×

Legislation Antitrust

  • WASHINGTON/ BOSTON, March 17- Makan Delrahim, a veteran lobbyist on President Donald Trump's transition team, is expected to be nominated to head the U.S. Justice Department's Antitrust Division, two sources familiar with the vetting process told Reuters on Friday. Delrahim is expected to move to the Justice Department after finishing up in the White House...

  • BRUSSELS, March 17- Air France-KLM, British Airways and nine other airlines were hit with a 776 million euro fine by EU antitrust regulators on Friday for taking part in an air cargo cartel more than a decade ago. The European Commission re-imposed the penalties after Europe's second highest court in 2015 annulled the EU executive's 2010 decision due to a...

  • MEXICO CITY, March 16- Antitrust measures announced last week that would split up Carlos Slim's America Movil and open its fixed line network to competition may help Mexico's dominant telecommunications provider reduce labor costs, according to a labor union spokesman. Paula Garcia, spokeswoman for America Movil, declined to comment on whether the...

  • JOHANNESBURG, March 16- South Africa's Competition Tribunal will hold a hearing in July where banks accused of colluding to rig the rand currency will make their submissions, the anti-trust body said on Thursday. The tribunal, an anti-trust oversight body, said the commission has until the end of March to supplement its complaint against Bank of America...

  • JOHANNESBURG, March 16- South Africa's Competition Tribunal will hold a hearing in July where banks accused of colluding to rig the rand currency will make their submissions, the anti-trust body said on Thursday.

  • MEXICO CITY, March 15- A lack of competition in Mexico's rail freight sector, which is dominated by Grupo Mexico and Kansas City Southern de Mexico, has resulted in high customer prices, Mexico's antitrust watchdog said on Wednesday, citing preliminary findings. The probe, by regulator Cofece's investigations arm, said miner Grupo Mexico, Kansas City Southern de...

  • WARSAW, March 15- Poland aims to use "all legal means" to block the European Union's proposed terms for settling its antitrust investigation into Russian gas company Gazprom, the country's foreign minister said on Wednesday. He declined to say what those proposals are but said Poland and Ukraine, which has not bought gas from Russia for more than a year because of a...

  • BRUSSELS, March 13- EU antitrust regulators said on Monday concessions by Russia's Gazprom aimed at avoiding fines should allay concerns of market abuse, signaling a thaw in business ties between Moscow and Brussels despite tensions over Ukraine and Syria. If the deal comes into force, Russia's state gas exporter will escape fines of up to 10 percent of its...

  • BRUSSELS, March 13- German engineering company Siemens and Spain's Gamesa have won unconditional antitrust approval from the European Union to create the world's biggest maker of wind turbines, the EU's competition regulator said on Monday. "The Commission found that the transaction raises no competition concerns because a number of credible competitors...

  • BRUSSELS, March 13- Gazprom is ready to comply with EU rules to end a five-year antitrust case and avoid fines, the bloc's competition commissioner said on Monday, signalling a thaw in business ties between Moscow and Brussels despite tensions over Ukraine. Eight member states in the east, all formerly dominated by Moscow, now have until May 4 to object to the EU...

  • EU ANTITRUST REGULATORS PROVISIONALLY ACCEPT GAZPROM SETTLEMENT, REQUEST FEEDBACK FROM CENTRAL AND EASTERN EUROPEAN STATES.

  • BRUSSELS, March 13- Gazprom is ready to comply with EU rules to end a five-year antitrust case and avoid fines, Europe's competition commissioner said on Monday, signalling a thaw in business ties between Moscow and Brussels despite tensions over Ukraine. "They address our competition concerns and provide a forward looking solution in line with EU rules," EU...

  • BRUSSELS, March 13- Gazprom is ready to comply with EU rules to end a five-year antitrust case and avoid fines, Europe's competition commissioner said on Monday, signaling a thaw in business ties between Moscow and Brussels despite tensions over Ukraine. "They address our competition concerns and provide a forward looking solution in line with EU rules," EU...

  • MEXICO CITY, March 9- Shares of billionaire Carlos Slim's America Movil slumped on Thursday after regulators ratcheted up antitrust measures aimed at breaking Slim's hold on Mexican telecoms, adding uncertainty to the outlook for his principal cash cow. America Movil was the cornerstone of Slim's rise to top the global rich list for several years, but a...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil, controlled by the family of Slim, has been subject to tougher regulations since 2014 as...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil, controlled by the family of Slim, has been subject to tougher regulations since 2014 as...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil is controlled by the family of Slim, one of the world's richest men.

  • JOHANNESBURG, March 2- Standard Bank, accused by South Africa's anti-trust watchdog of being involved in the rigging of rand currency trading, has asked the regulator to spell out its specific allegations as the bank's own investigations have not uncovered any wrongdoing. "We are unable to determine from that precisely what the infraction we are accused of is,"...

  • BRUSSELS, March 2- German engineering company Siemens and Spain's Gamesa are set to win unconditional EU antitrust approval to create the world's biggest wind turbine maker, two people familiar with the matter said on Thursday. The merged company, with a market capitalisation of around 10 billion euros, will combine Siemens' strength in offshore windpower and...

  • JOHANNESBURG, March 2- South Africa's Standard Bank is still in talks with anti-trust authorities over allegations by the Competition Commission that it was involved in the rigging of rand currency trading, its chief executive said on Thursday.