OAO Gazprom will present proposals to allay the European Union’s antitrust concerns, EU Competition Commissioner Joaquin Almunia said after meeting the company’s Deputy Chief Executive Officer Alexander Medvedev.
UBS AG, Switzerland’s biggest bank, and Britain’s Barclays Plc escaped $4.3 billion in European Union antitrust penalties, vindicating their strategy to reveal to the watchdog collusion to rig benchmark interest rates.
JPMorgan Chase & Co. and two other banks rejected a European Union deal to end an antitrust probe into the rigging of Euribor lending rates, risking higher fines and challenging the future of the EU’s settlement process.
TDC A/S, Denmark’s biggest wireless carrier, joined Nordic rivals in calling for businesses to combine as falling prices in the region’s saturated market hurt earnings and hinder operators’ ability to invest.
UBS AG, Switzerland’s biggest bank, is banning the use of multibank and social chat rooms at its investment-banking division as global regulators probe the alleged manipulation of foreign exchange rates.
Banca Monte dei Paschi di Siena SpA, which pledged to cut its balance sheet by a quarter and curb trading, clinched European Union approval for a 3.9 billion-euro ($5.3 billion) bailout and 13 billion euros in state guarantees.