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Sluggish Manufacturing Sets Economy’s Global Tone

Asian factories barely grew in April and those in the eurozone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter. Japanese manufacturing activity shrank last month at the fastest pace in more than three years as major earthquakes disrupted production, while the former bright spot of India sank to a four-month trough and growth in China was all but flat. The eurozone reading edged up only marginally, painting a...

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