GSK's chief executive has opened the possibility of the group being broken up as he pushes through a sweeping overhaul of Britain's biggest drugmaker.» Read More
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.
The number of Britons claiming unemployment benefit fell in February to a 20-month low, official data showed on Wednesday.
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.
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.
A switch from developed to emerging market stock indices could rekindle demand for Greek shares.
Karen Cho takes you through the European market open, where stocks have come in higher.
For Jeroen Dijsselbloem, the new face of the euro zone, a furor over a decision to hurt savers in Cyprus has been a baptism of fire in his role as chairman of the Eurogroup of finance ministers of the currency area.
Nicholas Lois, managing director at Lois Builders and YPO member, tells CNBC that a bank run would be a disaster for Cyprus and his business.
Edmund Shing, European index strategist, at S&P/Dow Jones Indices, tells CNBC that Cyprus is 0.2 percent of the Euro Zone economy and in the grand scheme of things a small element.
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The Big Mac Index compares how much a Big Mac costs in 38 countries, explains Edward McBride, finance editor at The Economist. He outlines which currencies are the most under- and over-valued.
Mark Haefele, global chief investment officer at UBS Wealth Management, explains that Europe, and equities in general, are attractive as central banks remain supportive.
David Herro, CIO at Harris Capital, says the geopolitical situation has made European valuations a bit more appealing and that now is a good time to pick up quality European stocks.