Bloomberg Insolvencies among Canadian corporations climbed 4.6 percent in the third quarter, the sharpest increase in at least six years, a sign higher borrowing costs may be taking a toll on businesses. Some 826 companies filed for insolvency in the three months through September, compared with 790 in the same period a year earlier, the Office of the Superintendent of ...

Bloomberg BT Group Plc’s restructuring is starting to bite, with workers accusing the British telecom company of betrayal as it cuts thousands of jobs and sweeps away layers of management. Chief Executive Officer Gavin Patterson began to overhaul the world’s oldest phone company in June, under pressure to revive profits and a moribund share price. The changes involve 13,000 layoffs ...

Bloomberg US companies are evading President Donald Trump’s goods tariffs by partly moving production abroad, shielding China for now from the effects of an escalating trade dispute, according to research by UBS Group AG. “If US companies move a stage of their manufacturing overseas (to a country other than China), the trade tax is avoided,” Paul Donovan, chief economist at ...