Bloomberg Ukraine’s central bank more than doubled its benchmark interest rate in a first such move in four months, reactivating policy tools to stem inflation and shield the currency battered by the Russian invasion. The central bank raised borrowing costs to 25% from 10% in its meeting on Thursday, the highest level since September 2015 — and the top ...

  Bloomberg Laurentian Bank of Canada advanced the most in more than a year after a surge in commercial lending helped fiscal second-quarter profit top analysts’ estimates and signaled that the firm’s turnaround is proceeding ahead of pace. The Montreal-based bank is up about 4% this year, the best performance in the eight-company S&P/TSX Commercial Banks Index. Laurentian’s shares top ...

  Bloomberg A slowing US economy and brisk growth in Australia will trigger a rally in the Australian dollar to levels last seen more than a year ago, UBS Group AG’s head of currencies in Asia said. After rebounding from a two-year low set last month, the Aussie could rise 11% from that level to as high as 76 US ...

  Bloomberg European stocks turned lower with US equity futures on persisting worries about high inflation and slowing growth. The dollar advanced. The Stoxx Europe 600 Index erased an early gain to trade 0.2% lower. S&P 500 and Nasdaq 100 futures slipped 0.4%. Government bonds falls across Europe as traders braced for a crucial European Central Bank meeting. Treasury yields ...

Bloomberg Ken Griffin’s Citadel Securities is willing to make markets in exchange-traded funds that hold cryptocurrencies, if the regulators allow it. “We will be ready if and when those products are approved, but we are taking a measured approach,” Kelly Brennan, head of the firm’s ETF group, said in an interview at Bloomberg’s headquarters in New York, adding that the ...

  Abu Dhabi / WAM The EQT X fund (EQT Private Equity), and Mubadala Investment Company (Mubadala), have agreed to acquire Envirotainer (the Company), the leading global provider of mission-critical, proprietary temperature-controlled supply chain solutions for the transportation of biopharmaceuticals, from Cinven and Novo Holdings. The enterprise value amounts to approximately €2.8 billion ($3 billion). Millions of people across the ...

  Abu Dhabi / WAM Masdar City, the regional home of technology innovation and R&D in Abu Dhabi, and Dana, the Abu Dhabi-based venture builder and investment platform, signed a memorandum of understanding (MoU) to advance food security at the national level, contribute to agritech sustainability, and support the UAE in meeting key objectives in line with the National Food ...

  Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, is to partner with AIQ, the Abu Dhabi National Oil Company’s (Adnoc) artificial intelligence (AI) joint venture with Group 42 (G42), to explore the development of new AI solutions that support a sustainable energy future. Under the agreement, Hub71 and AIQ will work together to advance the development of ...

  Sharjah / WAM Expo Centre Sharjah has signed a memorandum of understanding (MoU) with Gulf Madhyamam (GM) to organise the 8th edition of EduCafé, an educational event, from October 19-22, which is set to feature numerous educational institutions, increasing networking opportunities for students in Grade 10 and above. Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah, and Mohammed ...

  Abu Dhabi / WAM The Abu Dhabi Securities Exchange (ADX)’s market capitalisation opened above AED2 trillion ($545 billion) for the first time in its history, marking a landmark milestone that has made the region’s youngest exchange, the second largest in the Middle East in just two decades. The 25 percent year-to-date spike in the exchange’s market capitalisation was bolstered ...