Giant US Companies Are Rushing to Europe to Borrow Money
A record number of these so-called reverse Yankee deals have been sold this year at a total value of more than €83 billion ($94 billion), up 35% on 2024, according to data compiled by Bloomberg. That's nearly 14% of overall euro corporate issuance, the data shows.
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Russia decree opens door for Exxon return to Sakhalin-1 project
MOSCOW (Reuters) -Russian President Vladimir Putin on Friday signed a decree that could allow foreign investors, including top U.S. oil major Exxon Mobil, to regain shares in the Sakhalin-1 oil and gas project. The signing of the decree comes on the day Russian president Vladimir Putin meets Donald Trump in Alaska for a summit where opportunities for investment and business collaboration will be on the agenda, alongside talks to find peace in Ukraine. Friday's decree was published as a follow-up to one Putin signed in October 2022, which ordered the seizure of the Sakhalin-1 project. Exxon previously held a 30% operator share in the lucrative project, and is the only non-Russian investor to have quit its stake. Exxon did not immediately reply to Reuters request for comment. The path to Western investment returning to Russia is unclear given the U.S. and European Union would need to lift far-reaching sanctions to facilitate investment. Companies who might wish to return, having spent significant amounts of money to exit the country three years ago, also face high barriers put up by the Russian government. Trump and his team have considered what sanctions they may be able to lift quickly in the case of progress in talks. Sakhalin-1 has to date not been directly designated under extensive U.S. sanctions on Russian energy. The decree stipulates that foreign shareholders must undertake actions to support the lifting of Western sanctions if they want to regain their share. They must also conclude contracts for supplies of necessary foreign-made equipment to the project, and transfer funds to Sakhalin-1 project accounts. Exxon took an impairment charge of $4.6 billion to exit its Russian business after Moscow sent troops into Ukraine in February 2022. In December 2024, Putin signed a decree extending the sale period for the unclaimed Exxon stake in Sakhalin-1 until 2026. The October 2022 decree established Rosneft subsidiary Sakhalinmorneftegaz-shelf as the new operator, allowing the Russian government to decide foreign investors' ownership rights in Sakhalin-1. Alongside Exxon, Russian company Rosneft, India's ONGC Videsh and Japan's SODECO were partner investors. The Russian government allowed both ONGC Videsh and SODECO to keep their stakes. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Updated approval rating polls show where Donald Trump stands in Washington state
New polls conducted by the digital media and research firm Morning Consult show President Donald Trump's approval rating is above water in 27 states, including several key swing states such as Nevada, Georgia, and North Carolina. But the company's surveys, updated on Aug. 12, found that Trump is underwater in some states with important gubernatorial elections this fall, such as Virginia, where 52% of voters disapprove of his job performance, and New Jersey, where 53% disapprove. The Morning Consult polls are refreshed monthly, and they further found that Trump's approval rating in Washington state is one of the lowest in the country. This state-level data was released as the president is making moves on the economy, the war in Ukraine, and crime in the nation's capital. Here's what to know. What is Donald Trump's approval rating in Washington state? According to the Morning Consult polls updated on Aug. 12, Trump's approval ratings in Washington state are: Approve: 41% Disapprove: 56% Don't know / no opinion: 3% In July, Morning Consult's surveys found 40% of Washington voters approved of Trump's job performance, while 57% disapproved. The company's state-level results are based on a three-month average of Morning Consult's daily U.S. tracking survey, according to Morning Consult's methodology. The company polls about 250,000 registered voters nationwide every three months, and the margin of error varies from state to state. Other polls of Washington voters show Trump is similarly unpopular in the state. A daily tracking survey from Civiqs shows Trump's approval rating, as of Aug. 14, was: Approve: 32% Disapprove: 64% Neither approve nor disapprove: 4% A July survey from Cascade PBS/Elway Poll also showed that a majority of Washington voters had negative feelings about the direction of the country. The survey found: 40% of Washington state voters expected things to get much worse in the U.S. over the next year 16% expected things to get somewhat worse 20% expected things to get somewhat better 16% expected things to get much better 8% didn't know Where is Donald Trump least popular? Trump's approval ratings are lowest in Vermont (33%), Massachusetts (35%), Maryland (36%), Hawaii (37%), Connecticut (39%), Oregon (39%), California (41%), Rhode Island (41%), and Washington (41%), according to Morning Consult's latest surveys. Where is Donald Trump most popular? Trump's approval ratings are highest in Wyoming (67%), Idaho (65%), South Dakota (62%), North Dakota (61%), Alabama (60%), Tennessee (60%), West Virginia (59%), Arkansas (58%), and Oklahoma (58%), according to Morning Consult. What is Donald Trump's approval rating in the U.S.? The New York Times keeps a daily average of approval rating polls performed by multiple organizations. As of Aug. 15, Trump's nationwide approval ratings were: Approve: 44% Disapprove: 53% While voters across the political spectrum have expressed disappointment with recent actions taken by Trump, such as his handling of files related to Jeffrey Epstein, the president's support remains strong among Republicans, Ruth Igielnik, New York Times polling editor, reported. How does Trump's approval rate compare to previous presidents? A historical analysis by Gallup shows Trump's approval ratings in July of his first years in office − both as the 45th and 47th presidents − are lower than any other modern president at the same time in their administrations. In a Gallup poll conducted from July 7-21, 37% approved of Trump's job performance. Here is how that compares to other presidents in July of their first year of their term, according to Gallup. Contributing: Kinsey Crowley and Marina Johnson, USA TODAY Network This article originally appeared on Kitsap Sun: New approval rating polls show where WA voters stand on Trump's agenda
