Global rating agency Moody’s Investor Service has upgraded Pakistan’s sovereign credit rating by one notch, moving it from Caa2 to Caa1 with a stable outlook. This upgrade signals a marginal improvement in the South Asian nation’s ability to meet its debt obligations. The decision reflects an expectation that Pakistan’s fiscal and external position will remain…
MUMBAI: Markets regulator Sebi is working on multiple fronts to place a check on financial frauds that chip away at investor confidence. Unless the ecosystem moves beyond check-box compliance and arms investors with tools and information to hold corporate decision-makers accountable, that trust could falter, said Sebi chairman Tuhin Kanta Pandey.“Circular transactions, round-tripping of funds,…
AI-generated representative image Asian markets rose on Wednesday, encouraged by US President Donald Trump’s reassurance that Federal Reserve Chair Jerome Powell will remain in his position.The Indian equity benchmarks opened on a positive note on Wednesday, with the BSE Sensexcrossing 80,200 and trading at 80,140.02, up 544 points or 0.68 percent, as of 9.21 AM….