Five banks exchanged sensitive customer information and four other economic news


1. The EC fined 1,068 million to five banks for participation in two currency market cartels. The European Commission (EC) has imposed a fine of 1,068 million euros on Thursday on the banks Barclays, RBS, Citigroup, JPMorgan and MUFG for their participation in two cartels in the currency exchange markets. Agents exchanged sensitive information such as customer orders, differences between the purchase and sale prices of two currencies in specific transactions and other details of forecasted currency exchange operations.

2. The regions double the debt issues at the doors of the elections. The Autonomous Communities began 2019 with the objective of cutting the umbilical cord that united them financially to the central government since the crisis closed them in dry access to the markets. And so it has been. In the first four months of the year, regional debt issues are already around 5,000 million, when they did not reach 2,500 million last year, according to Bloomberg data.

3. China urges the United States to end its "exclusion" practices against Huawei. China has called on the United States to end its practices against foreign companies, after US President Donald Trump issued a decree last night barring US companies from using technology from China's Huawei.

4. Adif will fine with up to 10% of the contract to the contractors that agree prices or commit fraud. Adif and Adif Alta Velocidad (AV) has incorporated a new clause of "integrity and fight against fraud" into its contract documents, which, among other issues, entitles it to fine award winners who agree to prices or comment on other frauds with up to 10 % of the contract price. The awardees must commit from now on to respect the principles of free market and competitive competition.

5. That way they "manipulate" you and place the products inside the supermarket so that you buy what they want. Nothing is casual inside a supermarket: buying habits are measured, promotions are planned and the place where the products are placed is studied to the fullest, so that we get more than what we have written down on our list. The distribution sector is responsible for encouraging purchases that are not essential. . (tagsToTranslate) economic alert (t)


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