by 21st Century Competition | Jul 25, 2014 | Global Blogs
The UK is set to fine Lloyds bank this week for allegations of manipulating the LIBOR benchmark rate, according to sources. A joint penalty issued by the UK and US is set to be announced this week by the bank, sources said, and fines could hit up to $500 million. The...
by 21st Century Competition | Jul 25, 2014 | Global Blogs
India’s Competition Appellate Tribunal may jumpstart an investigation into allegations of a coal cartel after a complainant filed an appeal of the Competition Commission of India’s original decision not to probe the matter. A lawyer had initially filed a...
by 21st Century Competition | Jul 25, 2014 | Global Blogs
As China looks to boost competition in the banking industry, authorities announced last Friday that three new private banks have been approved to launch operations in the country. The China Banking Regulatory Commission said three new banks wll enter the market and...
by 21st Century Competition | Jul 25, 2014 | Global Blogs
Industry experts are hoping that Chinese tech conglomerate Alibaba will swoop in to acquire Yahoo despite efforts by Yahoo CEO Marissa Mayer that she will turn the company around. According to reports, investors are hoping Alibaba or another Asian company will acquire...
by 21st Century Competition | Jul 25, 2014 | Global Blogs
Google has reportedly finalized plans to acquire videogame broadcasting company Twitch, a $1 billion deal the company says will expand its YouTube operations. The companies were first reported in May to be discussing a merger. Now, anonymous sources say the firms have...
by 21st Century Competition | Jul 25, 2014 | Global Blogs
A federal judge Thursday expressed concern for the proposed $450 million settlement offered by Apple in a class action lawsuit against the company’s alleged collusion to manipulate eBook prices, reports say. US District Judge Denise Cote said Thursday that...
