Bloomberg China’s central bank injected cash into the financial system using 14-day reverse-repurchase agreements for the first time since February amid speculation policy makers are looking to increase the use of more expensive, longer-term funding to cool a bond rally. The People’s Bank of China auctioned 50 billion yuan ($7.5 billion) of the contracts in open-market operations at 2.4 ...

  Bloomberg Royal Bank of Canada beat analysts’ profit estimates as the City National purchase in the U.S. bolstered wealth management and capital markets earnings surged. Canada’s biggest bank raised its dividend 2.5 percent to 83 cents a share. Profit for the quarter ended July 31 climbed 7.5 percent to $2.06 billion, or C$1.72 a share after excluding gains from ...

  AFP The Central Bank of Iceland on Wednesday cut its benchmark interest rate by half a percentage point to 5.25 percent, saying inflation remained low despite rising wages and strong growth. “Inflation has remained below target for two-and-a-half years. In July it measured 1.1 percent, the lowest inflation rate since the beginning of 2015,” the bank said. “The krona ...