Greek companies and households pulled €7.6 billion from their accounts during the government's standoff with its creditors driving deposits down. The Financial Times reports.» Read More
Events like those in Cyprus will happen in more countries all over the world, said Marc Faber, contrarian investor and publisher of the Gloom, Boom & Doom Report.
Christian Gattiker, global investment strategist and head of research at Julius Bar, tells CNBC that investors should 'hang in there' as the European markets might still have a little to run.
Cyprus's finance minister resigned on Tuesday after concluding a 10 billion euro bailout deal with international lenders in which the country slashed its dominant banking sector and hit depositors with losses.
Italy's center-left leader Pier Luigi Bersani said on Tuesday his bid to form a government after last month's deadlocked election was over, after his failure to gather enough support.
Marie Diron, chief economic advisor at Ernst & Young, tells CNBC that 2013 will see the banks hit the bottom and set out their stall for a genuine recovery and return to growth in 2014 and beyond.
Tom Levinson, foreign exchange strategist at ICAP, and Alan Higgins, chief investment officer at Coutts, tell CNBC why the euro has a negative outlook but the investor outlook is surprisingly positive.
The president of Cyprus has accepted the resignation of the country's finance minister, reports CNBC's Michelle Caruso-Cabrera.
Liz Ann Sonders, Charles Schwab chief investment strategist; and Scott Minerd, Guggenhein Partners CEO & CIO, share their views on what's driving the upward trend in the markets.
Capital controls have restored a sense of calm in Cyprus. At best, this is a short reprieve if they are not followed by more fundamental decisions, according to Pimco's CEO.
CNBC's Kelly Evans reports European stocks shrugged off weak economic data and marched higher in today's market action.
The euro zone jobless rate was stable at 12.0 percent in February, the European Union statistics office Eurostat said on Tuesday, which could add pressure for an interest rate cut by the ECB.
French car registrations fell again in March as consumers, worried about the economy, maintained the wait-and-see attitude which has prevailed over the past 16 months.
Manufacturing across the euro zone fell deeper into decline in March, although the Cyprus bailout crisis has yet to take a toll on factory activity, a business survey showed on Tuesday.
Holger Schmieding, chief economist at Berenberg Bank, discusses euro zone data and says that while there is not much the ECB can do, policy makers should send a signal of confidence.
Analysts are questioning whether a group of economic "wise men" can save Italy from new elections.
European shares open slightly higher ahead of key manufacturing data from the euro zone.
Britain's financial services sector took on new staff in the first quarter with more gains expected, a business survey said, signaling that a prolonged period of job losses may be ending.
Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday.
Daniel Harden, senior commercial dealer at Global Reach Partners, tells CNBC that euro zone fundamentals remain the biggest concern heading into the second quarter.
Michael McCarthy, Chief Market Strategist at CMC Markets says slowing growth and rising inflation in India makes it the biggest risk in Asia. He expects an extreme cooling of growth in the country.
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Online trading company ETX is set to buy the entire client list of foreign exchange broker, Alpari. Joe Rundle, head of trading at ETX Capital, discusses further.
India's stocks and currency have performed strongly recently thanks, in part, to new business-friendly policies. Ashish Chauhan, Managing Director and CEO of the Bombay Stock Exchange, discusses how this has reflected in stock listings.
European equities closed sharply lower on Thursday following a selloff in the U.S. Wednesday and a lackluster lead from Asia.