Bloomberg Ukraine devalued the official hryvnia exchange rate to protect its foreign-currency reserves as Russia’s invasion ravages the economy. The National Bank of Ukraine (NB) also held its main interest rate unchanged at 25% on Thursday and said that its monetary and exchange-rate policies are aimed at easing pressure on the local currency. It set the hryvnia rate at 36.5686 …

  Bloomberg CDH Investments, an alternative investment fund manager focused on China, has hired top Asian dealmaker Alex To as its new chief executive officer, according to people familiar with the matter. To, until recently the co-head of Bank of America Corp’s (BofA) Asia Pacific investment banking, will also become a partner of the fund, one of the people said. …

  Bloomberg Goldman Sachs Group Inc plans to slow hiring and reinstate annual performance reviews as the Wall Street bank looks to rein in expenses. “Given the challenging operating environment, we are closely re-examining all of our forward spending and investment plans to ensure the best use of our resources,” Chief Financial Officer Denis Coleman said on a conference call …