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US manufacturing higher in September
Washington:
Analysts were confounded by a boost in factory output
as the reconstruction US Gulf coast gathered steam according
to a leading survey of manufacturing activity.
The index of manufacturing activity at the Institute for
Supply Management rose sharply last month, by almost six
points, to 59.4, the highest reading in more than a year.
The details of the report were uniformly strong, with
the biggest increases in production and new orders for
more than a year, and a smaller rise in employment in
the manufacturing sector.
This supported the Federal Reserve's forecast that Hurricanes
Katrina and Rita would have a temporary impact on the
economy but would not prove a "more persistent threat".
The Fed has said it will continue to raise rates at a
time when policymakers are concerned about inflation pressures,
and that still-low long-term interest rates have not cooled
the housing market.
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Taiwan
tells Google not to depict it as Chinese province
Taipei: Taiwan's government has asked
Web search company Google Inc. to stop calling it a 'province
of China' on its Google Maps service.
China
views Taiwan as a breakaway province and has threatened
to attack the island of 23 million people if it pushes
for formal statehood. The two countries split in a civil
war ended in 1949.
Taiwan
calls itself a sovereign and independent state that is
officially called the Republic of China.
The
foreign ministry of Taiwan has not received a response
from Google.
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