Sterling has boomed since mid-April and some analysts say the rally could run way beyond next month’s national election.» Read More
Jane Buchan, CEO, Pacific Alternative Asset Management Company CEO, discusses why she believes European equities are a "stock-pickers delight."
Proposals to force depositors in Cyprus to contribute towards a euro zone bailout has shaken the very nature of banking to its roots, according to Dennis Gartman, editor of "The Gartman Letter", who has labeled Cyprus's recently elected President Nicos Anastasiades a "fool".
CNBC's Kelly Evans reports euro zone concerns have resurfaced on news of a proposal that would tax depositors.
Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing to put up with austerity, S&P's Germany head Torsten Hinrichs told a newspaper.
The euro zone's proposal that bank depositors in Cyprus contribute toward a bailout has dampened risk appetite for many investors. CNBC's Julia Chatterly, Carolin Roth, and Michelle Caruso-Cabrera report all the detail on how this newest development will impact global investors.
The decision to force bank depositors in Cyprus to contribute towards a euro zone bailout could mean the country's economy could shrink by 15 percent over the next two years, investment bank Nomura said.
STMicroelectronics and Ericsson will close their loss-making mobile chip joint venture ST-Ericsson by dividing parts of the business between them and shutting the rest with the loss of about 1,600 jobs.
As the Cypriot parliament decides on a deposit levy, the shadow of Russian money in the island looms large.
European Markets Open Sharply down.
Chris Weston, institutional dealer at IG Markets, says there have been a lot of sell orders but he hasn't seen a panic yet on Cyprus's deposit levy.
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.
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If there's more dovish comment from the Federal Reserve tomorrow, will there be a big reaction in euro-dollar? Michael Sneyd, FX analyst at BNP Paribas, weighs in.
Daniel Ives, managing director at FBR Capital Markets, discusses the growth in iPhone sales, saying Apple scored a "home run", with bigger screens "selling like hot cakes" in places like China.
Ross Walker, senior U.K. economist at RBS, says that the British economy looks "meaningfully weaker" than the Bank of England's indicates.