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    <title>Mail.com: Manufacturing sector performance</title>
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      <title>Oil sinks to near $92 on China manufacturing data</title>
      <link>http://www.mail.com/in-en/business/economy/2055300-oil-sinks-to-92-china-manufacturing-data.html</link>
      <description>The price of oil dropped to near $92 a barrel on Wednesday after data showed a slowdown in China's manufacturing growth and a rise in U.S. crude stocks. 
                   By early afternoon in Europe, benchmark oil for June delivery was down $1.18 to $92.28 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.04 to finish at $93.46 per b...</description>
      <pubDate>Wed, 01 May 2013 12:04:44 GMT</pubDate>
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      <dc:date>2013-05-01T12:04:44Z</dc:date>
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      <title>Asia stocks mixed after US durable goods falls</title>
      <link>http://www.mail.com/in-en/business/economy/2040812-asia-stocks-mixed-us-durable-goods-falls.html</link>
      <description>BANGKOK (AP) — Asian stocks rose Thursday as mixed U.S. corporate earnings and a slump in orders for U.S. durable goods convinced investors that central banks would continue efforts to help the global economic recovery. 
                   The U.S. government reported Wednesday that orders for long-lasting factory goods fell more than economists expected. That added to conce...</description>
      <pubDate>Thu, 25 Apr 2013 05:30:42 GMT</pubDate>
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      <dc:date>2013-04-25T05:30:42Z</dc:date>
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      <title>European recession hits major car makers</title>
      <link>http://www.mail.com/in-en/business/economy/2041828-european-recession-hits-major-car-makers.html</link>
      <description>FRANKFURT, Germany (AP) — Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler, first-quarter results showed Wednesday as the industry began reporting earnings. 
                   Germany's Volkswagen AG said its first-quarter net profit fell 38 percent to 1.95 billion euros ($2.5 billion), while Daimler AG's was down 60 perce...</description>
      <pubDate>Wed, 24 Apr 2013 17:18:31 GMT</pubDate>
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      <dc:date>2013-04-24T17:18:31Z</dc:date>
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      <title>Daimler profits slide in Q1 on European struggles</title>
      <link>http://www.mail.com/in-en/business/economy/2040880-daimler-profits-slide-q1-european-struggles.html</link>
      <description>FRANKFURT, Germany (AP) — Daimler AG warned Wednesday that profits this year would be lower than last year's as it reported a 60 percent slide in first-quarter earnings amid slumping auto sales in Europe. 
                   The maker of Mercedes-Benz luxury cars said net profit fell to 564 million euros ($733 million) from 1.42 billion euros in the same quarter a year ago. ...</description>
      <pubDate>Wed, 24 Apr 2013 07:57:59 GMT</pubDate>
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      <dc:date>2013-04-24T07:57:59Z</dc:date>
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      <title>German industry pay offer short of union demand</title>
      <link>http://www.mail.com/in-en/business/economy/2030800-german-industry-pay-offer-short-union-demand.html</link>
      <description>BERLIN (AP) — Employers in Germany's key manufacturing sector on Friday offered a pay increase that fell well short of a union's call for a 5.5 percent raise for some 3.7 million workers, a proposal that the union swiftly dismissed. 
                   The employers' association in the southern region of Bavaria offered a 2.3 percent increase over a 13-month period. The IG M...</description>
      <pubDate>Fri, 19 Apr 2013 14:22:56 GMT</pubDate>
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      <dc:date>2013-04-19T14:22:56Z</dc:date>
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      <title>European car sales plummet, even in solid Germany</title>
      <link>http://www.mail.com/in-en/business/economy/2025308-european-car-sales-plummet-solid-germany.html</link>
      <description>MILAN (AP) — Europe's auto market is in freefall. Once the motor for Europe's economy, the car industry has fallen victim to the region's widening recession and soaring unemployment. Carmakers have suffered 18 straight months of declining sales as people worried that they might soon be out of a job put off making big purchases. 
                   New car sales across Europe...</description>
      <pubDate>Wed, 17 Apr 2013 20:22:54 GMT</pubDate>
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      <dc:date>2013-04-17T20:22:54Z</dc:date>
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      <title>Oil rises on auspicious US economic data</title>
      <link>http://www.mail.com/in-en/business/markets/1979322-oil-rises-auspicious-us-economic-data.html</link>
      <description>The price of oil climbed to near $96 a barrel Tuesday after fresh data from the U.S. suggested the world's largest economy keeps recovering. 
                   By early afternoon in Europe, benchmark crude for May delivery was up 90 cents to $95.71 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.10 on Monday. The U.S. Commerce Depart...</description>
      <pubDate>Tue, 26 Mar 2013 13:36:08 GMT</pubDate>
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      <dc:date>2013-03-26T13:36:08Z</dc:date>
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      <title>Pound drops amid concerns about UK economy</title>
      <link>http://www.mail.com/in-en/business/economy/1924834-pound-drops-amid-concerns-uk-economy.html</link>
      <description>The pound has hit a two-and-a-half-year low against the dollar on fears that weak manufacturing data would push Britain's central bank to inject further stimulus into the country's economy. 
                   Sterling had fallen 1.13 percent Friday to be worth $1.4997 — its first foray below $1.50 since the summer of 2010. Samuel Tombs of Capital Economics says the pound is...</description>
      <pubDate>Fri, 01 Mar 2013 15:46:04 GMT</pubDate>
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      <dc:date>2013-03-01T15:46:04Z</dc:date>
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      <title>Peugeot Citroen posts $6.7 billion loss for 2012</title>
      <link>http://www.mail.com/in-en/business/economy/1888306-peugeot-citroen-posts-67-billion-loss-2012.html</link>
      <description>PARIS (AP) — PSA Peugeot Citroen posted a record €5 billion ($6.7 billion) loss last year after Europe's cratering car market forced France's largest automaker to book a €3 billion financial charge. 
                   As well as falling demand, which led to a 12.4 percent slump in new vehicle sales to €27.8 billion, the Paris-based company had to contend with the rising cos...</description>
      <pubDate>Wed, 13 Feb 2013 15:54:55 GMT</pubDate>
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      <dc:date>2013-02-13T15:54:55Z</dc:date>
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      <title>German factory orders increase in December</title>
      <link>http://www.mail.com/in-en/business/economy/1871952-german-factory-orders-increase-december.html</link>
      <description>BERLIN (AP) — German industrial orders increased in December, suggesting business is beginning to pick up in Europe's largest economy. 
                   The Economy Ministry said Wednesday orders were up 0.8 percent over November, according to seasonally adjusted figures. That comes after a 1.8 percent decline in November. Orders from within Germany dropped 1.2 percent, bu...</description>
      <pubDate>Wed, 06 Feb 2013 11:05:00 GMT</pubDate>
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      <dc:date>2013-02-06T11:05:00Z</dc:date>
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      <title>Signs of firm US recovery trigger market gains</title>
      <link>http://www.mail.com/in-en/business/markets/1861004-signs-firm-us-recovery-trigger-market-gains.html</link>
      <description>LONDON (AP) — Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of Europe. 
                   The world's largest economy added 157,000 jobs in January, in line with market expectations, though hiring over the past two years was revised up. The improvement was not sufficient to p...</description>
      <pubDate>Fri, 01 Feb 2013 16:14:00 GMT</pubDate>
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      <dc:date>2013-02-01T16:14:00Z</dc:date>
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    <item>
      <title>Rare good news for eurozone economy</title>
      <link>http://www.mail.com/in-en/business/economy/1861300-rare-good-news-eurozone-economy.html</link>
      <description>LONDON (AP) — Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. 
                   Three pieces of economic news for the 17 European Union countries that use the euro were all slightly better than hoped — in sharp contrast to some of the grim days the eurozone has witnessed over the last three years of its crisis over too much ...</description>
      <pubDate>Fri, 01 Feb 2013 13:07:00 GMT</pubDate>
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      <dc:date>2013-02-01T13:07:00Z</dc:date>
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      <title>UK recession fears grow as manufacturing drops</title>
      <link>http://www.mail.com/in-en/business/economy/1813688-uk-recession-fears-grow-manufacturing-drops.html</link>
      <description>LONDON (AP) — Concern is growing that the British economy may be headed back into recession after statistics released Friday showed a surprise drop in manufacturing activity. 
                   The Office for National Statistics said manufacturing output fell by 0.3 percent between October and November, far off analysts' expectations for an increase of 0.5 percent. Britain'...</description>
      <pubDate>Fri, 11 Jan 2013 15:31:00 GMT</pubDate>
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      <dc:date>2013-01-11T15:31:00Z</dc:date>
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      <title>Spain car sales plunge 13.4 percent in 2012</title>
      <link>http://www.mail.com/in-en/business/economy/1795242-spain-car-sales-plunge-134-percent-2012.html</link>
      <description>MADRID (AP) — Spain's three main automobile associations say new car sales in the recession-strapped country plunged 13.4 percent in 2012 from the year before. 
                   Anfac, Faconauto and Ganvam said in a statement Wednesday that just under 700,000 cars were sold in 2012, and that sales in December were down a hefty 23 percent on the year before. Even so, the gr...</description>
      <pubDate>Wed, 02 Jan 2013 11:14:00 GMT</pubDate>
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      <dc:date>2013-01-02T11:14:00Z</dc:date>
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      <title>Stocks fluctuate amid China data, US budget talks</title>
      <link>http://www.mail.com/in-en/business/markets/1765986-stocks-fluctuate-amid-china-data-us-budget-talks.html</link>
      <description>LONDON (AP) — World markets were cautious on Friday as concerns over ongoing U.S. budget talks offset the impact of survey showing China's manufacturing production rose to a 14-month high. 
                   European markets struggled after Standard &amp; Poor's lowered its credit outlook on Britain, meaning there is a one in three chance the country could lose its top credit r...</description>
      <pubDate>Fri, 14 Dec 2012 17:26:00 GMT</pubDate>
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      <dc:date>2012-12-14T17:26:00Z</dc:date>
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