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  • Allow Bad Cyprus Banks to Fail: Banking Expert Thursday, 21 Mar 2013 | 10:15 AM ET
    Cypriots line up at the ATM to withdraw their savings in the midst of the banking crisis in Nicosia, Cyprus.

    Cash-strapped banks in Cyprus should be restructured, banking expert Adam Lerrick of the American Enterprise Institute told CNBC.

  • Rate Rigging Probe Homing In on Deutsche Bank Thursday, 21 Mar 2013 | 9:14 AM ET
    Deutsche Bank, Frankfurt

    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.

  • Global Markets: European Markets Open Lower     Thursday, 21 Mar 2013 | 6:09 AM ET

    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.

  • Italy's 5-Star Movement Seeks Mandate to Govern Thursday, 21 Mar 2013 | 6:03 AM ET
    Beppe Grillo

    The populist 5-Star Movement of ex-comic Beppe Grillo asked President Napolitano for the mandate to form an Italian government.

  • Russia Aid Not Likely for Cyprus: Eurogroup Chief Thursday, 21 Mar 2013 | 6:00 AM ET
    Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem

    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.

  • Osborne Defends $5.3 Billion Housing Stimulus Thursday, 21 Mar 2013 | 5:51 AM ET
    Chancellor of the Exchequer George Osborne walks out before presenting his annual budget to Parliament at 11 Downing Street on March 20, 2013 in London

    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.

  • UK Needs ‘Monetary Realism’: Ex-BoE Official Thursday, 21 Mar 2013 | 5:40 AM ET
    The Bank of England

    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.

  • Euro Zone Downturn Deepening, Even Before Cyprus Thursday, 21 Mar 2013 | 5:06 AM ET

    The euro zone's economic downturn has deepened this month, even before Cyprus's bailout debacle, a business survey showed on Thursday.

  • Euro Zone Contraction Gains Momentum: Economist     Thursday, 21 Mar 2013 | 5:00 AM ET

    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.

  • European Markets Open Lower     Thursday, 21 Mar 2013 | 4:00 AM ET

    Karen Cho takes you through the European market open where stocks have come in lower.

  • Hermes Posts Record Margin, Beats Forecasts Thursday, 21 Mar 2013 | 3:36 AM ET
    Forth & Towne opened four stores in the Chicago area today including this one in Skokie, looking to provide the 35-year-old-plus woman with fashionable, fitting clothing as well as accessories.

    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 Speeds Up Expansion Despite Profit Miss Thursday, 21 Mar 2013 | 3:20 AM ET

    H&M, the world's second-biggest fashion retailer, posted a slightly bigger drop than expected in first quarter pretax earnings.

  • France Told to Cap Super Tax at 66 Percent: Report Thursday, 21 Mar 2013 | 2:58 AM ET

    France's top administrative court has determined that the super tax on millionaires should not top two-thirds of earnings.

  • Bankers Will Go to Hong Kong over London: Pro     Thursday, 21 Mar 2013 | 2:30 AM ET

    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.

  • Medvedev Lambasts EU Over Cyprus Levy Thursday, 21 Mar 2013 | 2:26 AM ET

    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.

  • Consumers Need to Adjust to Low Growth: CEO     Thursday, 21 Mar 2013 | 2:00 AM ET

    Jon Spector, CEO of Conference Board, tells CNBC that across Europe and the US there needs to be a rebalancing of consumer expectations.

  • Cyprus' Ongoing Negotiations     Thursday, 21 Mar 2013 | 1:45 AM ET

    James Ashley, Senior Economist at RBC Capital Markets gives his analysis on the Cyprus situation and overall uncertainty in the euro zone.

  • Cyprus: Seeking a Solution     Thursday, 21 Mar 2013 | 1:07 AM ET

    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.

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