Foreign ministers will try to defuse the Ukraine crisis on Thursday but will risk being upstaged by Russian President Vladimir Putin.» Read More
Cyprus and Russia resumed talks Thursday to strike a deal that could include cooperation on banking and natural gas reserves, the Cypriot finance minister said.
Lee Buchheit, Partner at Cleary Gottlieb Steen & Hamilton, also known as the go-to expert for debt-ridden nations, shares the feedback on his plan B for Cyprus.
The Cypriot finance minister is in Russia today to sort out the economic woes. CNBC's Steve Sedgwick has the details.
Analysts say that gold will stay in demand until the Cyprus crisis is resolved, reports CNBC's Sharon Epperson.
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.
Andrew Balls, head of European portfolio management at PIMCO, tells CNBC why the market is interpreting Cyprus as a containable issue, and isn't alarmed about any possible repercussions for other euro zone countries.
CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the homebuilders are rallying in the UK, and the movement in banks on the Cyprus crisis.
European Market closes higher on the hope of a deal between Cyprus and Russia.
Lord Digby Jones, UK business ambassador, tells CNBC that the removal of a 'tax on jobs' in the budget will benefit 400,000 small business in the UK enormously.
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.
Alan Clarke, UK and euro zone economist, Scotiabank, tells CNBC that the Cyprus situation is very much a domestic issue and given Cyprus's small economy, it won't put southern euro zone countries under stress.
CNBC's Rick Santelli talks to Yra Harris, Praxis Trading, about the EU's "bonehead" stance on Cyprus, and why he's keeping an eye on the Fed's forecast and Jeremy Stein's vote.
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.
Cyprus's citizens are facing up to a very uncertain future, with one Cypriot telling CNBC: "We are not like Greeks."
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.
The EU strong-armed the government of Cyprus to shut down its financial system, Athanasios Orphanides, former governor of the Central Bank of Cyprus, told CNBC.
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.
Deutsche Bank cut its previously reported 2012 pretax profit by 600 million euros, hit by new charges related to mortgage-related lawsuits and other regulatory investigations.
CNBC's Kelly Evans reports major indexes moved into positive territory as investors watch to see if Russia will strike a deal with struggling Cyprus.
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.
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