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@ISIDEWITH asked…3hrs3H
▲ 22 replies
@ChileDukefrom Arizona submitted…3hrs3H
Western companies, including Avon Products, Air Liquide and Reckitt, have remained in Russia despite saying they planned to leave after the invasion of Ukraine, as bureaucratic obstacles increase and consumer activity rebounds.The Natura-owned cosmetics brand, the French industrial gas producer and the UK consumer group that produces everything from painkillers to condoms are among hundreds of western groups that have stayed in the country since the full-scale invasion in 2022.“Many European companies have found themselves really between a rock and a hard place,” said one executive working with western companies in the country. “They said they’d leave. They were presented with a choice of buyers that were unacceptable to them.”Overall, more than 2,100 multinationals have stayed in Russia since 2022, the Kyiv School of Economics has found, compared with about 1,600 international companies that have either quit the market or scaled back operations.A rebound in consumer activity and “bureaucratic obstacles” are making the companies stay, the outlet suggested.
@ISIDEWITH submitted…3hrs3H
The world’s biggest bond market sold off after weak Treasury sales, with traders also weighing mixed economic data and remarks from Federal Reserve speakers for clues on the policy outlook.Treasuries extended losses after the US sold $70 billion of five-year notes at 4.553% — above the pre-auction level of 4.540%. An earlier offering of $69 billion in two-year notes also came on the soft side. Just a few days before the Fed’s favorite price gauge, a report showed US consumer confidence unexpectedly rose in May — though recession expectations increased as well.“Treasury yields are rising to the high of the day after the 5-year auction was poor,” said Peter Boockvar at The Boock Report. “This follows the 2-year auction earlier today that was mediocre — and will be followed by a 7-year tomorrow.”
▲ 21 reply
@ISIDEWITH submitted…15mins15m
@ISIDEWITH asked…15mins15m
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@ISIDEWITH asked…48mins48m
@RelievedF4irTrade from Kentucky submitted…2hrs2H
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