Pakistan aims to walk tightrope between Saudi Arabia and Iran as war flares in region

Pakistan aims to walk tightrope between Saudi Arabia and Iran as war flares in region

Iran’s nuclear-armed neighbour Pakistan has invoked its mutual defence pact with Saudi Arabia in response to Tehran’s missile and drone attacks on the kingdom, in what analysts have described as a key test of Islamabad’s emerging role in the Middle East’s security architecture. A gently worded warning to the Islamic Republic, delivered by Ishaq Dar, Pakistan’s deputy prime minister and foreign minister, has established Islamabad as a go-between to manage the escalation. Briefing the Senate on...

By Tom Hussain

Stock market today: Dow, S&P 500, Nasdaq futures rise as Iran reportedly calls for talks to end conflict

Uruguay cuts policy rate to 5.75% after external shock, with inflation still below target

Uruguay’s Central Bank cut its benchmark policy rate by 75 basis points to 5.75%, from 6.5%, in a unanimous decision and the seventh consecutive reduction, as it weighed the market impact of the renewed Middle East conflict and a rebound in the U.S. dollar.