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Singapore: Millions in car parts price-fixing fines hit new record (Competition Policy International)

by 21st Century Competition | May 27, 2014 | Global Blogs

Three Japanese car parts manufacturers have been slammed with $7.42 million in fines for price-fixing claims by Singapore antitrust authorities, reports say. The Competition Commission of Singapore issued the fines against Nachi Fujikoshi, NSK and NTN. The sanctions...

France/Germany: Siemens appeals for merger plan to combat GE dominance (Competition Policy International)

by 21st Century Competition | May 27, 2014 | Global Blogs

Germany engineering giant Siemens has reportedly appealed to French lawmakers to promote its planned acquisition of French competitor Alstom in part of the company’s plans to strengthen its position against US rival General Electric. According to unnamed...

UK: Barclays fined after FCA gold-fixing settlement (Competition Policy International)

by 21st Century Competition | May 27, 2014 | Global Blogs

The UK’s Financial Conduct Authority has reportedly imposed fees of $43.9 million onto major bank Barclays for allegedly manipulating gold prices. According to reports, the FCA found Barclays traders manipulated the gold benchmark fix between 2004 and 2013....

EU: Commission sets deadline for UK, Spain telco deal (Competition Policy International)

by 21st Century Competition | May 27, 2014 | Global Blogs

The European Commission announced it will decide by July 2 on whether to allow UK-based telco giant Vodafone’s nearly $10 billion acquisition of Spain’s Ono. The regulator reportedly announced Monday that it has set the deadline. Vodafone first announced...

US/UK: Pfizer, AstraZeneca merger bites the dust (Competition Policy International)

by 21st Century Competition | May 27, 2014 | Global Blogs

Just days after UK pharmaceutical firm AstraZeneca rejected a $119 billion acquisition bid, Pfizer says it will no longer pursue the acquisition, ending the chances of a new top industry player of emerging. Pfizer announced Monday it would no longer pursue AstraZeneca...
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