Eight years after Aleksandar Vucic rallied behind war-crimes suspects and tried to shield Serbia from western influence, he’s poised to take over the government after a March 16 election as a pro-European reformer.
Deposed Ukrainian President Viktor Yanukovych will hold a press conference in neighboring Russia tomorrow, one day after an interim government took charge in Kiev and the Swiss government told banks to freeze his assets.
Ukraine is weighing measures to stem cash withdrawals after as much as 7 percent of deposits were taken from banks during last week’s bloody uprising, underscoring the need for action to fend off a default.
Emerging-market stocks fell as Chinese equities slid the most in seven weeks on concern reduced lending to the property industry will curb growth. Ukrainian shares and bonds rallied as prospects for financial aid grew.
U.S. equities rallied, with the Standard & Poor’s 500 Index touching an intraday record and all but erasing its 2014 decline, amid confidence the economy is strong enough to weather cuts to monetary stimulus. Commodities gained while Ukrainian shares jumped the most since 2010.