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 ...

Bloomberg German economic growth was the weakest in almost four years in November as both services and manufacturing cooled. The composite Purchasing Managers’ Index (PMI) for Europe’s largest economy dropped to 52.2 in November from 53.4 last month, according to a flash reading released by IHS Markit. The result, below all estimates in a Bloomberg survey of economists, pushed the euro ...

Bloomberg Discounts on London homes are creeping out further from the center as prices remain out of reach for many people and uncertainty surrounding Brexit starts to damp demand for homes in the capital’s cheaper neighbourhoods. “Vendors in outer boroughs are catching up and becoming more realistic about pricing,” said Simon Rubinsohn, chief economist at the Royal Institution of Chartered ...

Bloomberg Preliminary figures compiled by Venezuela’s central bank indicate that the crisis-wracked nation’s economy contracted 16.6 percent in 2017, according to two people with direct knowledge of the estimates. For the first time since 2016, the bank is preparing a raft of macroeconomic indicators for International Monetary Fund (IMF) to avoid sanctions including a possible expulsion from lender. Bank technicians ...

After more than five years in power, Xi Jinping has constructed a singular political persona: of a leader who places the Communist Party and its authority above all, on top of the state, the economy and military. So it may have come as a surprise to see Xi usher China’s top entrepreneurs into Beijing’s Great Hall of the People earlier ...

If some of the most august independent analysts in the business feel their future lies inside a large US broker, does any research boutique have a future? There is still hope. Autonomous Research, the London-based firm set up in 2009 by Stuart Graham, the former head of Merrill Lynch & Co.’s European bank-stocks team, agreed to be taken over by ...

There’s no denying it now. The global electronics industry is in a funk, and the world’s biggest manufacturer has the wounds to prove it. Foxconn Technology Group aims to cut $2.9 billion in costs next year, Bloomberg News’s Debby Wu reported, citing an internal company memo that she had seen. You may know Foxconn as the assembler of iPhones for ...

Bangkok may be among the world’s top 10 tourism destinations, but for overseas investors it’s about as popular as a beach holiday in the Arctic. Foreigners sold a net $8.7 billion or so of Thai stocks this year, the most since data began in the late 1990s. On the face of it, that’s a puzzle. Thailand has been something of ...