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Stuff that matters

Crisis-hit Pakistan’s army chief seeks U.S. help in quick release of IMF funds

Pakistan’s powerful army chief appealed to Washington to use its leverage to secure the early release of International Monetary Fund money, Pakistani sources said on Friday, as the South Asian

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What’s next for China Evergrande after a restructuring proposal?

China Evergrande Group (3333.HK) will offer asset packages that may include shares in its two overseas-listed businesses as a sweetener for restructuring offshore debt, the developer said, as a stifling

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AbbVie to pay up to $2.37 billion to settle U.S. opioid claims

AbbVie Inc (ABBV.N) has agreed to pay up to $2.37 billion to resolve thousands of U.S. lawsuits against its Allergan unit over the marketing of opioid painkillers, state officials announced

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Tide maker P&G misses earnings, forecasts lower growth as consumers ‘scrimp’

Procter & Gamble Co (PG.N)delivered quarterly earnings that missed estimates on Friday and forecast lower sales growth, citing surging transportation and commodity costs, consumer cutbacks and retailer reluctance to hike

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Tight U.S. labor market keeps upward pressure on wages; inflation heats up

U.S. labor costs increased strongly in the second quarter as a tight jobs market boosted wage growth, which could keep inflation elevated and give the Federal Reserve cover to continue

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Canada Q2 GDP set to grow more than expected, big Sept rate hike seen

The Canadian economy most likely grew at an annualized rate of 4.6% in the second quarter over the first, boosting market expectations of another big interest rate hike in September.

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European shares climb on earnings cheer, GDP data; STOXX logs best month since Nov 2020

European shares rose on Friday and logged their first monthly gain in four as a host of strong earnings from corporate Europe overshadowed fears of a global recession, with some

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