The ousting of Pakistan’s prime minister by the country’s top court dramatically raises the risk profile for investors and businesses in the tumultuous, but fast-growing South Asian economy. The Supreme Court’s disqualification of Nawaz Sharif after a graft probe, prompting his resignation, poses big challenges to the country’s credit profile. As the stock market dipped on Friday, the court’s dramatic ...

Britain’s biggest telecoms provider, BT Group Plc, has been having a terrible time of it lately. Its shares are the fourth-worst performer on the FTSE 100 so far this year, and the worst among European industry peers. On Friday, it reported financial first-quarter results that reveal how hard it will be to change investors’ minds about its prospects. While the ...

Facebook has warned for months that its runaway train of revenue growth is running out of steam. The company showed on Wednesday that it is laying new track as fast as it can. Facebook continues to be one of the fastest growing and most profitable tech companies in the world. Revenue rose 45% in the second quarter, the company said ...