Brazil’s antitrust regulator CADE cracked down on six major cement firms for alleged price-fixing that occurred over the span of two decades, reports say.
A total of $1.4 billion in fines was imposed onto the companies, which include Holcim and Camargo. Authorities have also ordered the companies to divest significant assets, …read more
Apple confirmed the news of its planned $3 billion acquisition of Beats Wednesday and, according to reports, the deal means Apple will continue running the Beats Music smartphone app for both Android and Windows.
It marks the first time Apple will continue running an app on rival platforms following an application; …read more
UK telco giant Vodafone has reportedly met with Indian financial officials, sources said, and while the nature of the meetings was not disclosed, Vodafone is currently in the midst of a tax dispute in India stemming from its acquisition of Hutchison Whampoa.
According to reports, Indian officials, including India Finance Secretary …read more
As regulators around the globe continue to pursue widespread allegations of foreign exchange benchmark rigging, LIBOR and Euribor manipulation and commodities price-fixing, reports say banks are turning to high-tech innovations to help curb the market abuse.
A major trend emerging within the world’s largest banks in the wake of the scandals …read more