The European Union, under pressure from Germany, will allow more generous state aid to 65 energy- intensive industries than earlier planned to help with the cost of boosting renewable sources, according to three people with knowledge of the matter.
Goldman Sachs Group Inc. and a group of cable makers including Nexans SA were fined a total of 301.6 million euros ($416 million) by the European Union for fixing the price of high-voltage power cables sold to energy providers.
UBS AG may receive full immunity from European Union currency-rigging fines after it was the first to approach antitrust regulators in the probe, sparking criticism that the bank has received enough forgiveness.
JPMorgan Chase & Co. and HSBC Holdings Plc face a European Union complaint as soon as next month as the bloc’s antitrust chief races to fine a quartet of financial companies that snubbed rate-rigging settlements.
SKF AB, the world’s largest maker of ball bearings, and Schaeffler AG were among five companies that agreed to pay a combined 953.3 million euros ($1.3 billion) to settle a European Union probe into an automotive-parts cartel.
The European Union will fine automotive ball-bearings makers as soon as tomorrow in an antitrust settlement, said three people familiar with the case that led three firms to make provisions totaling more than $1 billion.
Hutchison Whampoa Ltd. is offering to help a smaller rival become Ireland’s fourth mobile operator in a bid to win European Union approval for its acquisition of Telefonica SA’s O2 Ireland unit, according to two people familiar with the matter.