Ukraine's state railway needs to increase freight tariffs by at least 45% this year to help restore finances and conclude a debt restructuring after a sharp escalation in Russian attacks on infrastructure, the company's CEO said.

Yen drops to 160-level; Japanese officials issue warning on further depreciation.

Yen falls to 160 level, prompting warnings from Japanese officials.

Inditex sales jump 11.5% in May, beating analyst expectations despite Iran war inflation worries

Inditex, the owner of Zara, reported a strong start to summer trading with currency-adjusted sales up 11.5% in May, significantly beating analyst expectations, even as concerns over Iran war inflation weighed on consumer confidence.

Indian central bank denies report it sold gold reserves. The RBI said media claims of gold sales were inaccurate.

The Reserve Bank of India has denied a media report that it sold gold reserves.

Australia raises minimum wage by 4.75% citing economic uncertainty – Bloomberg

Australia's government raised the national minimum wage by 4.75%, citing economic uncertainty, according to Bloomberg.