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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
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Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Booking.com (BKNG; A3/A-; S);
- More headlines as AGCM pushes a press release on it. To summarise it sees BKNG's agreement with Hotels under the Preferred Partner Programme that allows it to change at discretion to reduce prices so it is the best online offer (by monitoring other online channels) as "hinder(ing) the unfolding of effective competition in the national market" for hotel/booking services.
- To clarify, investigations from the Italian regulator/AGCM aren't new - it was investigating Expedia & Booking in 2014 on similar grounds. At the time it also levied a $0.5m fine against TripAdvisor for not regulating reviews on its website - which was overturned in court.
- Re impact on business practices, BKNG noted in Q4 earnings it has a track-record of working with regulators to amend practices and re. Spain said; "During any appeal process, we would expect to implement some changes to our business practices in Spain. We do not currently anticipate that these would have a significant impact on our business.".
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.