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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.
Central bank of Cyprus urges resolution to the banking crisis, reports CNBC's Michelle Caruso-Cabrera.
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.
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.
The banks are still closed in Cyprus but the ATM lines are growing, reports CNBC's Michelle Caruso-Cabrera.
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.
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.
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.
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.
Cash-strapped banks in Cyprus should be restructured, banking expert Adam Lerrick of the American Enterprise Institute told CNBC.
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.
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.
The populist 5-Star Movement of ex-comic Beppe Grillo asked President Napolitano for the mandate to form an Italian government.
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.
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.
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.
The euro zone's economic downturn has deepened this month, even before Cyprus's bailout debacle, a business survey showed on Thursday.
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.
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European shares opened higher on Wednesday as investors focused on the European Central Bank's policy meeting on Thursday, with some anticipating it could unveil new stimulus measures.
Robert Manz, managing partner at Enterprise Investors, says that despite the weak data, positive trends are emerging from central Europe and that right now is an "excellent time" to invest there.
Patrick Legland, global head of research at Societe Generale, says all indicators indicate Europe has slowed down and that the markets would need "far more ammunition" from the ECB to be reassured.