ONLINE FOREX TRADING
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Forex business watch EU Intel fine
The worlds largest computer chipmaker Intel has received a fine from the European Commission over a record 1.06bn euros for its anti-competitive practice having been found in abuse of competition laws between the years 2002 and 2007. Intel have production factories throughout the world and may now be under scrutiny by other countries who may also see their behaviour as anti-competitive. Intel will appeal the verdict which was welcomed by an microprocessor competitor AMD who first lodged complaints against Intel in 2000, 2003 and 2006. Forex investors who follow world markets, export and computer goods which cross trade throughout the world will watch this story closely as it also affects major personal computer makers such as Acer, Dell, HP, Lenovo and NEC. It marks a strong challenge by the European Commission against a global player whose dominance of the market has been unchallenged and unquestioned up until this point.