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  • 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.

  • Osborne Defends $5.3 Billion Housing Stimulus Thursday, 21 Mar 2013 | 5:51 AM ET
    Chancellor of the Exchequer George Osborne walks out before presenting his annual budget to Parliament at 11 Downing Street on March 20, 2013 in London

    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.

  • UK Needs ‘Monetary Realism’: Ex-BoE Official Thursday, 21 Mar 2013 | 5:40 AM ET
    The Bank of England

    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.

  • Euro Zone Downturn Deepening, Even Before Cyprus Thursday, 21 Mar 2013 | 5:06 AM ET

    The euro zone's economic downturn has deepened this month, even before Cyprus's bailout debacle, a business survey showed on Thursday.

  • Euro Zone Contraction Gains Momentum: Economist  Thursday, 21 Mar 2013 | 5:00 AM ET

    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.

  • European Markets Open Lower  Thursday, 21 Mar 2013 | 4:00 AM ET

    Karen Cho takes you through the European market open where stocks have come in lower.

  • Hermes Posts Record Margin, Beats Forecasts Thursday, 21 Mar 2013 | 3:36 AM ET
    Forth & Towne opened four stores in the Chicago area today including this one in Skokie, looking to provide the 35-year-old-plus woman with fashionable, fitting clothing as well as accessories.

    Hermes said operating margin last year reached its highest level since they listed in 1993 on robust demand for its hand-crafted leather goods and printed silk scarves.

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