Tag: CADE

• Thursday, July 2nd 2020 - 08:12 UTC

  Brazil's WhatsApp payment messaging service lifts antitrust ruling, but still faces central bank objections

  

  Brazilian antitrust watchdog Cade on Tuesday said it was revoking its previous decision suspending Facebook Inc’s recently launched WhatsApp payments messaging service in partnership with card processor Cielo SA.

• Wednesday, April 24th 2019 - 09:01 UTC

  Four Brazilian banks under investigation on competition issues

  

  Brazil’s antitrust watchdog Cade is investigating four banks in the country for allegedly creating competition hurdles to digital banking newcomer Nubank, the watchdog said in a statement on Monday.

• Thursday, June 14th 2018 - 21:49 UTC

  Morgan Stanley and Royal Bank of Canada fined in Brazil for rigging foreign exchange rates

  

  Brazil’s competition authority Cade has reached a settlement with Morgan Stanley and Royal Bank of Canada, fining them a combined 42.9 million reals (US$11.6 million) for forming a cartel manipulate FX markets.

• Thursday, December 15th 2011 - 15:32 UTC

  Lan-Tam clears Brazil antitrust regulator, becomes world’ second largest carrier

  

  Chile Lan Airlines planned 3.2 billion dollars acquisition of Tam SA was approved by Brazil’s antitrust regulator, clearing the final regulatory hurdle for the formation of the world’s second-largest carrier.

• Wednesday, July 13th 2011 - 18:55 UTC

  One bite too much for Brazil’s biggest TV dinner and frozen meat maker

  

  Brasil Foods, Brazil’s biggest maker of TV dinners and frozen meat products, won conditional approval of its 3.8 billion US dollars takeover of rival Sadia SA as Brazilian regulators ordered it to stop using a top brand and sell some assets to ensure domestic competition.