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  • S&P Cuts Rating on Cyprus by One Notch to Triple-C Thursday, 21 Mar 2013 | 8:43 PM ET
    A woman carrying her baby withdraws money at an ATM machine in the Mediterranean city of Limassol.

    Standard & Poor's cut the sovereign long-term foreign currency credit rating on Cyprus deeper into junk status on Thursday, lowering the rating to CCC from CCC-plus.

  • Cyprus Risks Euro Exit After EU Bailout Ultimatum Thursday, 21 Mar 2013 | 7:53 PM ET
    A man holds a protest sign that says " no to the shutting down of banks"

    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.

  • Will Cyprus Sink the Euro Zone?     Thursday, 21 Mar 2013 | 7:00 PM ET

    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.

  • Market Reaction Doesn't Reflect Cyprus Severity     Thursday, 21 Mar 2013 | 6:35 PM ET

    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.

  • Too Late for Russia to Help Cyprus?     Thursday, 21 Mar 2013 | 6:13 PM ET

    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.

  • The Dow's Record Run     Thursday, 21 Mar 2013 | 5:00 PM ET

    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.

  • Cyprus' Central Bank Proposal     Thursday, 21 Mar 2013 | 3:21 PM ET

    Central bank of Cyprus urges resolution to the banking crisis, reports CNBC's Michelle Caruso-Cabrera.

  • Turkey May Block Natural Gas Use for Cyprus Bailout Thursday, 21 Mar 2013 | 3:13 PM ET

    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.

  • Scenes From the Cyprus Crisis Thursday, 21 Mar 2013 | 2:53 PM ET

    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.

  • ATM Lines Grow as Europe Sets a Deadline     Thursday, 21 Mar 2013 | 1:11 PM ET

    The banks are still closed in Cyprus but the ATM lines are growing, reports CNBC's Michelle Caruso-Cabrera.

  • Russia Creates World's Largest Listed Oil Major Thursday, 21 Mar 2013 | 1:10 PM ET
    The logo of OAO Rosneft, Russia's biggest oil producer, sits on a plaque outside the company's headquarters in Moscow, Russia.

    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.

  • When Going Gets Tough, Italians Get Going     Thursday, 21 Mar 2013 | 12:45 PM ET

    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.

  • UK Debt Level 'Concerning': Expert     Thursday, 21 Mar 2013 | 12:30 PM ET

    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.

  • Why Cyprus is 'Too Small to Fail'     Thursday, 21 Mar 2013 | 12:00 PM ET

    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.

  • 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.

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