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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
UK factories struggle as trade uncertainty, higher costs hit, PMI shows
LONDON, June 2 (Reuters) - The downturn in British manufacturing was less steep than first feared in May but output, orders and jobs continued to drop as companies cited recent tax hikes and U.S. President Donald Trump's tariffs, a survey showed on Monday. The final reading of the S&P Global...Reuters
Mon, Jun 2
Tesla sales in Portugal fall 68% in May, while total EVs rise
June 2 (Reuters) - Tesla's TSLA.O new car sales in Portugal fell 68% in May from the same month in 2024 to 292 units, while overall new registrations of light electric vehicles rose about 24%, the country's automobile industry association ACAP said on Monday.In the first five months of the y...Reuters
Mon, Jun 2
Tesla's sale in Norway rises 213% year-on-year in May
OSLO, June 2 (Reuters) - Tesla's TSLA.O sale of new cars in Norway rose by 213% in May from a year ago to 2,600 vehicles, registration data showed on Monday, boosted by a revamped Model Y compact SUV, the country's best-selling automobile in each of the last three years.Year-to-date sales ro...Reuters
Mon, Jun 2
