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 ...