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Finance News Update, what you need to know
Finance News Update, what you need to know
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Key London-Edinburgh train line privatised
A consortium comprising Richard Branson's Virgin Trains and Stagecoach has won the franchise to run the London-Edinburg railway.
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Australian market set to open lower
The Australian sharemarket looks set to open lower
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France hits new record unemployment high
New figures show France's unemployment numbers in October were up 5.5 per cent compared the previous year.
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Russian ruble hits low on OPEC decision
Russia's ruble shed 3.6 per cent to reach a historic low after OPEC decided to leave its output ceiling unchanged.
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Toyota recalls 30,000 minivans
Toyota has issued global recall for about 30,000 mini vans amid a safety concern over grips on the vehicles' roof rails.
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ECB's Draghi calls for wage cuts
European Central Bank chief Mario Draghi says European economies need to allocate resources efficiently to attract capital and generate jobs.
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German inflation hits five-year low
New data shows that German inflation stood at just 0.6 per cent year-on-year this month, down from 0.8 per cent in October.
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Pie Face franchisees slam 'no profits' claim
Pie Face shop owners have hit out against claims the food chain fails to make them money and is in financial strife because of a flawed business model and high rents.
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German consumer confidence stabilises
A new poll has found German consumer confidence is improving at the year's end.
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