Russia's federal budget deficit hits 5.9 trillion rubles in the first four months of 2026, exceeding the full-year target of 3.8 trillion. The Finance Ministry plans to adjust budget parameters without parliamentary approval due to high spending on government contracts.

Russia lowers its official economic growth forecast for the year asVladimir Putin orders the government to address the country's ongoing economic slowdown.

Russia has lowered its official economic growth forecast for the current year, following directives from Vladimir Putin for the government to address the ongoing slowdown.

Bank of Japan officials debated a near-term interest rate hike during their April meeting, opening the door for a potential policy shift in June.

Bank of Japan officials discussed the possibility of a near-term interest rate hike during their April meeting, signaling a potential policy shift as early as June.

Australian Treasurer Jim Chalmers presents national budget, describing it as the 'most important and ambitious in decades.'

Australian Treasurer Jim Chalmers has presented what he described as the "most important and ambitious budget in decades."

The European Central Bank signals it will consider raising interest rates at its June 11 meeting. The move follows recent policy discussions regarding the bank's inflation targets.

The European Central Bank has indicated it will evaluate a potential interest rate increase during its meeting on June 11.