Russia cast doubt on imminent membership for Ukraine in a customs bloc after speculation that a deal was close fueled anti-government protesters who thronged Kiev demanding that President Viktor Yanukovych resign.
Current pessimism about the world economy is overdone. The world’s three biggest economies -- the U.S., China and Japan -- are all in decent shape. Barring a major new deterioration in Europe and unforeseen calamities in the rest of the developing world, a moderate acceleration of global growth looks likely.
Ukrainian anti-government activists are mobilizing for a rally to top the half-million people who flooded Kiev last weekend as President Viktor Yanukovych returns from China and Russia with no aid for the shrinking economy.
Much has been said about the defeat the European Union suffered with Ukraine’s sudden refusal to sign a trade and association agreement. The contrary is true: The EU has had a lucky escape and so have the Ukrainian people.
Portugal plans to sell bonds early next year as investors from Scandinavia and the euro area return to its market following the financial crisis, according to Joao Moreira Rato, head of the nation’s debt agency.