" traders and Jeremy Siegel, University of Pennsylvania Wharton School Finance.
Central bank of Cyprus urges resolution to the banking crisis, reports CNBC's Michelle Caruso-Cabrera.
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.
The banks are still closed in Cyprus but the ATM lines are growing, reports CNBC's Michelle Caruso-Cabrera.
Russian state oil company Rosneft closed its deal to buy TNK-BP from UK-based BP and four tycoons on Thursday, releasing $40 billion cash to the sellers and becoming a bigger oil producer than Exxon Mobil.
Riccardo Monti, president of Italian Trade Promotion Agency, tells CNBC that as Italians traditionally do best in the most difficult situation, he expects Italy to form a government in the near future.
Simon Hayes, chief UK economist at Barclays, tells CNBC that the level of UK debt is far too high, and is set to rise still further after Wednesday's budget.
Ana Armstrong, CEO of Armstrong Investment Managers LLP and David Kelly, chief global strategist at JP Morgan Funds, tell CNBC why the markets are steady despite the crisis surrounding Cyprus.
Cash-strapped banks in Cyprus should be restructured, banking expert Adam Lerrick of the American Enterprise Institute told CNBC.
German markets watchdog Bafin is set to tell Deutsche Bank of "organizational flaws" in how it supervised its contribution to setting Libor rates, sources familiar with the investigation said.
Jeroen Dijsselbloem, Dutch finance minister and head of the Eurogroup, tells CNBC that a contribution from the Cypriot side is inevitable as Cyprus would not be able to pay back a bigger Euro Zone programme.
CNBC's Kelly Evans reports data from Germany showed a slowing of business activity in March, sending the euro lower against the dollar on the news.
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.
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Jan Dunning, CEO of St Petersburg-headquartered hypermarket chain Lenta, says the situation in Ukraine has had no impact on the group, as consumer confidence remains unaffected in Russia.
Vincent Deluard, European strategist at Ned Davis Research Group, says the strong euro is a problem for the region's companies, especially for the large exporters.
European shares closed higher on Thursday as investors brushed aside concerns regarding Ukraine and focused instead on Wall Street earnings and the latest U.S. jobs data.