Author Archives: Procurement Leaders News

Firms need ‘more time’ over new EU pension directive

EIOPA (The European Insurance and Occupational Pensions Authority) has launched a consultation on quantifying the impact of their proposed new directive for occupational pensions (the IORP Directive).

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A new dawn for yuan-based trade?

The first cross-border yuan transaction to take place under a new programme aimed to make it easier to settle trade in Chinese yuan took place last week in a move which could save western businesses considerable time and money in the dealings with C…

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RIM to cut supplier in cost-reduction effort

Toronto based Celestia Inc., a supplier to Research In Motion (RIM), has announced that it will be winding down its manufacturing services for the mobile phone giant over the next three to six months.

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Chery meets with Brazilian suppliers to meet tax rules

As part of its plan to meet new tax rules for car sales in Brazil Chinese auto company Chery has met with potential new Brazilian suppliers, although executives remain concerned about uncompetitive raw-material prices in Brazil.

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Pressure on to improve buildings efficiency

US businesses have been urged by the federal government to step up efforts to increase the energy efficiency of their buildings.

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Economic recovery puts the brakes on US fleet leasing

A new report has revealed that economic turbulence caused by the credit crunch of 2008 has boosted the demand for corporate fleet car leasing in the US.

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WTO rules in favour of US in steel case

A World Trade Organisation (WTO) panel ruled in favour of the United States last week in a case relating to import duties placed on specialty steel by China.

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LME warehousing rules to be scrutinised

After announcing an agreement to buy the London Metal Exchange (LME) for £1.4bn, Hong Kong Exchanges & Clearing said it would look into warehousing rules in an attempt to shorten metal delivery times.

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Japan and Vietnam launch rare-earth facility

In an attempt to reduce China’s stranglehold on rare-earth production, Japan and Vietnam launched a research and technology transfer facility over the weekend which will result in the precious minerals being transferred to Japan once mined.

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América Móvil moves into Europe with Telekom Austria deal

Mexico-headquartered mobile operator América Móvil (AMX) has increased its European presence with the purchase of a stake in Telekom Austria.

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