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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.
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.
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Sven Carstensen, partner at Bulwiengesa, discusses the German property market and says that in many cities, prices have reached their peak.
European shares opened slightly lower on Wednesday with a slew of economic releases due and investors positioning themselves for the annual confab of central bankers at Jackson Hole later this week.
Heimo Scheuch, CEO of Wienerberger, says the company is seeing "different signs" of strength across Europe with some countries' property markets doing better than others.