Part of the company that owns Banco Espirito Santo has applied for creditor protection, meanwhile analysts weigh up chances of a bailout.» Read More
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.
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.
Jon Spector, CEO of Conference Board, tells CNBC that across Europe and the US there needs to be a rebalancing of consumer expectations.
James Ashley, Senior Economist at RBC Capital Markets gives his analysis on the Cyprus situation and overall uncertainty in the euro zone.
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.
The Cyprus bailout chaos serves as a stark reminder that fundamental issues in the world economy are not yet fixed, said CEO of Standard Chartered Bank Peter Sands.
Andre De Silva, Head of Asia-Pacific Rates at HSBC Global Research says significant flows from Japan's private sector investors towards Europe & EM have been detected.
Housing and jobs data will get a close look from traders Thursday, as they continue to dissect the latest comments from the Fed.
As investors monitor the situation in Cyprus, CNBC's Christine Tan spoke to Peter Sands, CEO of Standard Chartered about his views on the crisis in the Mediterranean.
Cyprus and Russia resumed talks Thursday to strike a deal that could include cooperation on banking and natural gas reserves, the Cypriot finance minister said.
Lee Buchheit, Partner at Cleary Gottlieb Steen & Hamilton, also known as the go-to expert for debt-ridden nations, shares the feedback on his plan B for Cyprus.
The Cypriot finance minister is in Russia today to sort out the economic woes. CNBC's Steve Sedgwick has the details.
Analysts say that gold will stay in demand until the Cyprus crisis is resolved, reports CNBC's Sharon Epperson.
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.
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.
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.
European Market closes higher on the hope of a deal between Cyprus and Russia.
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.
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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.