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A total of 224 Swiss companies have committed to CO2 reduction targets aligned with the Paris Climate Agreement by joining the Science Based Targets initiative (SBTi). This includes major corporations like ABB, Givaudan, and Nestlé, with over 80 new members since the start of the year. Only three companies have withdrawn from the initiative.
The global Power Distribution Components market is projected to grow at a CAGR of 6% from 2023 to 2030, driven by the need for efficient transmission systems and increasing electricity demand, particularly in emerging economies. Distribution panels are expected to dominate the market, while fixed-mount configurations are favored in industrial applications. North America is anticipated to see significant growth due to aging infrastructure and the rise of renewable energy sources.
The Swiss stock market showed minimal movement, with the SMI down 0.07% to 8215.17 points and the SPI down 0.04% to 8908.21 points. Credit Suisse saw a surprising profit but fell 2.25%, while UBS and Julius Bär also declined. Defensive stocks like Nestlé and Roche had mixed results, and Logitech surged 7.83% in the broader market.
The Swiss stock exchange started the week positively, with the SMI Guiding Values Index rising 1.51% to 7982.44 points, while the SPI gained 1.50% to 8311.73 points. The market's optimism is fueled by increasing oil prices, benefiting companies like Transocean and cyclical stocks such as ABB and Adecco. Notable gains were also seen in banking and insurance sectors, with UBS and Swiss Re performing well, while EFG International faced a decline after announcing its acquisition of BSI.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Swiss companies commit to science based targets for CO2 reduction
Novartis AG
Nestlé S.A.
Givaudan SA
Holcim AG
ABB Ltd
CHE
Nestlé
Holcim
Givaudan
Novartis
ABB
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11:11 16.11.2024
global power distribution components market projected to grow steadily through 2030
United States Dollar
Eaton
Schneider Electric S.E.
ABB Ltd
Mitsubishi Electric Corporation
Siemens
USA
Eaton
Schneider Electric
Mitsubishi Electric Corporation
Siemens
ABB
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22:05 13.11.2024
Swiss stock market shows minimal movement amid mixed corporate earnings and monetary policy concerns
Richemont DNS Inc.
Julius Bär Stiftung
Novartis AG
Logitech SA
Clariant AG
Hoffmann-La Roche AG
Swatch AG
Credit Suisse Anlagestiftung
Swiss Life AG
Swiss Re AG
Zurich Insurance Group AG
ABB Ltd
UBS AG
LafargeHolcim Ltd.
Nestlé S.A.
BOBST MEX SA
Basel Cantonal Bank
Adecco Group AG
CHE
Swiss Re
Novartis
Roche
Nestlé
Bobst
Zurich
Logitech
Julius Bär
ABB
LafargeHolcim
Swatch
Credit Suisse
UBS
Richemont
Basel Cantonal Bank
Adecco
Swiss Life
Clariant
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18:41 09.11.2024
Swiss stock exchange rallies as oil prices rise and key stocks gain
United States Dollar
Julius Bär Stiftung
Adecco Group AG
Hoffmann-La Roche AG
Nestlé S.A.
LafargeHolcim Ltd.
ABB Ltd
Swiss Re AG
Transocean Ltd.
Novartis AG
UBS AG
Zurich Insurance Group AG
EFG International AG
Credit Suisse Anlagestiftung
FRA
CHE
EFG International
Novartis
Adecco
Transocean
Nestlé
ABB
Julius Bär
Swiss Re
Roche
Zurich
UBS
LafargeHolcim
Credit Suisse
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20:10 08.11.2024
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