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S&P Global Ratings warns that the India-Pakistan conflict elevates credit risks for both nations, potentially weakening sovereign credit support if tensions escalate. While maintaining India's 'BBB-' rating with a positive outlook and Pakistan's 'CCC+' with a stable outlook, S&P anticipates continued high tensions....
India conducted targeted military strikes against Pakistan, which said it retaliated in expected tit-for-tat blows after a militant attack last month in Kashmir that killed 26 people.
Elsewhere, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will travel later this week to Switzerland for trade talks with China led by Vice Premier He Lifeng, seeking to de-escalate a tariff standoff that has threatened to hammer both economies.
Today's guests: Karsten Munk Knudsen, Novo Nordisk CFO, Estelle Brachlianoff, Veolia CEO, Grace Peters, JPMorgan Private Bank Global Head of Investment Strategy, Judy Dempsey, Carnegie Europe Senior Fellow. (Source: Bloomberg)...
Following India's sanctions after the Pahalgam terror incident, the Pakistan Stock Exchange plummeted, with the KSE-100 index dropping 2.12%. India halted the Indus Waters Treaty, closed the Wagah-Attari border, and revoked Pakistani citizens' visa privileges....