By Polya Lesova, MarketWatch FRANKFURT (MarketWatch) -- Ukraine's credit spreads rallied on Friday, indicating a declining probability of default, after the formation of a new governing coalition brought much-needed political stability and prompted a

• 12 March 2010

Russian Federation Prime Minister Vladimir Putin has expressed concern over terror groups operating from within Afghanistan and Pakistan.

• 12 March 2010

Oil demand in China rose by an "astonishing" 28% in January compared with a year ago, the International Energy Agency says.

• 12 March 2010

Putin will sign more than a dozen pacts amounting to 10 billion dollars, including an accord to resolve the troubled sale of a refitted Soviet-era aircraft carrier, the Admiral Gorshkov.

• 12 March 2010

Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, says deteriorating public finances may seriously hurt the global economy.

• 11 March 2010

Ukrainian President Viktor Yanukovych has formed a new coalition government after rival Yulia Tymoshenko was ousted in no-confidence vote. Former Finance Minister Mykola Azarov is the new Prime Minister.

• 11 March 2010

India and Russia will on Friday tighten their ties by signing a slew of agreements, including an umbrella civil nuclear pact and another accord fixing the cost of the refurbished aircraft carrier Admiral Gorshkov at $2.35 billion

• 11 March 2010

Azerbaijan has more than doubled its natural-gas exports to Russia, shipping up to 3 million cubic meters of gas per day to its northern neighbor.

• 11 March 2010