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EU: Commission takes action over bank rate-rigging scandal (Competition Policy International)

by 21st Century Competition | May 20, 2014 | Global Blogs

The European Commission has reportedly found evidence that major banks JPMorgan Chase, HSBC and Credit Agricole colluded to manipulate the interbank lending benchmark known as Euribor. Reports say the Commission has sent a statement of objections to the banks...

US: Mega flour merger gets a pass (Competition Policy International)

by 21st Century Competition | May 20, 2014 | Global Blogs

The largest flour mill in the US has just gotten even bigger after the US Department of Justice approved of merger plans, say reports. Top flour mill Horizon Milling, a joint venture of Cargill and CHS, will merge with ConAgra Foods in a transaction that will...

Germany: Financial authority forex probe ‘much bigger’ than Libor (Competition Policy International)

by 21st Century Competition | May 20, 2014 | Global Blogs

Germany’s financial regulator, known as Bafin, announced this week that it has discovered evidence of manipulation of the foreign exchange market and that its investigation is “much, much bigger” than that conducted into Libor benchmark manipulation. The...

Hong Kong: New competition regime chooses first order of business (Competition Policy International)

by 21st Century Competition | May 20, 2014 | Global Blogs

As Hong Kong’s new competition regime is set to launch in the first half of 2015, and the Competition Commission is already setting out its agenda to hit the ground running. According to reports, the regulator’s chairwoman Anna Wu Hung-yuk emphasized that...

US: FTC bars non-poaching agreements for ski gear makers (Competition Policy International)

by 21st Century Competition | May 20, 2014 | Global Blogs

The Federal Trade Commission has reportedly settled with ski equipment manufacturers accused of anticompetitive behavior by striking non-poaching agreements with each other, a practice that has recently come under fire following the high-profile class action against...

UK: CMA steadfast on Eurotunnel ruling despite reexamination (Competition Policy International)

by 21st Century Competition | May 20, 2014 | Global Blogs

The Competition and Markets Authority has upheld the former Competition Commission’s decision that requires ferry servicer Eurotunnel to divest its controversial Dover route, say reports. The Commission, which was combined with the Office of Fair Trading to...
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