The NZ Commerce Commission is taking three international airlines to court alleging poor disclosure while it probes allegations of price fixing in the $NZ400 million air cargo market.The commission said it has filed criminal charges in Auckland District Court against Cathay Pacific Airways, Singapore Airlines and Aerolineas Argentinas.The charges...
Internationalization of markets, and therefore, the price-fixing activity, is a relatively recent phenomenon in the life of the law. Before the 1990s, there were few price-fixing cases involving global markets and global cartels. The increase in global price fixing, coupled with increased enforcement activity during the past decade, has generated...
This paper examines the interaction between the different modes of market access commitments in services (cross-border and establishment) market structure, and regulation. The paper focuses on the impact of improved domestic market access for a Foreign Service provider on a domestic service market. It works with a model where the...
VIENNA AFP — OPEC on Tuesday revised down its forecast for growth of world oil demand this year to 1.20 percent from 1.28 percent, citing the economic slowdown and high fuel prices. "The new price structure and slower world economy have helped dampen oil demand growth in many...
WELLINGTON AFP — New Zealand's fair trade watchdog said Wednesday it had charged three carriers, including Cathay Pacific and Singapore Airlines, with failing to provide information to a cargo price-fixing probe. The Commerce Commission said it had filed criminal charges against the two firms and Aerolineas Argentinas over...
ATLANTA, July 15 /PRNewswire/ -- Some remember the 1970s when the stock market index was flat for an entire decade. Due to the OPEC oil cartel driving energy prices way up while inflation was simultaneously ratcheting up, the market went sideways. "Now, thirty years later, we appear...
VALLETTA AFP — A move by the Maltese government to unlock a death grip on hearses by just 11 undertakers met with an indefinite, nationwide transport strike on Monday. Buses, minibuses and taxis blocked major arteries across the Mediterranean island state, notably around the capital Valletta and the...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD Thomas Cook (TCG.L) and Air Berlin (AB1G.DE) have cancelled Air Berlin's planned takeover of Thomas Cook's German charter airline, Condor. The plans were announced in September 2007, but have now been dropped. According to the BBC, there was...
NEW YORK AFP — Oil prices shot higher Thursday on the back of simmering geopolitical tensions over key producer Iran and lingering worries over stretched global crude supplies, traders said. The International Energy Agency IEA, meanwhile, forecast that tension on oil markets was set to ease early next...
VIENNA AFP — OPEC secretary general Abdalla Salem El-Badri declined to say Thursday whether the cartel would be prepared to boost output at its next meeting in September in order to help curb the rise in oil prices. "September is a long time away and we will decide...
CARTAGENA, Colombia AFP — US Republican presidential hopeful John McCain waded into drug policy Wednesday, on the second day of a Latin America tour meant to burnish his foreign policy and national security credentials. McCain wrapped up an overnight stay in Colombia, the world's top producer of cocaine,...
MADRID AFP — The proposal for a "gas OPEC" that would group the world's biggest gas exporters as a cartel took several knocks this week at a leading energy conference as key producers backed away from the idea. "To begin with, I think putting the word 'gas OPEC'...
MADRID AFP — OPEC president OPEC Chakib Khelil said Tuesday the oil cartel was concerned about future demand, underlining that the cartel is in no mood to pump more crude to cool record prices. "The concern we have is about the security of demand," Khelil, who is also...
MADRID AFP — The president of OPEC, Chakib Khelil, said on Tuesday that the oil cartel had concerns that future demand for oil might not be strong enough to justify investment to boost oil production. "The concern we have is about the security of demand," Khelil, who is...
A FUNNY THING HAPPENED on the way to work the other day. BBC radio reported that the Chinese regime of Hu Jin Tao would increase the price of petrol by US$0.46 a gallon. In its infinite wisdom, the Chinese leadership thinks this will dampen demand for petrol by a marauding...
SAN ANTONIO, June 26 /PRNewswire/ -- In a world that is dealing with economic instability, how can companies get more out of their shrinking marketing budgets? The need for integrated and non-traditional marketing strategies continues to increase along with the need for agencies with the capabilities to satisfy...
MEXICO CITY AFP — Mexico will extradite to the United States alleged drug kingpin Benjamin Arellano Felix, on five drug trafficking charges, the office of Mexico's top prosecutor said Tuesday. "The Attorney General's office reports that the government of Mexico has granted extradition to the United States of...
BRUSSELS AFP — OPEC president Chakib Khelil on Tuesday rebuffed calls from oil consuming countries to increase supply, saying the cartel had already done what it could on high prices. "OPEC has already done what OPEC can do and prices will not come down," Khelil told journalists as...
NEW YORK AFP — Oil prices edged higher Tuesday after OPEC's president rebuffed calls for the cartel to boost output and the dollar weakened on expectations the Federal Reserve will leave interest rates unchanged. New York's main oil futures contract, light sweet crude for August delivery, rose 26...
SINGAPORE AFP — Oil prices "will not come down," OPEC president Chakib Khelil said on Tuesday, assuring that the oil cartel has already done what it can on the matter. "OPEC has already done what OPEC can do and prices will not come down," Khelil told journalists as...
