Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
Lutfey Siddiqi, MD of FX, Asia Pacific at UBS Investment Bank is bearish on the euro. He warns of the psychological contagion from the Cyprus banking crisis that could spread to the rest of Southern Europe.
CNBC's Michelle Caruso-Cabrera reports banks will reopen on Thursday in Cyprus, and the country has readied capital controls to avert a bank run; and Nile Gardiner, Heritage Foundation; Jeffrey Kleintop, LPL Financial; and Jack Bouroudjian, Bull and Bear Partners CEO, provide perspective.
PVH Corp. CEO Manny Chirico, offers insight on his company's acquisition of Warnaco, and also on international growth. "Jeans is a category that goes in cycles, and I think we're buying Warnaco at just the right time," he says.
As banks in Cyprus open their doors, Jim Cramer explains how to trade the three most likely reactions from the market.
A look at how to play Cliffs Natural, with the "Fast Money" traders; and Chuck Jeannes, Goldcorp CEO, discusses what is having an effect on gold price now, and how investors should play it.
Dissecting the day's major business news, with the Fast Money traders; and CNBC's Michelle Caruso-Cabrera has the latest in Cyprus, saying the banks are set to reopen on Thursday.
Cyprus has set capital controls for tomorrow's reopen of its banks. CNBC's Michelle Caruso-Cabrera has the details.
Cyprus reopens its banks on Thursday with capital controls in place and guards at branches to help avert bank runs.
Heavy security is visible as the Cyprus central bank gets a truckload of cash delivered ahead of tomorrow's scheduled reopening of the nation's banks. (1:12)
CNBC's Michelle Caruso-Cabrera reports that has been no official announcement that the banks will reopen on Thursday.
European shares closed lower on Wednesday as investors grow increasingly worried over the political stalemate in Italy, adding to concerns about Cyprus, which is poised to impose capital controls on its banks.
CNBC's Simon Hobbs reports on all the market moving events in Europe today.
Amjad Bseisu, CEO of EnQuest, tells CNBC that oil reserves in the north sea are declining, although a relaxation of government regulations has prompted a boom of investment in the area.
Jan Randolph, head of sovereign risk at IHS Global Insight, tells CNBC that Italy is in a state of 'suspended animation' without a government, but expects the suggestion of ECB OMT should constrain bond yields.
After more than a week's closure, the world's biggest security firm G4S will be on hand with 35 armored vehicles when Cypriot banks re-open on Thursday, ready to deliver cash to ATMs and deal with any panic.
Cyprus is to impose a ban on cashing checks and limit the amount of cash that can be taken out of the country, a Greek newspaper reported on Wednesday.
European lawmakers voted for an extra 11.2 billion euros in EU spending on Wednesday to fill a funding gap.
Cyprus probably won't be the last euro zone country to ask for an international bailout, according to a Reuters poll of economists.
For Iceland, there was a sense of deja vu when Cyprus's finance minister said capital controls would probably last "a matter of weeks". Five years after a banking meltdown, the north Atlantic island has just extended its own controls indefinitely.
Investor concern over Cyprus is rapidly being replaced by fears for Italy, as political deadlock continues.
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Tim Graf, head of macro strategy for Europe at State Street Global Markets, says that global confidence, while still high, is deteriorating.
The underlying problems in Europe's southern economies have not been solved, says Hans-Werner Sinn, president at the Ifo Institute. He also criticizes the ECB potential use of quantitative easing.
Nik Stanojevic, equity analyst at Brewin Dolphin, says Iliad's bid to take over T-Mobile U.S. is surprising and that the price is below the U.S. provider's value.