Euroclear appeals Moscow arbitration ruling on €200 billion claim by Russian Central Bank, source says. Belgian clearing house challenges immediate enforcement of the recovery order.

Russian federal authorities propose cutting interregional air travel subsidies by at least 7.6%, or 606.48 million rubles. The Ministry of Transport claims the move will not significantly reduce flight volumes bypassing Moscow.

Russian federal authorities are considering a reduction in subsidies for interregional air travel by at least 7.6%, amounting to 606.48 million rubles. The Ministry of Transport stated that the adjustment will not impact the volume of non-Moscow transit flights by more than 50%.

Momentum trade strategy posts best 2-month gain on record, MarketWatch reports.

Wall Street's momentum trade strategy has achieved its best two-month gain on record, according to MarketWatch.

India warns retail inflation may accelerate on weak monsoon and fuel price rise, citing risks to economic stability.

India says retail inflation may accelerate due to weak monsoon and rising fuel prices.

China broadens digital yuan footprint from lottery draws to fiscal spending – Reuters exclusive

China is expanding the use of its digital yuan from lottery draws to fiscal spending, according to an exclusive Reuters report.