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Gold and copper fall to lowest level since 2008 crash

The commodity prices of gold and copper suffered their largest fall since 2008 at the start of this week as traders rushed to reduce their exposure to the key commodity amid growing fears of the sovereign debt crisis in Europe.

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China’s oil demand falls to lowest level in 10 months

Experts estimate that, last month, China’s oil demand dipped to its lowest levels for almost a year.

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Apple to cut supply chain orders for iPad

Apple is cutting orders to vendors in the supply chain for its iPad tablet computer, a move that may result in slower sales for vendors, JPMorgan Chase & Co said in a recent report, according to Bloomberg.

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Essar Telecom Kenya inks strategic sourcing deal with Tata

Essar Telecom Kenya (yuMobile), a unit of Essar Group, has signed a strategic sourcing agreement with Tata Communications to allow yuMobile to route all its international voice traffic through Tata Communications’ network.

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Manufacturers reshape supply chains to manage volatility

Large global manufacturers are making stronger investments in supply chain risk management to mitigate the impact of continued market volatility, new research reveals.

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Global semiconductor inventory hits ‘worrisome levels’

Global inventory of semiconductors has reached “worrisome levels”, market experts have warned.

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Spotlight: Currency risk stretches hedging strategies in Europe

The European sovereign debt crisis has been causing headaches for procurement since it emerged as a genuine threat in 2009. It has wrecked havoc on Greece, threatened to destabilise the Eurozone and sent commodity markets into turmoil.

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Japanese steelmakers eye benefits of merger

Nippon Steel, the number one Japanese steelmaker and Sumitomo Metal Industries have announced plans to merge on 1st October in order to strengthen their global competitiveness in the face of their Chinese rivals expanding.

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Cargill expands responsible soy sourcing programme

As part of a programme designed to help farmers in Brazil grow soy more sustainably, agribusiness Cargill has announced a $3bn grant to The Nature Conservancy (TNC).

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Supply chain savings open door to Tesco £500m price offensive

Retail chain Tesco is set to launch its biggest price campaign in a quarter of a century on Monday, with supply chain efficiencies playing a vital role in funding this strategy.

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