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France wins jobs at Morgan Stanley and other investments ahead of key summit

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France said Morgan Stanley would open a new European office in Paris, while two other companies announced a combined investment worth 700 million euros ($753.8 million), as the country prepared to host a key annual foreign investment summit.

The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, U.S. April 17, 2017. REUTERS/Shannon Stapleton/File PhotoGerman firm Lilium makes 400 mln euros investment, opens new tab

Le Maire was speaking as President Emmanuel Macron was set to host the annual 'Choose France' event on Monday aimed at wooing big overseas businesses and investors. He said that at a European Union meeting in Brussels this week he would reaffirm the need for a capital markets union to facilitate investments into new areas of the economy such as renewable energy and artificial intelligence.

"Europe needs money. If not, it will continue to lose out in terms of productivity to the United States and China."The closely watched Z/Yen survey of global financial centres, published in March, put Paris in 14th place, behind Frankfurt, with

Source: News Formal (newsformal.com)

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