A major Chinese bank is suing the developer of a halted high-rise project in Los Angeles amid a string of financial problems for the real estate company in recent years.

The Bank of Canada (BoC) announced today that it will be increasing its overnight interest rate by 25 basis points, bringing it to 0.75%. This move was widely expected by economists and market analysts, as the BoC has been signaling for some time that it would likely raise rates in response to the strong economic recovery that has been taking place...