Bloomberg Turns out China Evergrande Group, the indebted developer which earlier this year fought off short sellers, had a hidden ally. Chinese Estates Holdings Ltd., the company controlled by Hong Kong billionaire Joseph Lau and his family, bought HK$8.1 billion ($1 billion) worth of Evergrande shares since April, Lau’s firm revealed on Wednesday as it announced its interest had passed ...

Bloomberg Finance Minister Bill Morneau is proposing tax changes that would close loopholes often used by doctors and lawyers to reduce their tax burden, part of the Canadian government’s pledge to level the playing field for middle-income earners. In an Ottawa press conference, Morneau detailed the proposals reported by Bloomberg that were billed as ensuring “fairness for the middle class.” ...

Bloomberg IBM missed estimates for quarterly revenue, with sales in a key unit declining for the second consecutive period, further extending Chief Executive Officer Ginni Rometty’s turnaround plan into its fifth year without significant progress. Sales in the company’s technology services and cloud platforms segment dropped 5.1 percent from the same period a year earlier, even though executives had said ...