Russia's ambassador to the UK was summoned after two Russian bombers disrupted civilian air traffic over the English Channel.» Read More
Clem Chambers, CEO at ADVFN says the levy on Cyprus banks is unprecedented and signals your money isn't safe. He also says that EU, ECB and IMF have torn up the rule book and they can do it again.
Adarsh Sinha, Head of Asia Pacific G10 FX Strategy at BofA Merrill Lynch Global Research says the Cyprus bailout offer of levying bank deposits came as a surprise and he's bearish on the euro-dollar.
Mikio Kumada, Executive Director & Global Strategist at LGT Capital Partners says the Cypriot banks are funded by a huge deposit base and the levies are a one off event.
Cyprus' finance minister, Michael Sarris, tells CNBC why he defends the controversial tax on bank deposits.
Kelvin Tay, Regional CIO at UBS Wealth Management, gives advice following the controversial bank bailout news from Cyprus.
Susan Schwab, currently a member of the Governing Board at the LKY School of Public Policy, gives her initial reaction to the news from Cyprus from the perspective of a former U.S. trade negotiator.
Gregorio Saichin, Head of Emerging Markets & High Yield Fixed Income Funds at Pioneer Investments, explains how the situation in Cyprus will play out in the sovereign bond markets in the long-term.
Richard Jerram, Chief Economist at Bank of Singapore discusses the threat of other debt-riddled nations following Cyprus' unusual bailout proposal.
Cyprus' president was in talks to ease the terms of a bailout as he tried to scrape together support for the deal, the FT reports.
Cyprus Finance Minister Michael Sarris told CNBC that there will be no capital restrictions and that people will be able to move their money out of the country on Tuesday after banks re-open. But he acknowledged people may doubt this.
Cyprus's parliament will vote Sunday on whether savers must pay a levy on bank deposits under terms for an international bailout. Approval is far from certain.
Europe's rescue of Cyprus, partly funded by bank deposits, is not applicable to other euro zone countries, according to an economy ministry source in Spain.
Latvia's Prime Minister hit back at Paul Krugman's criticism of Latvia's austerity measures.
Valdis Dombrovskis, prime minister of Latvia, said Paul Krugman is wrong in his criticism of Latvia's austerity measures and that his country will join the euro on January 1 next year.
European shares are lower as finance ministers prepare to discuss Cyprus bailout. CNBC's Simon Hobbs reports.
A Cyprus bailout is likely to be close to 10 billion euros ($13 billion), or much lower than forecast thanks to tax measures that are likely to boost revenues.
Chinks are showing in the Italian bond market's resilience to the political stalemate that followed last month's election.
European Central Bank President Mario Draghi gave EU leaders a crash course in macroeconomics late on Thursday, emphasizing his concerns about low productivity and high labor costs hurting the euro zone's prospects.
Inflation pressures in the euro zone are easing, giving governments and central bankers a touch more leeway for stimulus as the region's leaders seek to shift their focus to reviving economic growth.
Hungary's increasingly aggressive moves against media, judiciary and central bank independence will be discussed by European Union heads of states on Friday.
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European equities closed mixed on Thursday as oil prices and a slightly hawkish tone from the U.S. Federal Reserve managed to dent investor sentiment.
Discussing U.S. markets, Todd Horwitz, author & founder at Averagejoeoptions.com says he expects the U.S. Federal Reserve to hike rates sooner than expected.
CNBC's Phil Han reports on the new and upgraded Air Force One which will replace the current Boeing 747-200.