Oct. 29, 2009 (Xinhua News Agency) -- Xinhua world economic news summary at 0530 GMT, Oct. 29
RIO DE JANEIRO -- Brazil's Industry Confidence Index (ICI) reached 112.2 points in October, up 2.7 percent from September, according to a study released on Wednesday by the Getulio Vargas Foundation (FGV).
It was the 10th consecutive rise in the ICI and the highest figure registered since September 2008, when the ICI hit 115 points. The ICI was up 7.4 percent year on year. (Brazil-Industry)
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CHICAGO -- U.S. automaker General Motors on Wednesday announced forecast for its vehicle sales in October, saying the October sales will rise compared to a year earlier, the first such increase for the automaker in 21 months.
The forecast was announced during a conference call with Mike DiGiovanni, GM's director of global market analysis, and Susan Docherty, GM vice president of U.S. sales. (US-GM Sales)
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TOKYO -- For the seventh consecutive month, Japan's industrial output made gains in September, rising by 1.8 percent, according to a preliminary report on the indices of industrial production released by the Ministry of Economy, Trade and Industry in Japan on Thursday.
Year on year, however, industrial output was down by 18.9 percent. (Japan-Industrial-Output)
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MEXICO CITY -- Chinese company Golden Dragon (GD) opened a 100-million-dollar copper pipe plant on Wednesday in the northern Mexican state of Coahuila, the biggest investment ever by a Chinese manufacturer in Mexico.
The plant, which covers 200,000 square meters, will bring 900 jobs to Coahuila's city of Monclova. (Mexico-China)
