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ECB President Christine Lagarde said that any EU decision on using frozen Russian state assets for Ukraine must adhere to international law. The bloc is exploring a plan to invest the immobilised funds in bonds, with the proceeds potentially forming a "Reparations Loan" to Ukraine. Lagarde emphasised the importance of financial stability and the euro's credibility in this process.
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News and Media
Mexico's agriculture ministry confirmed a new screwworm case in Nuevo Leon, originating from southern Mexico. The infested calf was treated, rendering larvae unviable, and did not affect other animals in the shipment. This detection, separate from a September case, has prompted continued U.S. import restrictions on Mexican cattle.
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News and Media
LG Electronics India is set to launch an IPO, aiming to raise over 11,000 crore. The company boasts strong financials, with higher revenue, Ebitda, and a remarkable 37.1% return on net worth for FY25 compared to rivals. Its attractive valuation, with a lower P/E multiple than peers, makes it a compelling long-term investment opportunity.
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News and Media
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