HSBC has been approved to transfer its banking operations in India to Doha Bank, based in Qatar, according to reports.
The Competition Commission of India gave the green light to HSBC Oman Friday after finding the transaction would not harm competition. Among regulators’ chief concerns is the Reserve Bank of India’s …read more
The Competition Commission of South Africa has reportedly launched a probe into the liquefied petroleum gas industry as the fuel becomes a crucial alternative energy source following rising energy costs and power cuts, reports say.
The Commission launched the inquiry to ensure the proper function of the market, though added that …read more
One of several steelmakers in the US has reportedly settled a class action lawsuit alleging the companies of colluding to fix steel product prices, reports say.
ArcelorMittal reached an agreement to pay $90 million to settle claims; three other steel companies had previously settled for a combined $15.9 million.
”ArcelorMittal continues to …read more
Just one day after reports emerged that UAE-based Etihad and India-based Jet Airways, which have inked a joint venture deal, are under competition scrutiny in Singapore, Etihad has clarified that the companies are seeking antitrust immunity in various jurisdictions, including in Singapore.
”We wish to clarify that Following Etihad Airways’ investment …read more