Tag: Joaquin Almunia

• Wednesday, September 3rd 2014 - 23:00 UTC

  EC fines Philips, Samsung and Infineon for 'collusion' in price-chips for smart phones

  

  Philips, Samsung and Infineon have been fined 138m Euros by the European Commission (EC) for fixing prices of chips in used in smart-phones. The electronics giants “colluded” on pricing, contracts and capacity between 2003 and 2005, the EC said.

• Wednesday, November 28th 2012 - 16:42 UTC

  EC 37bn Euro check for Spanish banks but 50% of branches must go and hair cut for bond holders

  

  The European Commission gave on Wednesday the go ahead for Spain to overhaul its stricken nationalized banks and opened the door for nearly 40 billion Euros in Euro zone aid to be disbursed, offering hope for an end to Spain's banking crisis.