Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe.
Ukrainian Prime Minister Arseniy Yatsenyuk sought financial aid from Western donors and promised to adopt measures needed to steady an economy beset by a plunging currency and widening budget deficits.
Portugal’s borrowing costs are “unsustainable” after the interest paid on an auction of 1 billion euros ($1.4 billion) of government bonds surged, Goldman Sachs Group Inc. Chief European Economist Erik Nielsen said.
Erik Nielsen, chief global economist at UniCredit SpA, says despite a leadership change, China is a "slow moving supertanker" and will not divert from current policy. Nielsen talks with Bloomberg's Mark Mills and Vonnie Quinn on Bloomberg Radio's "Bloomberg - The First Word."