Archive – Banking & Fintech

“Sensitive” car aims to curb road rage

This content was published on Mar 3, 2005 The Zurich-based firm unveiled its latest concept car, the futuristic “Senso”, at the 75th International Motor Show in Geneva this week. Designed to adapt to a person’s state of mind, the Senso uses biometric data to determine whether a driver is in a hostile or sluggish mood. “An onboard camera records the driver’s movements, including…

Geneva motor show hits 100

This content was published on Mar 3, 2005 Opening the event on Thursday, Swiss President Samuel Schmid praised the motor show – which this year celebrates its 100th anniversary – as a success story. In his speech, he issued a call for an environmentally responsible road traffic policy but said individuals also had a part to play in ensuring road building was kept…

Economy contracts but no new recession

This content was published on Mar 3, 2005 But federal economists say the negative development is in line with world trends and does not spell the start of a new recession. The State Secretariat for Economic Affairs (Seco) said on Thursday that compared with the previous quarter GDP fell by 0.1 per cent – the first drop after five consecutive quarters of growth.…

Holcim report whets shareholder appetite

This content was published on Mar 2, 2005 In the introduction, Holcim explains to shareholders why it pounced twice in January to announce major planned acquisitions, one in Britain and the other in India. Basically known as a cement producer, Holcim surprised more than one analyst with its move to acquire Britain’s Aggregate Industries, which has leading positions not only in Britain but…

Book celebrates car show’s centenary

This content was published on Mar 2, 2005 In honour of the centenary, a 300-page commemorative book has been published looking back at the show’s history and European automotive progress. The Geneva show has survived both rivalry with German-speaking Switzerland and an automobile industry crisis, and remains one of the major events of its kind worldwide. Joëlle de Syon, co-author of 1905-2005 –…

Companies plan more investments this year

This content was published on Mar 2, 2005 The latest survey from the Swiss Institute for Business Cycle Research (KOF) indicates that new investments should help slightly boost economic growth this year. The survey, carried out between October and December last year, shows that projects are more likely to go ahead this year as an export-led recovery improves domestic sentiment. The number of…

Holcim results outstrip forecasts

This content was published on Mar 2, 2005 The firm attributed the improved annual result to “solid” internal growth and a global upsurge in construction activity, leading to increased demand for concrete, cement and aggregates. Net sales rose by nearly five per cent to SFr13.22 billion, with sales volumes increasing across all regions and business segments. Operating profit on sales (earnings before interest…

Converium announces further job losses

This content was published on Mar 1, 2005 Senior management told a news conference in Zurich that about 140 redundancies could be expected outside the United States by the end of 2005, including roughly 80 at the company’s Zurich headquarters. In addition, US staffing levels are expected to drop from about 220 in August 2004 to around 90 in March 2005, as Converium…

Givaudan perfumer has nose for success

This content was published on Mar 1, 2005 The expert is constantly on the track of a fragrance to become the new best seller in the highly competitive global perfume market. Wandel is a senior perfumer at the Geneva-based Givaudan, the world’s largest producer of flavours and fragrances. Speaking at a recent event at the company’s facility at Kempthal near Zurich, she explained…

Profit at Givaudan rises on cost cuts

This content was published on Mar 1, 2005 The figure fell short of market expectations, but the company is proposing another bumper dividend to shareholders. Sales at the company, which is based just outside Geneva, were SFr2.68 billion, or a decline of 0.4 per cent in Swiss francs on the 2003 figure. The slight decrease mainly reflected the impact of the United States…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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“Sensitive” car aims to curb road rage

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Geneva motor show hits 100

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Economy contracts but no new recession

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Holcim report whets shareholder appetite

More

Book celebrates car show’s centenary

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Companies plan more investments this year

More

Holcim results outstrip forecasts

More

Converium announces further job losses

More

Givaudan perfumer has nose for success

More

Profit at Givaudan rises on cost cuts

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