Bloomberg Rolls-Royce Holdings Plc will freeze salaries for 8,000 managers as Europe’s biggest aircraft-engine maker deepens cost cuts after earnings fell by almost half in 2016. While raises for managers and executive staff will be announced as usual in March, they won’t be implemented until September, with no backdated payments, Chief Executive Officer Warren East said in an internal ...

  Bloomberg Brexit may aggravate a headache for the UK’s embattled steel industry: more under-priced Chinese supply, according to a trade group. Britain, which is looking toward a future of free trade outside the European Union, has for years resisted a proposal that would raise EU tariffs on imported steel, saying it would increase costs for users. If the UK ...

  Bloomberg Bank of Nova Scotia said fiscal first-quarter profit rose 11 percent, beating analysts’ estimates, on gains in capital markets. The lender raised its quarterly dividend 2.7 percent to 76 cents a share. Net income for the period ended Jan. 31 climbed to C$2.01 billion ($1.52 billion), or C$1.57 a share, from C$1.81 billion, or C$1.43, a year earlier, ...