Ukrainian President Viktor Yanukovych moved to quell a growing insurgency by granting sweeping powers to the army and police after a region declared independence from his government, risking wider conflict.
The Ukraine bond rally spurred by Russia’s pledge to provide more cash to the country lasted about one hour, underscoring how deadly street protests in Kiev are overshadowing the government’s push to line up aid.
Ukrainian forces announced the start of an operation to clear the Kiev square occupied by thousands of protesters, after at least 10 people died in the bloodiest day of the country’s three-month standoff.
Klarna AB, Europe’s largest specialized online payment solutions provider, is planning its first expansion outside the region as the company forecasts soaring e-commerce volume from retailers eager to let it assume their credit risk.
Moscow will attract double the foreign direct investment this year as the Russian capital promotes plans to become a regional financial hub and expand the subway system, according to a minister in the city’s government.