US Factory Rebound

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U.S. factories ramped up activity in September, shaking off a one-month contraction in a sign America was resisting the downward pull of the weakening global economy.
The Institute for Supply Management (ISM) said on Monday its index of national factory activity rose to 51.5 from 49.4 the prior month, beating analyst expectations in a Reuters poll. Levels above 50 indicate the sector is expanding.
“This is a relief,” said Ian Shepherdson, an economist at Pantheon Macroeconomics.

CNBC News

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Indonesian property tycoon Ciputra said that Indonesia should look to Singapore for aspiration as it seeks to resolve its long-standing infrastructural issues.  The 83-year-old billionaire, well known for building large-scale townships by his property development company which he himself founded…

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