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  • Carlo Bozotti, chief executive officer of STMicroelectronics

    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.

  • 'Unfair, Dangerous' Cyprus Deal Whacks Rich Russians Monday, 18 Mar 2013 | 4:17 AM ET
    A car drives past a billboard promoting a Russian bank on a main road in the southern Cypriot port of Limassol.

    As the Cypriot parliament decides on a deposit levy, the shadow of Russian money in the island looms large.

  • European Markets Open Sharply down   Monday, 18 Mar 2013 | 4:00 AM ET
    European Markets Open Sharply down

    European Markets Open Sharply down.

  • No Panic in Markets Yet: Broker   Monday, 18 Mar 2013 | 2:30 AM ET
    No Panic in Markets Yet: Broker

    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.

  • Cyprus Levy a Farce   Monday, 18 Mar 2013 | 1:50 AM ET
    Cyprus Levy a Farce

    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.

  • Downside Risk for the Euro   Monday, 18 Mar 2013 | 1:22 AM ET
    Downside Risk for the Euro

    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.

  • Cyprus a Special Case in Many Ways   Monday, 18 Mar 2013 | 1:05 AM ET
    Cyprus a Special Case in Many Ways

    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: Levy Was Best Option   Sunday, 17 Mar 2013 | 10:03 PM ET
    Cyprus Finance Minister: Levy Was Best Available Outcome

    Cyprus' finance minister, Michael Sarris, tells CNBC why he defends the controversial tax on bank deposits.

  • Take Advantage of GBP Weakness: Analyst   Sunday, 17 Mar 2013 | 8:48 PM ET
    Take Advantage of GBP Weakness: Analyst

    Kelvin Tay, Regional CIO at UBS Wealth Management, gives advice following the controversial bank bailout news from Cyprus.

  • Enhanced US Ties Could Help Cyprus Banks   Sunday, 17 Mar 2013 | 8:33 PM ET
    Enhanced US Ties Could Help Cyprus Banks: Fmr US Official

    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.

  • Can Cyprus' Crisis Be Contained?   Sunday, 17 Mar 2013 | 8:20 PM ET
    Can Cyprus Crisis Be Contained?

    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.

  • Will More EU Nations Follow Cyprus' Path?   Sunday, 17 Mar 2013 | 6:30 PM ET
    Cyprus Bailout Tax: A one-off or more EU nations to follow suit?

    Richard Jerram, Chief Economist at Bank of Singapore discusses the threat of other debt-riddled nations following Cyprus' unusual bailout proposal.

  • New Deal for Cyprus? Authorities in Talks Sunday, 17 Mar 2013 | 4:49 PM ET
    The administrative headquarters of the Bank of Cyprus in Nicosia.

    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: We Hope People Believe Us Sunday, 17 Mar 2013 | 11:51 AM ET
    People withdraw money from an ATM in the Cypriot capital Nicosia. The Cyprus government postponed a planned emergency session of parliament on Sunday to debate a controversial EU bailout.

    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.

  • Will Cyprus Vote for Savings Levy? Sunday, 17 Mar 2013 | 3:18 AM ET
    Cypriot President Nicos Anastasiades

    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.

  • Cyprus Rescue Not a Fit for Other Countries Saturday, 16 Mar 2013 | 3:41 PM ET

    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.

  • Krugman Can't Admit He Was Wrong: Latvia PM Friday, 15 Mar 2013 | 12:56 PM ET

    Latvia's Prime Minister hit back at Paul Krugman's criticism of Latvia's austerity measures.

  • Krugman Is Wrong: Latvia PM   Friday, 15 Mar 2013 | 12:35 PM ET
    Krugman Is Wrong: Latvia PM

    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.

  • Euro Markets Decline on Recession Talk   Friday, 15 Mar 2013 | 12:30 PM ET
    Euro Markets Decline on Recession Talk

    European shares are lower as finance ministers prepare to discuss Cyprus bailout. CNBC's Simon Hobbs reports.

  • Cyprus Bailout Less Than Thought on Tax Boost Friday, 15 Mar 2013 | 11:50 AM ET
    Cyprus, Episkopi Bay

    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.

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