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Non-defence capital goods orders surge 1.6% in July

In another positive sign, number of Americans filing for jobless benefits falls last week

Initial claims for US state unemployment benefits slipped 1,000 to 261,000 for the week ended Aug 20.


NEW orders for US manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease.

The economy also got a boost from...

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