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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US OPEN - Israeli Officials Deny Draft Ceasefire Reports
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TECHNOLOGY: Reports: DOJ Probe Into SAP And Carahsoft Price Fixing
A1/A+ EUR Spreads ~1bp Wider In Early Streaming
• BBG News reporting that SAP and Carahsoft are under DOJ civil probe for potential price-fixing, involving over USD 2bn in SAP tech sales to the US government since 2014.
• Investigation may extend to other software resellers and an Accenture subsidiary and focus on False Claims Act violations related to coordinated bidding i.e. SAP conspiring with Carahsoft to fix prices on SAP services as they were resold by Carahsoft to the government.
• Carahsoft is ranked 2nd in federal IT contracts since 2020 with USD 3.5bn; SAP tech accounts for ~USD 990mn of this in direct contracts and possibly USD 1bn more in additional sales.
• Legal risks highlighted have been a concern at SAP; recent issues include a USD 220mn settlement for bribery and ongoing criminal probes in Germany that saw the CTO step down amid harassment claims.
To read the full story
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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.