The news moved markets, with Greek bank stocks tumbling and bond yields rising once again.» Read More
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.
Spain will revise down its economic growth forecast for 2013 next week and seek more time from the European Union to reduce its budget deficit as recession cuts deeper than previously expected.
Charles Dallara, Americas of Partners Group, shares his opinions on the future of Cyprus and Europe, and discusses whether a crisis like this could occur in the U.S.
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Darren Chervitz, portfolio manager at Jacob Asset Management, says that Marissa Mayer's "honeymoon period" as Yahoo CEO is approaching an end, with consumers expecting more core results from Yahoo.
Talking tech and US earnings, Leigh Drogen, CEO of Estimize, says this quarter will be about mobile monetization, especially for Facebook and Twitter.
Charles Newsome, divisional director at Investec Wealth & Investment, says he believes that Greece will move towards some sort of exit from the euro zone in the long term.