Reserve Bank of India keeps repo rate unchanged at 5.25%, projects GDP growth at 6.6% and inflation at 5.1% for 2026-27

Japan's foreign reserves post record $77.11 billion drop in May, largest monthly decline since 2000. Finance Ministry says reserves fell 5.6% to $1.31 trillion amid yen-buying intervention.

Japan's foreign reserve assets fell 5.6% in May from the previous month, marking the largest monthly decline on record, the Finance Ministry said Friday. Official reserves stood at $1.31 trillion at end-May, down $77.11 billion from April.

WTO says signs indicate global goods trade is starting to slow.

The World Trade Organization notes signs that global trade in goods is beginning to slow.

Russia to fix small business VAT threshold at 20 mln rubles for three years, Siluanov says

The revenue threshold for small businesses of 20 million rubles for VAT payment will be fixed for three years, said FinanceAnton Siluanov.

Drought drives U.S. cattle supplies to 75-year low as retail beef price hits record. USDA reports 57% of cattle in drought areas, pasture conditions at 42% poor or very poor.

U.S. ranchers are under pressure to sell or move cattle as drought dries pastures and water sources across major ranching regions, with the USDA reporting that 57% of cattle inventory is in drought areas. Retail beef prices have hit a record high.