From Investing.com: 2024-05-12 01:10:33

France announces Morgan Stanley will open new European office in Paris, accompanied by two other companies’ 700-million-euro investments. Minister Le Maire expects 100 new jobs from the bank’s ‘European campus’, along with 1,000 more from German and Swiss firms’ projects. Annual ‘Choose France’ summit aims to attract foreign investors amid economic challenges.

Le Maire stresses need for EU capital markets union to compete with China and US. Urges investments in new economy sectors like renewable energy and AI. Emphasizes importance of attracting capital to boost European productivity and innovation. Paris aims to enhance its status as a leading European business center amidst financial competition from other global hubs.

Z/Yen survey ranks Paris 14th in global financial centers, trailing behind Frankfurt. French oil major TotalEnergies considers primary listing in New York stock market. Le Maire to meet with top financial executives during ‘Choose France’ event to secure more investments and bolster industrial and economic projects.

Event raised 13 billion euros in foreign investments last year. Roundtable discussions to engage financial investors and promote Paris as a strategic hub for international businesses. France seeks to strengthen ties with major financial institutions and advance economic growth with targeted investments.

($1 = 0.9286 euros)



Read more at Investing.com: France wins jobs at Morgan Stanley and other investments ahead of key summit By Reuters