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  • Gold Moderately Lower     Wednesday, 20 Mar 2013 | 1:34 PM ET

    Analysts say that gold will stay in demand until the Cyprus crisis is resolved, reports CNBC's Sharon Epperson.

  • Cyprus Shuts Banks Until Tuesday, Seeks Russia Aid Wednesday, 20 Mar 2013 | 1:21 PM ET
    Michalis Sarris, the Cypriot minister of finance

    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.

  • Market Sees Cyprus as Manageable: Expert     Wednesday, 20 Mar 2013 | 12:35 PM ET

    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.

  • European Markets Close     Wednesday, 20 Mar 2013 | 12:30 PM ET

    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.

  • Europe Stocks Close Higher     Wednesday, 20 Mar 2013 | 12:30 PM ET

    European Market closes higher on the hope of a deal between Cyprus and Russia.

  • Why Small Businesses are the Budget Winners     Wednesday, 20 Mar 2013 | 12:15 PM ET

    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.

  • Lufthansa Cancels More Than 500 Flights Due to Strike Wednesday, 20 Mar 2013 | 12:12 PM ET
    Passengers wait in front of a Lufthansa counter in Hamburg, northern Germany during a 2012 walkout.

    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.

  • Why Santelli's Watching Cyprus, Russia & the Fed     Wednesday, 20 Mar 2013 | 11:35 AM ET

    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.

  • Credit Rating Fears Return as UK Growth Slashed Wednesday, 20 Mar 2013 | 10:31 AM ET

    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.

  • 'We Will Be Slaves for Russia': Cypriots Warn Wednesday, 20 Mar 2013 | 10:27 AM ET

    Cyprus's citizens are facing up to a very uncertain future, with one Cypriot telling CNBC: "We are not like Greeks."

  • IMF Chief Lagarde's Paris Home Searched by Police Wednesday, 20 Mar 2013 | 10:02 AM ET
    Christine Lagarde, managing director of the International Monetary Fund

    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.

  • Cyprus 'Blackmailed' by EU: Former Cypriot Official Wednesday, 20 Mar 2013 | 8:39 AM ET
    Cypriot security guards stand outside the parliament building in Nicosia.

    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.

  • Cyprus Shambles First Sign Euro Is Unwinding: Expert Wednesday, 20 Mar 2013 | 6:41 AM ET
    the headquarters of the European Central Bank (ECB) in Frankfurt, Germany

    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.

  • Litigation Forces Deutsche Bank to Restate Profits Wednesday, 20 Mar 2013 | 6:25 AM ET
    Deutsche Bank, Frankfurt

    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.

  • Global Markets: European Shares Bounce Back     Wednesday, 20 Mar 2013 | 6:13 AM ET

    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.

  • Italian President Seeks Way Out of Political Stalemate Wednesday, 20 Mar 2013 | 6:08 AM ET
    Beppe Grillo

    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.

  • UK Jobless Claimant Count at Lowest Since June 2011 Wednesday, 20 Mar 2013 | 5:42 AM ET
    People look at pieces of paper with job openings

    The number of Britons claiming unemployment benefit fell in February to a 20-month low, official data showed on Wednesday.

  • Russia-Cyprus Talks: Maybe More Than a Loan Deal Wednesday, 20 Mar 2013 | 5:31 AM ET
    Cyprus Finance Minister Michael Sarris

    Cyprus's finance minister, Michael Sarris, has told CNBC that talks with Russia are "looking beyond" a loan extension, adding to speculation that Russia could come to Cyprus's financial aid.

  • Cyprus Church to the Rescue Wednesday, 20 Mar 2013 | 5:14 AM ET

    The head of Cyprus' influential Orthodox church, Archbishop Chrysostomos II, says he will put the church's assets at the country's disposal to help pull it out of a financial crisis.

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Europe Video

  • 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.

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