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EU: ICE to divest Euronext six months after acquisition (Competition Policy International)

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

The Intercontinental Exchange Group is reportedly set to spin-off Euronext, just six months after it acquired the exchange through its purchase of NYSE Euronext. According to reports, ICE plans to float Euronext in an initial public offering later this year, beginning...

Hong Kong: New competition authority pleads for funds (Competition Policy International)

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

As Hong Kong’s new competition law is set to go into effect next year, its Competition Commission is now seeking the funds to adequately enforce the legislation. According to reports, the Commission’s chairwoman Anna Wu Hung-yuk spoke at the economic...

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...
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