Author: 21st Century Competition

South Africa: Authorities asked to eye shopping mall exclusivity deals (Competition Policy International)

South Africa’ Competition Commission has reportedly been called on to review exclusivity deals made by shopping malls with retailers.

The South African Real Estate Investment Trust Association has reportedly asked the Commission to investigate such exclusive dealing that the group said could harm competition and hurt economic growth. Reports say malls …read more

US: Rival real estate firms ink $3.5B merger (Competition Policy International)

Two rival real estate listing websites are reportedly set to join forces after striking a multibillion-dollar merger deal.

Zillow will acquire Trulia for $3.5 billion in stock, the firms said Monday. Reports late last week revealed that the two were planning such a deal and that Zillow was seeking a $2 …read more

Global: United Nations looks to competition policy for sustainable growth (Competition Policy International)

The United Nations Conference on Trade and Development held its latest meeting earlier this month to discuss how competition policy could support sustainable development in emerging economies.

The UNCTAD posed on its Website an overview of the event, held in Geneva. The gathering allowed officials from the Organization for Economic Co-operation …read more

US: Lloyds settles LIBOR case with DOJ for $86M (Competition Policy International)

Lloyds bank has reportedly reached a settlement deal with the US Department of Justice over allegations the lender manipulated the LIBOR benchmark rate.

According to reports, Lloyds Banking Group has admitted to wrongdoing and agreed to pay $86 million in fees for the LIBOR manipulation. The settlement was first announced by …read more