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BRUSSELS (Reuters) - Dutch group Philips (PHG.AS) and three other consumer electronics companies were fined a total 111.2 million euros ($130 million) by EU antitrust regulators on Tuesday for imposing fixed or minimum online prices for their products. The ruling against Philips, Asus (2357.TW), Pioneer 6773.T and Denon & Marantz followed a 17-month investigation by the European Commisssion as part of its crackdown on online sales practices such as price restrictions based on a customer’s location or nationality.

The investigation, which began in February last year, was one of three that covered a total of 15 companies in the consumer electronics, video game and hotel sectors, The four companies fined on Tuesday were found to have restricted the ability of online retailers emory sterling silver cufflinks to set their own prices for products such as kitchen appliances, notebook computers and hi-fi products, insisting on fixed or minimum resale prices, the EU said, Pioneer was also found by the EU to have sought to limit the ability of its retailers to sell across borders, It engaged in illegal practices in 12 EU countries, including France, Germany, the Netherlands and Britain, the Commission said, adding that the other companies did so in one or two countries..

“As a result of the actions taken by these four companies, millions of European consumers faced higher prices for kitchen appliances, hair dryers, notebook computers, headphones and many other products,” European Competition Commissioner Margrethe Vestager said in a statement. Asus was fined 63.5 million euros, Philips 29.8 million euros, Pioneer 10.2 million euros and Denon & Marantz 7.7 million euros. Asus declined to comment. Pioneer and Denon could not be reached for comment outside business hours. Philips did not respond immediately to requests for comment. All the companies cooperated and admitted wrongdoing in return for 40-50 percent cuts in their fines.

Vestager’s action comes a week after she dished out a record 4.34 billion euro fine against Google (GOOGL.O), The latest emory sterling silver cufflinks fines for Asian and European companies could strengthen the hand of European Commission President Jean-Claude Juncker when he meets U.S, President Donald Trump in Washington on Wednesday, Trump has previously complained of unfair treatment of U.S, companies by the EU, Vestager said that the Google decision was not political and that if Google had a complaint it could take the Commission to court, Required changes in Google’s practices would also give opportunities to other companies, including U.S, businesses, she said..

LONDON/TOKYO (Reuters) - The trade is familiar to investors worldwide: in times of turmoil, rush for cover by buying the Japanese yen. This year a global trade row has erupted, Donald Trump has lamented the dollar’s strength - ignoring a custom that U.S. presidents avoid openly interfering in financial markets - and the Chinese yuan has tumbled. And yet the yen has stayed resolutely weak, becoming the weakest of the G10 developed market currencies this month. To view a graphic on Major currencies. month-to-date performance, click: reut.rs/2JQ8Zyz.

The yen’s safe-haven status is not in doubt, underpinned by Japan’s nearly two trillion yen ($18 billion) monthly trade surplus, But without a massive world market shock to discourage Japanese investors from buying foreign assets, the emory sterling silver cufflinks yen is likely to stay weak - above all because the Bank of Japan lags behind its central bank peers in ending monetary stimulus, Investors doubt the BOJ can aggressively reduce the stimulus measures as inflation remains well below target and corporate profits are recovering slowly..

The BOJ is debating policy changes to make its stimulus “more sustainable”, sources told Reuters, but this pushed the yen up only briefly on Monday. “The Bank of Japan is still pursuing easing which is still prompting domestic investors to borrow yen and buy overseas assets,” said Anton Eser, CIO at Legal and General Investment Management which manages 983 billion pounds ($1.29 trillion) in assets. While U.S. interest rates have risen seven times since 2016 and the European Central Bank plans to wind down its bond purchases by end-2018, the BOJ is still buying local securities, albeit at a slower pace.

Japanese investors are therefore likely to keep pouring money into foreign assets, despite global market wobbles, Their net purchases of foreign equities reached 1.5 trillion yen in June, the highest in nearly three years, Even as the trade row deepened, they bought 371 billion yen of overseas stocks during the first week of July, emory sterling silver cufflinks To view a graphic on Japanese investments in stocks, click: reut.rs/2LDGSaO, However, Japanese funds are growing reluctant to hedge exposure to billions of dollars’ of U.S, assets..

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