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Business Strategy Business Competition

  • 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...

  • JOHANNESBURG, Feb 15- South Africa's competition watchdog has recommended a fine equal to 10 percent of annual turnover for several banks, including Citigroup, Nomura and Standard Bank, 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...

  • MEXICO CITY, Jan 19- A Mexican tribunal struck down a ruling on Thursday that said broadcaster Grupo Televisa did not have market power in pay television, two people with knowledge of the matter said, opening the door to tougher rules against the company. The move by the tribunal upheld a legal challenge to the 2015 ruling by the Federal Telecommunications...

  • Leisurewear wars: Nike vs. Under Armour

    Sam Poser, Susquehanna Financial Group, and Camilo Lyon, Canaccord Genuity, discuss growing competition in the athletic wear space and where they see the best play.

  • ZURICH, Dec 21- The Swiss Competition Commission fined several European and U.S. banks almost 100 million Swiss francs over interest rate cartels, the latest punishment dished out in connection with rate-rigging scandals. COMCO began its investigation in December 2012, after Barclays Plc became the first bank to settle allegations it had attempted to...

  • JOHANNESBURG/ LONDON, Dec 15- Anheuser-Busch InBev will sell its stake in South Africa's Distell Group to state-owned pension fund Public Investment Corp, it said on Thursday, as agreed during its takeover of SABMiller. South Africa's Competition Commission made the disposal a condition of the $100 billion takeover. Distell's other large shareholders,...

  • Alaska Air, Virgin America merger done deal

    CNBC's Phil LeBeau reports on Alaska Air's goal to compete with other major airlines.

  • Two of Australia's largest pension funds, AustralianSuper and Cbus, intend to manage in-house at least 20 percent of their combined A $140 billion in assets within the next decade. To do that they are wagering on their market power as Australia's current A $2.1 trillion pool of retirement savings is set to reach an astronomical A $10 trillion by 2035, according...

  • Sen. Moran: Competitiveness is about keeping jobs in US

    Sen. Jerry Moran, (R-Kan.), talks about boosting American competitiveness in business. Also Moran weighs in on the goal of tax reform.

  • A girl recites English letters for other students during class at a kindergarten for children of migrant workers, in Beijing.

    Shanghai has pipped Hong Kong in English-language proficiency for the second time, according to a new report.