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Russian rail cargo volumes fell by record 9.4% in May amid slowing economy
MOSCOW, June 2 (Reuters) - Russian railway cargo volumes fell by 9.4% year-on-year in May to 94.6 million metric tons, the sharpest monthly decline since the start of the war in Ukraine.The data, published on Monday by state-owned monopoly Russian Railways, showed a continuation of a steady downward...Reuters
Mon, Jun 2
Campbell's beats third-quarter estimates as eat-at-home trend boosts demand
June 2 (Reuters) - Campbell's Co CPB.O beat estimates for third-quarter sales and profit on Monday, helped by strong demand for its popular canned food and soups such as Chunky soups and Pace salsa as consumers prefer to eat at home amid an uncertain economy.Fears of a potential recession and pr...Reuters
Mon, Jun 2
New Tesla sales in Spain, Portugal fall in May, while other EV sales soar
MADRID, June 2 (Reuters) - Tesla's TSLA.O new car sales in Spain and Portugal fell in May from the same month in 2024, registration data released by industry groups in both countries showed on Monday, while sales of electric cars from other brands soared.The U.S. EV maker sold 794 cars in Spain...Reuters
Mon, Jun 2
Venezuela ramps ups taxes on private sector as Chevron oil exit bites
Venezuela hikes taxes to offset oil revenue lossPrivate sector faces audits, fines, and increased fees, sources sayConindustria survey: 77% cite taxes as main business obstacle June 2 (Reuters) - Venezuela's government is increasing taxes and public service charges on the private sector to co...Reuters
Mon, Jun 2
Brent holds range, faces resistance near 50-DMA at $67 – Société Générale
Brent crude continues to consolidate in a sideways pattern, with downward momentum still dominant. A potential base formation hinges on holding above recent lows and reclaiming key moving averages, Société Générale's FX analysts note.Fxstreet
Mon, Jun 2
USD/CNH rebounds toward 7.26 resistance after testing 7.16 – Société Générale
USD/CNH’s recent downtrend has paused after finding support near 7.16, with a modest rebound now unfolding. However, upside may remain limited for now, as break below 7.16 can extend the downtrend, Société Générale's FX analysts note.
Fxstreet
Mon, Jun 2
New Tesla sales in Spain fall 29% in May, while other EV sales soar
MADRID, June 2 (Reuters) - Tesla's TSLA.O new car sales in Spain fell 29% in May from the same month in 2024 to 794 vehicles, registration data released by industry group ANFAC showed on Monday, while sales of electric cars from other brands soared.Over the first five months of 2025, sales of Te...Reuters
Mon, Jun 2
Microsoft to invest $400 million in Switzerland on AI, cloud computing
ZURICH, June 2 (Reuters) - Microsoft MSFT.O will invest $400 million in Switzerland, the company said on Monday, with the money going towards developing its cloud computing and artificial intelligence infrastructure.The U.S. tech company announced the investment at a meeting of Swiss Economy Ministe...Reuters
Mon, Jun 2
Microsoft to invest $400 million in Switzerland on AI, cloud computing
ZURICH, June 2 (Reuters) - Microsoft MSFT.O will invest $400 million in Switzerland, the company said on Monday, with the money going towards developing its cloud computing and artificial intelligence infrastructure.The U.S. tech company will announce the investment at a meeting of Swiss Economy Min...Reuters
Mon, Jun 2
Ukraine's Naftogaz to buy new drilling rigs with EBRD loan
KYIV, June 2 (Reuters) - Ukraine's leading natural gas producer, state-run firm Naftogaz, will receive a 36.4 million euro loan from the European Bank for Reconstruction and Development to modernise its drilling equipment, the company said on Monday.Naftogaz produces the lion's share of Ukra...Reuters
Mon, Jun 2
