Category Archives: International

World’s leading buyers to increase purchasing spend

Some of the globe’s biggest importers intend to spend more in the second half of 2012, despite trade challenges overseas.

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Australian senate criticises ‘flawed’ defence procurement

A report has proposed streamlining the Defence Materiel Organisation to improve spending.

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G7 calls for increased oil production

Finance ministers of the world’s major economies have warned emergency oil stocks may need to be employed to ensure supply meets increased demand.

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Copper price drop hurts Antofagasta profits

The Chilean mining business saw profits drop by 7.2 per cent in the first six months in 2012, following sharp drops in the price of copper.

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Russia’s WTO membership gives boost to UK buyers

Accession to the international trade body will reduce tariffs on exported goods, but an expert has warned not to expect immediate changes.

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US regulator approves ‘conflict mineral’ rules

The Securities and Exchange Commission has voted to approve tough rules requiring companies to disclose if they use certain metals sourced from the Democratic Republic of Congo.

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BHP Billiton profit undermined by commodity prices

A fall in the price of copper and lower demand from China has seen annual profit at the world’s largest miner drop by 34.8 per cent.

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Piracy prevention operations should continue past 2014

Members of a House of Lords committee said if the EU operation finishes, pirates will pick up where they left off.

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New Zealand to join WTO Government Procurement Agreement

The country’s government has announced its intention to become a member of the reciprocal global deal that opens access to public sector contracts.

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New South Wales government aims to save $1 billion with procurement reform

The Australian state government has agreed to implement recommendations from an audit to make significant savings.

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