Private-credit firms are tightening their lending standards, increasing interest rates and other fees they charge on new loans, restraining how much debt they give borrowers and closing loopholes that allow financing to be taken out against borrowers' assets.

India's Central Bank Holds Rates as Iran Crisis Keeps Risks High

India's central bank held interest rates steady on Friday, opting to pause as it assesses the impact of the Middle East conflict on the nation's currency and broader economy.

The Reserve Bank of India met against a backdrop of sharp rupee depreciation and acute economic risks, driven by the Iran crisis pushing up energy prices and threatening to stoke domestic inflation.

Real-Time Satellite Intelligence Is Making Ukraine's Drone Strikes Deadlier Than Ever

The small unit of the Ukrainian Armed Forces, stationed about 10 kilometers from the front line in the country's southeast, knew there was something afoot in a building obscured by thick tree cover. The spring foliage hid its outline but not the signals from the electronic devices within.

The team launched a reconnaissance drone, which couldn't see much through the trees. But the soldiers had another card to play: high-definition, near-real-time images taken by commercial satellites, delivered directly to their phones, tablets and laptops.

Milei's Online Trolling Fueled His Rise. It's Hurting His Free-Market Overhaul.

BUENOS AIRES-On X, Argentine President Javier Milei has said a former finance minister belongs in the Soviet Gulag, mocked a prominent businessman after his company lost a government contract and labeled critics "traitors," "parasites" and worse.

In the past, such attacks helped turn Milei from an obscure economist into a political phenomenon. They are proving less useful now that he governs.

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This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

06-05-26 0520ET