ECB's Lagarde says foreign investors are confident about Europe
European Central
Bank
President Christine Lagarde said on Thursday that the
euro
zone appeared to be attracting more foreign investment recently, in a sign that investors are increasingly confident in Europe's economic outlook.
"I would say that the economy is responding quite well to our
monetary policy
, and is delivering on that front," Lagarde told reporters at her regular press conference after the bank's latest rate-setting meeting.
"We perceive a serious momentum to improve, to change, to simplify, to streamline, and to encourage and .. welcome
capital
into Europe. And we are seeing it: The reverse Yankee bonds, significant increase that we have seen in the last few weeks, is a clear indication that there is
trust
in our system," she said.
A reverse Yankee bond is a debt security issued by a U.S. company in a foreign market denominated in another currency, such as the euro.
"The capital flow that we are seeing as well - whether it is European investment returning to Europe or a bit of non-European investment coming to Europe - all that is an indication that at least market forces, investors, those who move real money around, actually see value and have confidence in Europe."
Live Events
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Maharashtra achieves highest agro food exports in financial year 2024-25
N ashik: The state has achieved a 15% increase in its agricultural, processed, and food product exports, hitting an all-time high of Rs47,017 crore in the financial year 2024-25. This significant surge solidifies the state's position as a leading agricultural exporter. While the export volume for the financial year 2024-25 stood at 54.14 lakh tonnes, a slight dip from the 55.79 lakh tonnes recorded in 2023-24 fiscal, the substantial rise in value underscores a highly successful year. This data comes from the Agricultural and Processed Food Products Export Development Authority (APEDA), which operates under the Union Commerce Ministry. In the previous fiscal year (2023-24), the state's exports in this segment were around Rs40,898 crore. The state's diverse export portfolio includes a wide array of products such as bananas, grapes, onions, various other fruits, bovine meat, alcoholic beverages, and rice. Breaking down the export values for 2024-25 fiscal, bovine meat led the way at Rs10,300 crore, followed by fresh fruits (including bananas, grapes, and pomegranates) at Rs9,500 crore, and non-basmati rice at Rs6,613 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo The export of bovine meat increased by 20% — from Rs8,565 crore in 2023-24 to Rs10,300 crore in 2024-25. The export of fresh fruits also registered a 17% rise, from Rs8,100 crore in 2023-24 to Rs9,500 crore in 2024-25. The export of fresh fruits in 2024-25 includes bananas (Rs2,839 crore), grapes (Rs2,781 crore), pomegranates (Rs371 crore), and others (Rs3,405 crore). Interestingly, exports of other fruits increased by 32% to Rs3,405 crore in 2024-25 as against Rs2,566 crore in the previous year. Other exports include pulses at Rs2,100 crore, cereal preparations at Rs2,093.43 crore, jaggery and confectionery at Rs1,620 crore, onions at Rs1,436 crore, and alcoholic beverages at Rs1,353.52 crore. Vice-president of Horticultural Produce Exporters' Association (HPEA) Vikash Singh said the rise in export is because of the incentives being given by the Centre and state in the food sector. "There is huge potential for export of bananas, and govt needs to focus on increasing its export," he said. "The APEDA has been taking measures to boost export of grapes for the past decade, particularly in European countries, and this is showing results. Just like grapes, the APEDA also needs to find new markets to increase the export of onions, particularly in European countries," he added. Singh further said the Centre should also provide green lanes at the JNPT Mumbai for containers of perishable goods for faster clearance. "In 2014, the Centre had made an announcement about a separate green lane for faster clearance for containers of perishable goods, but it is yet to be executed," he said. Get the latest lifestyle updates on Times of India, along with Eid wishes , messages , and quotes !
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
JBM auto to enter global e-bus mkt with first launch in Germany next month
The product has been developed based on extensive research that included feedback from potential customers in the European market Puja Das Delhi Listen to This Article JBM Auto, a $3 billion global Indian conglomerate, is preparing to enter the international electric bus (e-bus) market with its first launch of a city bus, Eco-life, in Germany this month, said vice-chairman and managing director Nishant Arya. The launch comes at a time when India and the European Union (EU) are negotiating a free trade agreement (FTA), anticipated to conclude by the end of this year. JBM plans to launch several global products in regions, including North America, South America, Southeast Asia, the Asia Pacific, West Asia, and African countries this year. With entering Germany, the Indian automaker plans to
New Indian Express
2 hours ago
- New Indian Express
Tottenham fires coach Ange Postecoglou despite ending trophy drought with Europa League title
LONDON: Ange Postecoglou was sacked as Tottenham manager on Friday, just 16 days after the Australian ended the club's 17-year trophy drought by winning the Europa League. Postecoglou led Tottenham to a 1-0 victory over Manchester United in Bilbao to clinch the north Londoners' first European prize in 41 years and secure a place in next season's Champions League. But the Australian paid the price for Tottenham's worst domestic season since they were relegated from the top flight in 1976-77. "Following a review of performances and after significant reflection, the Club can announce that Ange Postecoglou has been relieved of his duties," a statement on Tottenham's official X account said. Exactly two years after he was hired from Celtic, Postecoglou's eventful spell in north London was brought to a ruthless end by chairman Daniel Levy. Tottenham lost 22 of their 38 Premier League games to finish 17th in the table, above only relegated trio Leicester, Ipswich and Southampton. "The Board has unanimously concluded that it is in the best interests of the club for a change to take place," the statement said. "Whilst winning the Europa League this season ranks as one of the club's greatest moments, we cannot base our decision on emotions aligned to this triumph. "It is crucial that we are able to compete on multiple fronts and believe a change of approach will give us the strongest chance for the coming season and beyond. "This has been one of the toughest decisions we have had to make and is not a decision that we have taken lightly, nor one we have rushed to conclude. "We have made what we believe is the right decision to give us the best chance of success going forward, not the easy decision." Postecoglou had forcefully defended his track record during the season and bristled at the constant questions over his future after his trophy success.
