Vienna, Austria
Vienna, Austria

Verbund AG, formerly known as Verbundgesellschaft or Österreichische Elektrizitätswirtschafts-AG, is Austria's largest electricity provider. Verbund covers around 40 percent of electricity demands in Austria and generates 90 percent thereof from hydro power. In addition, Verbund operates the supraregional power grid through its subsidiary APG. Verbund AG is listed both on the Vienna Stock Exchange and in the ATX, the key index of Austrian stock-listed companies. The largest shareholder, at 51%, is the Republic of Austria. Wikipedia.


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News Article | May 16, 2017
Site: www.businesswire.com

DALLAS--(BUSINESS WIRE)--Jacobs Engineering Group Inc. (NYSE:JEC), as one of BASF’s Global Engineering Partners for Large Capital Projects, provides engineering, procurement and construction management services for BASF sites worldwide. Under this global partnership, Jacobs has now been appointed to execute services at BASF’s site in Ludwigshafen, Germany. With an area of approximately ten square kilometers the Ludwigshafen Verbund site is the world’s largest integrated chemical complex. “This assignment strengthens the relationship between BASF and Jacobs and represents recognition for our team’s efforts,” said Jacobs SVP & GM Downstream for Petroleum and Chemicals Mark Bello. “We remain committed to providing a high level of service and value to support BASF with the continuous improvement and safe delivery of high-quality projects.” Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our Form 10-K for the year ended September 30, 2016, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.


MONHEIM AM RHEIN, Deutschland--(BUSINESS WIRE)--Das globale Chemieunternehmen Oxea hat in seiner Carbonsäure-Produktionsanlage in Oberhausen eine bedeutende Erweiterung erfolgreich abgeschlossen und dadurch seine Produktionskapazität für kurzkettige Fettsäuren wie Propionsäure, Buttersäure und Isobuttersäure deutlich erhöht. Oxea produziert Buttersäure und Propionsäure in Tierfutterqualität. Diese Produkte sind von großer Bedeutung für die Futtermittelindustrie und dienen als Bausteine zur Herstellung von Futtermitteln, die frei von antibiotischen Leistungsförderern (ALF) sind, so genannte ALF-freie Futtermittel. Die kurzkettigen Fettsäuren aus der aufgerüsteten Anlage in Oberhausen werden unter GMP+ B2 (Good Manufacturing Practice) gehandhabt und sind zertifiziert nach HACCP (Hazard Analysis Critical Control Point). Damit entsprechen sie insbesondere den Anforderungen aus dem Tierfuttersektor. Dr. Oliver Borgmeier, Vizepräsident Operations Derivatives Europe & China bei Oxea, erläuterte die Bedeutung dieser Säuren-Anlagen-Erweiterung: „Mit den jüngsten Investitionen in unsere Produktionsstätten erhöhen wir die weltweite Versorgungssicherheit für unsere Kunden erheblich. Wir können unsere kurzkettigen Fettsäuren nunmehr in weiteren Anlagen produzieren und steigern damit deutlich die Produktion von Säuren in unserem standortübergreifenden Verbund von Mehrprodukte-Säuren-Anlagen, der sog. Acids-Platform von Oxea.“ „Diese Anlagenerweiterung an unserem Standort Oberhausen ist nur ein erster Schritt zum kurz- und mittelfristigen weiteren Ausbau unserer Carbonsäure-Kapazitäten. Wir werden das sehr umfangreiche Carbonsäuren-Portfolio von Oxea in allen Bereichen weiter ausbauen, zum Beispiel im Bereich der Schmierstoffe und synthetischen Fluide, Körperpflegeprodukte und Lack- und Beschichtungszusätze“, kommentierte Cristóbal Ascencio, Executive Vice President Derivatives. „Die Investition in unsere Säuren-Produktionsanlage in Oberhausen ist ein weiteres Beispiel für unser Engagement und die selektive Wachstumsstrategie unseres CEOs Dr. Salim Al Huthaili. Wir werden weiterhin in unsere starken globalen Produktionsplattformen investieren und unser Produktangebot stärken“, sagte Ascencio weiter.


Grant
Agency: European Commission | Branch: H2020 | Program: IA | Phase: LCE-07-2014 | Award Amount: 19.12M | Year: 2015

Four major Distribution System Operators (in Italy, France, Spain and Sweden) with smart metering infrastructure in place, associated with electricity retailers, aggregators, software providers, research organizations and one large consumer, propose five large-scale demonstrations to show that the deployment of novel services in the electricity retail markets (ranging from advanced monitoring to local energy control, and flexibility services) can be accelerated thanks to an open European Market Place for standardized interactions among all the electricity stakeholders, opening up the energy market also to new players at EU level. The proposed virtual environment will empower real customers with higher quality and quantity of information on their energy consumptions (and generation in case of prosumers), addressing more efficient energy behaviours and usage as through advanced energy monitoring and control services. Accessibility of metering data, close to real time, made available by DSOs in a standardized and non-discriminatory way to all the players of electricity retail markets (e.g. electricity retailers, aggregators, ESCOs and end consumers), will facilitate the emergence of new markets for energy services, enhancing competitiveness and encouraging the entry of new players, benefitting the customers. Economic models of these new services will be proposed and assessed. Based on the five demonstrations, while connecting with parallel projects funded at EU or national levels on novel services provision, the dissemination activities will support the preparation of the Market Place exploitation strategies, as well as the promotion of the use cases tested during the demonstration activities.


Grant
Agency: European Commission | Branch: FP7 | Program: CP | Phase: ENERGY-2007-7.3-05 | Award Amount: 4.57M | Year: 2008

The overall impact from SUSPLAN is contribution to a substantially increased share of renewable energy sources (RES) in Europe at an acceptable level of cost, thereby increasing security of supply and competitiveness of RES industry. The results will ease PAN-European harmonisation and lead to a more integrated European energy market. The main objective is to develop guidelines for more efficient integration of RES into future infrastructures as a support for decision makers at regional as well as Pan-European level. The guidelines shall consist of strategies, recommendations, criteria and benchmarks for political, infrastructure and network decision makers and power distributors with a time perspective 2030-2050. The guidelines will be established by: (i) Performing comparative scenario analysis in selected representative regions and at a trans-national level based on real data, comprehensive multi-disciplinary knowledge and by using advanced quantitative models. The scenario studies will cover technical, market, socio-economic, legal, policy as well as environmental aspects. (ii) Application of a bottom-up approach by comparing regional and trans-national possibilities, challenges and barriers. (iii) Systematic evaluation and comparison of the future possibilities for development. (iv) Generalisation of the results. Through this process SUSPLAN will contribute to: - Improve and harmonise knowledge and consciousness in the different regions of EU regarding how to achieve more efficient integration of RES into future infrastructures - Make information easily available for all interested actors regarding scenarios for a sustainable development of the European energy system. The results will be disseminated by active participation of relevant actors from the representative regions in the project, by workshops, a web-page with open reports with results and a database with all data, which is possible to make open.


HELSINKI, March 01, 2017 /PRNewswire/ -- Caverion has signed a EUR 5 million Large Project contract with Gemeinschaftskraftwerk Inn GmbH (GKI) – a consortium of the public sector clients Verbund Tiroler Wasserkraft AG (TIWAG), Engadiner Kraftwerke AG (EKW) and VERBUND AG – for the implementation planning and technical installation of Electricity and Ventilation systems, including the associated automation technology, for a new hydropower station. In Austria Caverion has recently successfully completed, for example, the "Limberg II" hydropower plant on a similar scale. Construction work will begin in February 2017 and will be finished by end of 2020. GKI is building a new cross-border hydropower plant in the upper Inn valley in cooperation with EKW, TIWAG and VERBUND to provide sustainably produced electricity to approximately 90,000 private households. Caverion's work covers all areas of electrical engineering, such as medium and low voltage distribution, switchgear and plug-in devices, fire detection systems, safety, interior and exterior lighting, and cabling – including messaging and data. The order also includes the fitting of the ventilation systems and building management systems, and safety engineering. "We constantly focus on working pro-actively, offering the best solutions for our clients, consequently optimising internal processes and costs. Caverion was selected to join the project due to its previous experience from similar operations and the existing, essential quality requirements for power plant projects," says Manfred Simmet, Senior Vice President & CEO, Division Austria of Caverion. For further information, please contact: Daniela Harrison, Communications Manager, Caverion Austria, tel. +43 50606 4267, daniela.harrison@caverion.com This information was brought to you by Cision http://news.cision.com http://news.cision.com/caverion/r/caverion-has-been-awarded-a-contract-to-install-electrical-and-ventilation-systems-for-the-hydropowe,c2202202 The following files are available for download:


„Mobile Urban Gardening" also hält der Rinspeed-Boss dem martialischen Auftritt entgegen. Der feine zweisitzige Flitzer sieht mit seinen großen Glasflächen und verkleideten Vorderrädern ziemlich futuristisch aus und erinnert ein bisschen an eine moderne Interpretation der Star-Wars-Ikone R2D2. Gemeinsam haben beide, dass sie sich auf ihren Rädern fast auf der Stelle drehen können. Im Falle des „Oasis" dank speziellem Lenkungswinkel, zwei radnaher E-Motoren und „Torque Vectoring", alles entwickelt von ZF am Bodensee. Nicht nur durch den Kleingarten entsteht im Wageninneren ein neuer Lebensraum. Für ein modernes und weiß gestyltes Wohnzimmer-Ambiente sorgen Sessel, Sideboard und TV. Alles wirkt freundlich und einladend. Hier haben die innovativen schwäbischen Textilentwickler bei Strähle+Hess gemeinsam mit dem niederländischen Unternehmen Stahl, dem Weltmarktführer für Leder- und diverse Kunststoffoberflächen in automobilen Innenräumen, ganze Arbeit geleistet. Entstanden ist ein bemerkenswerter Verbund von natürlichem und funktionalem Leder mit verschiedenen Ausprägungen, Oberflächen und Textilien mit leuchtenden Keder-Akzenten. Die Schoeller Spinning Group steuerte hierzu ein neu entwickeltes hochelastisches Garn aus Wolle bei. Beachtenswert: der elegante Sitzkasten von GF Automotive in bionischem Leichtbau aus Aluminium wie auch die futuristischen, ausfahrbaren Ausströmer und die Mehrzweck-Ablagebox von der Dr. Schneider Unternehmensgruppe. Der Fußboden besteht sogar aus echtem Holz und wurde von MeisterWerke kreiert. Alle Verklebungen in und am „Oasis" sind mit innovativen Klebstoffen von Sika Automotive realisiert. Die Interaktion mit dem Harman-System findet über das 5K-Breitbild-Display statt, das sich in leichtem Bogen vor den „Oasis"-Passagieren aufspannt. Die Steuerung erfolgt per Sprache oder Geste. Im manuellen Modus sind stets die wichtigsten Anzeigen in einer reduzierten Darstellung sichtbar, die elektronischen Rückspiegel sind gedimmt, solange sie nicht benötigt werden. Das ZF-Lenkrad lässt sich mit einem Handgriff umklappen und verwandelt sich so in eine Tastatur oder Ablagefläche. Das Auto wird somit zum autonom rollenden Büro inklusive kompletter Office- Suite und Skype-Video-Telefonaten mit Live-Übersetzung. Der persönliche Assistent erkennt nicht nur, welcher der Insassen gerade mit ihm redet, sondern auch dessen Muttersprache. Per Wischgeste werden im Cockpit interessante News ausgetauscht und auf den sozialen Kanälen geteilt. Auf der Lenksäule ist in zehnjähriger Tradition eine mechanische Uhr von Carl F. Bucherer integriert: die neue Manero Flyback, welche durch die Lenkbewegungen auch gleich aufgezogen wird. Der nächste Business-Trip ruft. Nach dem Absetzen am Flughafen chauffiert der „Oasis" ein sympathisches Pärchen in die City, das per Facebook nach einer Mitfahrgelegenheit gesucht hatte. Via Twitter stellt sich der „Oasis" dann für die spontane Nutzung durch Freunde des Besitzers zur Verfügung, die ihn per WhatsApp und anderer Social Media Apps herbeirufen können. Zwei Tage später fährt der „Oasis" wieder an der Ankunftshalle des Flughafens vor, dank Harman LIVS pünktlich auf die Minute und unbeirrt von eventuellen Flugverspätungen, Staus und langen Schlangen am Gepäckband. Städtischer Gartenbau auf Rädern als neuer Trend? Ein wenig durchgeknallt? Mag sein. Wie immer aber ist die Kreation des Schweizer Mobilitätsvordenkers Frank M. Rinderknecht in der ansonsten doch recht weitläufigen automobilen Ödnis eine Oase für Inspiration - zu sehen auf der CES in Las Vegas, auf der NAIAS in Detroit und im Frühjahr 2017 - sozusagen im eigenen Vorgarten des Eidgenossen - auf dem Genfer Autosalon. Wie immer in Szene gesetzt durch die saarländische Werbeagentur Vollmond. Der „Oasis" wird an der CES Las Vegas im Hard Rock Hotel beim Harman-Event vom 4. bis 7. Januar 2017 und anschliessend am ZF-Stand an der NAIAS in Detroit vom 9. bis 22. Januar 2017 ausgestellt.


News Article | February 24, 2017
Site: globenewswire.com

FLORHAM PARK, N.J. and LUDWIGSHAFEN, Germany, Feb. 24, 2017 (GLOBE NEWSWIRE) -- In 2016, BASF achieved the growth and earnings goals it set for itself. The chemicals business grew successfully and profitability improved further. As expected, earnings in Oil & Gas did not match the previous year’s level. “As the year progressed, we were able to increase BASF’s growth. Our sales volumes rose from quarter to quarter. Particularly in Asia, we continually increased our sales volumes in the chemicals business. This shows that the high investments we made in research and development and new production capacity in recent years are paying off,” said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, at the Annual Press Conference in Ludwigshafen. In the fourth quarter of 2016, sales increased by 7% to €14.8 billion compared with the same quarter of 2015, mainly due to higher volumes. For BASF Group, as well as the chemicals business, which comprises the Chemicals, Performance Products and Functional Materials & Solutions segments, volumes rose by 6%. Income from operations (EBIT) before special items was €1.2 billion, €157 million higher than in the prior-year quarter. Considerably higher earnings in Chemicals, Functional Materials & Solutions and Oil & Gas more than compensated for lower earnings in Agricultural Solutions and Other. For the full year 2016, sales decreased by 18% to €57.6 billion. This was mainly due to the divestiture of the gas trading and storage business as part of the asset swap with Gazprom at the end of September 2015. This business had contributed €10.1 billion to sales in 2015. In total, portfolio effects lowered sales by 15%. In addition, lower raw material prices led to a drop in sales prices (minus 4%). The company was able to continually raise sales volumes over the course of the year. Compared with the previous year, volumes increased by 2%, and in the chemicals business, by 4%. Currency effects slightly dampened sales (minus 1%). At €6.3 billion, EBIT before special items was €430 million below the prior-year level. This was largely a consequence of a decline of about €850 million in the Oil & Gas segment, mainly resulting from falling prices and the divestiture of the natural gas trading and storage business. The activities transferred to Gazprom had contributed around €260 million to EBIT before special items in 2015. In the Agricultural Solutions segment, EBIT before special items matched the previous year’s level. The chemicals business increased earnings considerably thanks to sharply improved contributions from the Performance Products and Functional Materials & Solutions segments. At €4.1 billion, net income exceeded the previous year’s level of €4.0 billion. Earnings per share increased from €4.34 to €4.42. In a volatile market environment, BASF’s share price developed very positively, closing out the year at €88.31, around 25% higher than at the end of the previous year. With dividends reinvested, the performance of BASF shares rose by 30%, considerably outperforming the DAX 30 (+7%), the DJ EURO STOXX 50 (+4%) and the MSCI World Chemicals (+11%). “We are continuing our dividend policy and at the Annual Shareholders’ Meeting we will propose to raise the dividend again, by €0.10 to €3.00,” said Bock. BASF shares thus once again offer a high dividend yield of 3.4% based on the closing share price at the end of 2016. Sales at companies headquartered in North America were down by 6% compared with 2015 in both euro and local currency terms, amounting to €14,682 million. This was largely due to decreased sales prices brought about by lower raw material prices, especially in the Chemicals segment. Sales volumes remained stable overall. Rising volumes in the Functional Materials & Solutions segment were able to offset the lower volumes in the Chemicals and Performance Products segments. EBIT fell 14% to €1,113 compared with the previous year. Significantly increased contributions from the Performance Products and Functional Materials & Solutions segments were only partially able to compensate for the sales and margin-related earnings decline in the Chemicals segment. “In this region, we continue to focus on innovation, attractive market segments and cross-business initiatives in order to grow profitably,” said Wayne T. Smith, Chairman and CEO, BASF Corporation. “At the same time, we are enhancing our operational excellence through continuous improvement. Investments in new production facilities form the basis for future growth.” The company is building a new ammonia plant in Freeport, Texas, with Yara; expanding production capacities for its dicamba and dimethenamid-P herbicides in Beaumont, Texas; and modifying the plant in Pasadena, Texas, to produce Palatinol® DOTP plasticizer so it can meet growing demand in North America. In addition, production capacity of MDI at the Geismar, Louisiana, Verbund site will gradually be expanded. Bock: “We are cautiously optimistic for 2017. We want to grow further, with all segments contributing to this growth. More importantly: We want to increase our earnings again, also in the oil and gas business. The global economy will presumably grow about as fast as in 2016. In light of significant political uncertainty, volatility will remain high.” A considerable slowdown in growth in the European Union is expected. For the United States, a slight upturn in growth is anticipated. Growth in China is likely to continue to slow further. And it is expected that the recession in Brazil and Russia will end. For its outlook, BASF assumes the following economic conditions for 2017 (previous year figures in parentheses): In 2017, BASF Group sales are expected to grow considerably. This will be supported by slightly higher sales in the Performance Products segment and by considerable increases in the remaining segments as well as in Other. Bock: “We want to slightly raise EBIT before special items compared with 2016. We anticipate considerably higher contributions from the Oil & Gas segment. In the Performance Products, Functional Materials & Solutions and Agricultural Solutions segments, we assume EBIT before special items will be slightly higher, while the contribution from the Chemicals segment will match the prior-year level.” In light of the major political and economic uncertainties, BASF will continue its strict discipline with respect to expenditures and costs. The strategic excellence program, DrivE, contributes to this aim. Starting at the end of 2018, the company expects this program to contribute around €1 billion in earnings each year compared with the baseline 2015. The earnings contribution amounted to €350 million in 2016. After a phase of high investments, BASF scaled these back in 2016 by more than €1 billion as previously announced. The company invested a total of €3.9 billion in capital expenditures (excluding additions to property, plant and equipment resulting from acquisitions, capitalized exploration, restoration obligations and IT investments). “In the coming years, we plan to invest at a comparable level. We are now filling the existing capacity in our new plants and thus building on the volume momentum seen last year,” said Bock. Development of the segments in the 4th quarter and full year 2016 In the Chemicals segment, fourth-quarter sales increased by 12% to €3.6 billion, driven by higher volumes and prices. EBIT before special items rose by €386 million to €635 million. This was mainly due to higher margins, especially in isocyanates and cracker products. For the full year, sales decreased by 8% to €13.5 billion. This was attributable to lower prices as a result of a decline in raw material prices, especially in the Petrochemicals division. Higher volumes could not compensate for this. EBIT before special items fell by €92 million to €2.1 billion, mainly because of higher fixed costs from new production plant startups. Lower margins in the Petrochemicals and Intermediates divisions also dampened EBIT before special items. Higher margins for isocyanates in the Monomers division helped slow the decline. In the Performance Products segment, sales in the fourth quarter declined by 1% to €3.6 billion. EBIT before special items rose slightly to €231 million supported by improved margins. At €15.0 billion, full-year sales were 4% below the level of the previous year. This was primarily attributable to falling sales prices and the divestitures completed in 2015. EBIT before special items increased by €379 million to €1.7 billion. This was mostly due to significantly reduced fixed costs thanks to restructuring measures and strict fixed cost management, in addition to improved margins. In the Functional Materials & Solutions segment, fourth-quarter sales grew by 10% to €5.0 billion driven by higher volumes. EBIT before special items increased by €69 million to €458 million due to volumes growth, a favorable product mix and continued cost discipline. Sales for the full year increased by 1% to €18.7 billion. By increasing volumes in all divisions, lower prices and mildly negative currency effects could be more than compensated for. The volumes growth was mainly attributable to higher demand for products for the automotive industry. Business with the construction industry saw sales volumes at a high level overall. EBIT before special items rose by €297 million to €1.9 billion compared with 2015. All divisions contributed to this considerable earnings increase, particularly the Performance Materials division. In the Agricultural Solutions segment, sales in the fourth quarter rose by 10% to €1.3 billion thanks to higher volumes. EBIT before special items decreased by €65 million to €79 million due to higher fixed costs, partly resulting from new or expanded production facilities, for example for the herbicide dicamba. For the full year, sales fell by 4% to €5.6 billion as a result of lower sales volumes and negative currency effects. The challenging market environment for crop protection products particularly dampened demand for insecticides in South America and for fungicides in Europe. Prices matched the level of 2015. Strict cost management enabled fixed costs to be reduced in the Agricultural Solutions segment. Thanks to this development, EBIT before special items matched the previous year’s level at €1.1 billion despite the sales decline. In the Oil & Gas segment, fourth-quarter sales increased by 26% to €922 million due to higher volumes and prices. EBIT before special items grew by €36 million to €163 million. Sales for the full year decreased by 79% to €2.8 billion year-on-year. Owing to the asset swap with Gazprom completed at the end of September 2015, contributions from the natural gas trading and storage business and from Wintershall Noordzee B.V. ceased as of the fourth quarter of 2015. These activities had contributed €10.1 billion to sales in 2015. In the continuing oil and gas business, volumes grew by 15% compared with 2015, while price and currency effects amounted to minus 15%. EBIT before special items declined by €849 million to €517 million in 2016. This was primarily the result of falling oil and gas prices, in addition to the divestiture of the gas trading and storage business to Gazprom. The activities transferred to Gazprom had contributed around €260 million to EBIT before special items in 2015. Sales in Other decreased by 22% to €518 million in the fourth quarter. EBIT before special items declined to minus €386 million, down from minus €114 million in the fourth quarter of 2015. Full-year sales fell by 28% to €2.0 billion compared with 2015. Lower prices and volumes in the raw materials trading business were primarily responsible, along with the expiration of supply contracts in connection with the disposal of BASF’s share in the Ellba Eastern Private Ltd. joint operation in Singapore at the end of 2014. EBIT before special items in Other declined by €162 million to minus €1.1 billion. This was largely attributable to valuation effects for the long-term incentive program. Positive currency effects helped slow the decline. At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com. On February 24, 2017, you can obtain further information from the internet at the following addresses: This release contains forward-looking statements. These statements are based on current estimates and projections of BASF management and currently available information. Future statements are not guarantees of the future developments and results outlined therein. These are dependent on a number of factors; they involve various risks and uncertainties; and they are based on assumptions that may not prove to be accurate. BASF does not assume any obligation to update the forward-looking statements contained in this release.


WASHINGTON, 28. Februar 2017 /PRNewswire/ -- Am 27. Februar 2017 wandte sich der Systemic Risk Council (SRC) mit einer Grundsatzerklärung an die Finanzminister, Staatsoberhäupter, Finanzchefs und Vorsitzende der Legislativausschüsse der G20-Staaten. „Der SRC hat unsere Ansicht zu den wichtigsten Komponenten für ein sicheres Finanzsystem auf Papier festgehalten", erklärte Sir Paul Tucker, Vorsitzender des SRC. Er sagte weiter: „Angesichts der fortdauernden Debatten auf globaler Ebene, der potentiellen Veränderungen in der US-Politik bei der Systemstabilität und der anhaltenden Probleme in Europa, steht der SRC bereit, um konkrete Kommentare und Empfehlungen zu geben, damit sich politische Entscheidungsträger weiterhin für ein starkes Finanzsystem einsetzen." Der Systemic Risk Council wurde vom CFA Institute gegründet, einer weltweiten Organisation mit über 147.000 Investmentexperten, die sich für die Interessen von Investoren einsetzen und Maßstäbe für die professionelle Exzellenz im Finanzsektor setzen. In ihrer Grundsatzerklärung hob der SRC die enorme Bedeutung der fünf Grundpfeiler des globalen Reformprogramms hervor: 1. Anordnung einer deutlich höheren Common Tangible Equity für Banken, um das Bankrottrisiko zu senken, wobei einzelne Unternehmen mehr Eigenkapital beisteuern müssen, damit die sozialen und ökonomischen Folgen eines Bankenbankrotts für sie schwerer wiegen; 3. Befähigung für Behörden, eine systemweite Ansicht zu vertreten, über die sie die Belastbarkeit aller Mittelsmänner und Marktaktivitäten unabhängig von deren formellen Art gewährleisten können, die materiell für die Belastbarkeit des Systems in ihrer Gesamtheit relevant sind; 4. Vereinfachung des Netzwerks der Erkennung unter den Mittelsmännern über ein Mandat, über das soweit wie möglich eine zentrale Abwicklung von Derivattransaktionen vonseiten zentraler Gegenparteien erfolgt, die über alle Maßen belastbar sind; und 5. Umsetzung von erweiterten Regelwerken zur Klärung von Finanzmittlern jeglicher Form, Größe und Nationalität, damit selbst in einer Krisenzeit wichtige Dienste für Privatpersonen und Unternehmen ohne Solvenzhilfe für Steuerzahler aufrechterhalten werden – ein System, bei dem Anleihegläubiger angelockt werden, anstatt dass eine Bank in den Notverkauf flüchtet. Der SRC mahnt an, dass sich derzeit angesichts der Schuldenkrise und der makroökonomischen Ungleichgewichte nicht ausgeruht werden oder das globale Reformprogramm gelockert werden darf, um Krisensituationen auf dem Weg zur Erholung abzudämpfen. Es sollte sich weiterhin vorrangig um die Stabilität des Finanzsystems gekümmert werden. Die ungekürzte Version der Grundsatzerklärung finden Sie hier: http://www.systemicriskcouncil.org/wp-content/uploads/2017/02/Systemic-Risk-Council-Policy-Statement-to-G20-Leaders.pdf. Der unabhängige, überparteiliche Systemic Risk Council (www.systemicriskcouncil.org) wurde gegründet, um die ordnungspolitische Reform in den USA und an den globalen Kapitalmärkten hinsichtlich des Systemrisikos zu überwachen und anzutreiben. Der SRC wird vom CFA Institute finanziert, ein globaler Verbund von mehr als 147.000 Investmentexperten, die sich für die Interessen von Investoren einsetzen und Maßstäbe für die professionelle Exzellenz im Finanzsektor setzen. Der SRC arbeitet auf gemeinschaftliche Weise und einigt sich gemeinsam auf Empfehlungen. Die Erklärungen, Dokumente und Empfehlungen des privaten, ehrenamtlichen SRC entsprechen nicht in allen Fällen den Ansichten des CFA Institute. Chair (Vorsitzender): Sir Paul Tucker – Akademiker an der Harvard Kennedy School und ehemaliger Deputy Governor der Bank of England Chair Emeritus: Sheila Bair – Hochschulpräsidentin am Washington College und ehemalige Vorsitzende der FDIC Baroness Sharon Bowles – ehemalige Abgeordnete des Europäischen Parlaments und ehemalige Vorsitzende des Ausschusses für Wirtschaft und Währung vom Europaparlament Jan Pieter Krahnen – Professor für Kreditwirtschaft und Finanzierung an der Goethe-Universität in Frankfurt und Direktor des Centres for Financial Studies Ira Millstein – Senior Partner von Weil Gotshal & Manges LLP John Reed – ehemaliger Vorsitzender und Geschäftsführer von Citicorp und Citibank Lord Adair Turner – ehemaliger Vorsitzender der britischen Financial Services Authority und ehemaliger Vorsitzender des Financial Stability Boards vom Standing Committee on Supervisory and Regulatory Cooperation Nout Wellink – ehemaliger Präsident der niederländischen Zentralbank und ehemaliger Vorsitzender des Basel Committee on Banking Supervision * Die Zugehörigkeiten werden nur zu Erkennungszwecken angegeben. SRC-Mitglieder vertreten ihre Ansichten als unabhängige Personen. Die Aussagen in diesem Brief beruhen auf ihren persönlichen Ansichten und nicht den Ansichten der Organisationen, für die sie tätig sind.


News Article | February 28, 2017
Site: www.prnewswire.com

GÖTEBORG, Schweden, February 28, 2017 /PRNewswire/ -- Mit dem Volvo Concept Truck hat Volvo Trucks sein erstes Hybridfahrzeug entwickelt, das für Fernverkehrsaufgaben konzipiert ist. Im Verbund mit den anderen Verbesserungen des Fahrzeugs senkt der Antrieb den Kraftstoffverbrauch und...


News Article | February 28, 2017
Site: www.prnewswire.co.uk

GÖTEBORG, Schweden, February 28, 2017 /PRNewswire/ -- Mit dem Volvo Concept Truck hat Volvo Trucks sein erstes Hybridfahrzeug entwickelt, das für Fernverkehrsaufgaben konzipiert ist. Im Verbund mit den anderen Verbesserungen des Fahrzeugs senkt der Antrieb den Kraftstoffverbrauch und...

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