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Legislation Antitrust

  • *Fed to release minutes at 2:00 p.m. ET. The company is set to win antitrust approval from European Union regulators for its $130 billion merger with Dow Chemical, sources told Reuters. Policymakers, including Fed Chair Janet Yellen, have been hinting at the possibility of a rate hike at an upcoming meeting.

  • District Judge Kevin Castel in Manhattan said several claims in the proposed class action must fail because of a lack of evidence that the defendants conspired to restrain trade or because they involved foreign conduct. He also said only two of the six plaintiffs had antitrust standing: the California State Teachers' Retirement System, one of the world's...

  • CAPE TOWN, Feb 21- South Africa's Competition Commission has granted Barclays Africa conditional immunity from prosecution in return for its continuing cooperation in the rand currency trading probe, the head of the Commission said on Tuesday. It recommended fines amounting to 10 percent of the banks' South African revenues in a scandal that has piled...

  • CAPE TOWN, Feb 21- South Africa's Competition Commission has granted Barclays Africa conditional immunity from prosecution in return for its continuing cooperation in the rand currency trading probe, the head of the Commission said on Tuesday. It recommended fines amounting to 10 percent of the banks' South African revenues in a scandal that has piled...

  • CAPE TOWN, Feb 21- South Africa's competition watchdog has granted Barclays Africa conditional immunity from prosecution in return for its continuing cooperation in the rand currency rigging probe, the head of Competition Commission said on Tuesday. Citigroup agreed to pay $5 million as settlement for its role in the cartel, the anti-trust watchdog said on...

  • CAPE TOWN, Feb 21- South Africa's competition watchdog said on Tuesday it would be seeking maximum penalties against other local and foreign banks alleged to be involved in colluding to fix the rand currency.

  • JOHANNESBURG, Feb 20- South Africa's Competition Commission has fined the local arm of Citigroup 69.5 million rand for its role in a foreign currency trading cartel, the regulator said on Monday. Following the announcement of the settlement Citibank N.A. South Africa said that it aimed to improve its internal systems and monitoring processes.

  • JOHANNESBURG, Feb 20- South Africa's Competition Commission has reached an agreement with Citibank N.A. for its role in a forex trading cartel, the anti-trust watchdog said on Monday.

  • NEW YORK, Feb 17- Japan's SoftBank Corp Group may have renewed interest in combining its Sprint Corp with Deutsche Telekom AG's T-Mobile US Inc, but a deal between the No. 3 and No. 4 U.S. wireless carriers may not make it past U.S. regulators, antitrust experts and industry watchers said. The companies are expected to begin negotiations in April after the Federal...

  • South Africa's Competition Commission said on Wednesday it had found more than a dozen local and foreign banks colluded to coordinate trading in the South African and U.S. currencies. In the case of the alleged rigging of the rand, the Competition Commission said it had recommended fines amounting to 10 percent of the banks' South African annual revenues to the...

  • HONG KONG, Feb 16- A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. McDonald's said last month it had agreed to sell the bulk of its China and Hong Kong business...

  • HONG KONG, Feb 16- A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. McDonald's said last month it had agreed to sell the bulk of its China and Hong Kong business...

  • *Hejun Vanguard Group filed two complaints with MOFCOM. HONG KONG, Feb 16- A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. Beijing- based Hejun Vanguard Group, a...

  • Feb 15- Anthem Inc on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust regulators. Judge Travis Laster of Delaware's Court of Chancery granted the temporary order, saying it would keep the deal together so Anthem...

  • JOHANNESBURG, Feb 15- South Africa's competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday. The Commission, which investigates anti-trust practices, said it had referred the case for prosecution to the...

  • JOHANNESBURG, Feb 15- South Africa's competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday. The Competition Commission said it had concluded an investigation into whether banks colluded by using an instant...

  • People walk past an office building of health insurer Anthem in Los Angeles.

    Anthem will appeal a federal court ruling rejecting its $54 billion merger with Cigna and asked for an expedited hearing to make its case.

  • People walk past an office building of health insurer Anthem in Los Angeles.

    The ruling marks another victory for anti-trust officials, who sued the companies in July last year to stop the deal.

  • LONDON, Feb 6- BT has become the first major telecoms company to back Google in a battle with EU regulators, defending the "stability and compatibility" of the Android operating system, which is in the sights of anti-trust regulators. The EU says Google stifles competition by forcing smartphone makers to pre-install its search function and browser to access its...

  • SAO PAULO, Feb 3- A Brazilian merger creating the world's largest for-profit education company could hamper competition and lead to higher costs for consumers, antitrust agency Cade said on Friday. The agency's preliminary finding was contained in a report by its economic studies department, which gauged the impact of the proposed takeover of Estácio...