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Factories Still Struggling as US Rate Hike Looms

Manufacturing activity deteriorated across much of Asia in November and while European factories reports improved, the region struggled to gather momentum. Business surveys on Tuesday showed few signs of vigor across trade-reliant Asia, apart from Japan, with sluggish demand at home and abroad forcing manufacturers from China to Indonesia to throttle back production, cut selling prices and shed more jobs. Euro zone manufacturing growth picked up to a 19-month high in November but the...

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