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...It alleged that Melbourne-based BlueScope and its former general manager of sales and marketing, Jason Ellis, tried to induce steel distributors in Australia and overseas manufacturers to enter agreements...
...The ACCC is due to produce its final report in June....
...Google said the ACCC was wrong to conclude that it is insulated from dynamic competition in internet search or that consumers have a limited ability to substitute specialised search services with general...
...“Google leverages its market power in both general search services and ad tech services to the detriment of consumers, advertisers and news publishers....
...Meriton denies that the public has ever been deceived or misled,” said Joseph Callaghan, Meriton Group general counsel....
...“In general terms, any attempt by Australian businesses to encourage competitors to restrict outputs is a matter of grave concern to the ACCC,” said Rod Sims, chairman of the Australian Competition and Consumer...
...This means it needs backing from 75 per cent of votes cast at an extraordinary general meeting....
...That is in line with Australia’s openness to foreign capital in general, and its conversion to exchange competition in particular....
...But the ACCC approved a lapsed rival offer from local AMP for Axa Asia Pacific, Australia’s largest life and savings business. Both rulings came as a surprise to investors....
...Will Irving, Telstra’s general counsel, said in an interview with the Australian Financial Review that the company was considering a constitutional challenge before the country’s High Court, which would...
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