The report stated that the health of the manufacturing industry improved in December, with new work growth and production remaining sharp in spite of losing momentum.
the government of south sue dan gained control of a remote village that was attacked over the weekend. some 4,000 army and police reinforcements have reportedly been sent to aville raj. they re fighting over grazing land. the u.s. republican party presidential race is about to get ready over iowa. candidates have been campaigning for weeks and tuesday night voters will take part in what is being called caucuses. they are a few hundred in formal get-togethers where people take the candidate they want to face president barack obama in november s general election. those are the top stories from cnn, the world s news leader. much more coming up on the iowa caucuses just ahead. world business today starts right now. good morning from cnn london. i m charles hodson. a very good afternoon from cnn hong kong, i m andrew stevens and welcome to the first edition of world business today of 2012. this is tuesday, january 3rd. it is a new year. but one report already suggests busine
the data out of europe. they re focusing on the positive and the positive is indeed china. china. and the key here has been an expansion in manufacturing output no december from the contractually in november. it s only marginally up but still expanding. that s what investors want to see. they want to see if growing and of course, manufacturing is a key part of that economy. wasn t just china, though. the hang seng getting a pop. india, it s up by 2 hoyne 4% as well. that s off the december pmi. it came out at the fastest rate in six months according to a survey. it came in at 54.2. anything above 50 means it s contracting. it was at 51 in november. india also growing. australia also growing as well. december manufacturing there increasing at 2.4 points to just over 50 as well. the s&p as you see, up by 1.1%.