As Airtel Networks looks to compete in Kenya’s mobile-money transfer industry, reports say the company has requested that antitrust officials probe market leader Safaricom over allegations the company is abusing its dominant position.
Airtel is set to enter the mobile-money transfer industry next month through a joint venture with top lender …read more
In what is India’s first-ever instance of foreign investment in a domestic supermarket retailer, reports say UK grocery giant Tesco has entered India’s market.
Tesco joined local retailer Tat’s Trent through a joint venture, reports say, as Tesco announced that the partnership is now fully in place.
The 50-50 joint venture received …read more
JPMorgan Chase has reportedly settled with West Virginia over allegations the bank manipulated the municipal derivatives market in violation of antitrust law.
According to reports, West Virginia Attorney General Patrick Morrisey announced the settlement Tuesday; JPMorgan will pay a reported $400,000 to settle the case, which is now considered closed.
The matter …read more
The European Commission is reportedly set to unconditionally approve of cement giant Holcim’s acquisition of Mexico-based rival Cemex in Germany, but the Commission has not yet been notified of Cemex’s proposed merger with another rival, Lafarge.
Sources said the Commission is set to approve of Switzerland-based Holcim’s Germany acquisition without concessions …read more