 |
Musk: Time to tackle dealer dispute
Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
Read
Sponsored Links
EU regulators drop antitrust probe into e-payments market
European Union Competition Commissioner Joaquin Almunia holds a news conference on the proposed merger between United Parcel Service Inc and TNT Express in Brussels January 30, 2013.
Credit: Reuters/Yves Herman
PARIS |
PARIS (Reuters) - EU regulators will drop a 16-month investigation into a group of banks including HSBC, Deutsche Bank (DBKGn.DE) and BBVA (BBVA.MC), after it abandoned plans to launch a standardization process for e-payments, the EU's antitrust chief said on Friday.
The decision by the European Payments Council "will allow us to close our investigation because alternative, non-bank systems could then remain in or enter the market", EU Competition Commissioner Joaquin Almunia told a Concurrences Journal conference in Paris.
The European Commission opened the investigation into the EPC in September 2011 following a complaint by German online payment provider Payment Network AG.
(Reporting by Foo Yun CheeCharlie Dunmore)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters