Category: Global Blogs

EU: Forex probe slow but steady, says Commission (Competition Policy International)

The European Commission continues to trudge through information regarding allegations of manipulation of the foreign exchange market, the regulator said Thursday, but warned the public not to expect an outcome for another several weeks.

Reports say a senior EU official told reporters that the regulator is analyzing information regarding alleged forex-rigging …read more

Saudi Arabia: Agenda to promote IPOs finally takes off (Competition Policy International)

While Saudi Arabia has been hoping for years to open its market up to foreign investment, it has only recently seen the optimal time to do so as the Gulf region’s regulation has relaxed and nations look to diversify their economies.

According to reports, the latest sign of new competition entering …read more

US/UK: Healthcare tech conglomerate may use merger to shift overseas (Competition Policy International)

Leading healthcare technology firm Medtronic is reportedly looking to acquire UK-based Smith & Nephew, a deal reports say could shift Medtronic’s finances overseas.

The US firm, which is the largest manufacturer of heart rhythm technologies, is evaluating a possible acquisition of the London company, which currently has a market value of …read more

France: Orange can’t keep Bouygues buyout plans under wraps for long (Competition Policy International)

Wireless giant Orange has reportedly hired banks to advise on its plans to acquire Bouygues, unnamed sources said.

Reports emerged weeks ago that the French company could be planning to make an offer for its competitor. Experts suggest the acquisition could reach a value of more than $8 billion.

While reports say …read more