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Business Strategy Business Competition

  • Cramer: Here's why I feel great about FedEx...

    The "Squawk on the Street" crew, provide their takeaways from FedEx's conference call.

  • Nike is going to come back but Adidas is killing it: Cramer

    The "Squawk on the Street" crew discuss Nike's quarterly results and growing competition from Under Armour and Adidas.

  • FedEx Q3 misses but sees higher margins

    Donald Broughton, Avondale Partners analyst, peers into FedEx's quarterly results.

  • Nike shares slide on earnings miss but this bull is buying here

    Paul Trussell, Deutsche retail analyst breaks down Nike's quarterly results which beat on earning but missed on revenues as competition from Adidas and Under Armour pressure the stock.

  • JOHANNESBURG, March 10- Sixteen banks accused of colluding to rig South Africa's rand currency could face a competition tribunal in July after a private pre-hearing was held on Friday, a source at the competition commission said. Barclays and Citigroup previously approached South Africa's competition regulators with information linked to the case 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.

  • JOHANNESBURG, Feb 24- South Africa's central bank wants commercial lenders involved in the rand currency rigging scandal to be held accountable, deputy governor Daniel Mminele said on Friday. South Africa's Competition Commission said last week that it had found more than a dozen local and foreign banks had colluded to coordinate trading in the rand and the...

  • South Africa's Competition Commission said last week that it had found more than a dozen local and foreign banks had colluded to coordinate trading in the rand and the U.S dollar using an instant chat room called ZAR Domination, a reference to the rand's official currency market code. Local lender Standard Bank, which is also among the 17 named in the...

  • JOHANNESBURG, Feb 23- South Africa's Standard Bank is engaging with the Competition Commission over the watchdog's investigation into alleged rigging of rand currency trading and has not suspended any employees to date, the bank said on Thursday. "Pending the outcome of these engagements and in the light of these historic allegations only having been...

  • JOHANNESBURG, Feb 23- South Africa's Standard Bank said on Thursday it was engaging with the Competition Commission about an investigation into alleged rigging of rand currency trading and had not suspended any employees to date.

  • STANDARD BANK SAYS ENGAGING WITH SOUTH AFRICA'S COMPETITION COMMISSION TO "BETTER UNDERSTAND" ALLEGATIONS OF FX COLLUSION.

  • 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...

  • 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.

  • 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...

  • 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...

  • JOHANNESBURG, Feb 16- South Africa's ruling ANC party called on Thursday for the toughest possible sanctions against more than a dozen local and foreign banks accused of rigging the rand currency, piling political pressure on lenders that have become a target for public anger. The Competition Commission said on Wednesday it had found the banks, including U.S.,...

  • 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...