Category: Global Blogs

Weekly Roundup – Week of June 16 (Competition Policy International)

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A roundup of last week’s newsworthy job changes, agency hires and law firm openings across the antitrust world.

India: HSBC cleared to transfer banking assets (Competition Policy International)

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

South Africa: Probe launched into in-demand alternative energy source (Competition Policy International)

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

US: Steelmaker spends $90M to settle price-fixing class action (Competition Policy International)

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