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UK union welcomes GM's decision to keep Vauxhall

Britain's Unite union on Wednesday welcomed the decision by General Motors not to sell its European Vauxhall unit, saying it was a far better deal and that it expected the government to offer financial support.

Services sector grows, job losses decline

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The U.S. services sector, which represents about 80 percent of U.S. economic activity, grew for the second consecutive month in October, while the labor market also showed signs of improvement in data published on Wednesday.

Abdullah rules out joining new Afghan government

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Technocrats and some existing ministers will be included among Afghan President Hamid Karzai's new government within the next three weeks, a spokesman said on Wednesday, but his main rival ruled out taking any part.
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GM's U-turn on Opel sale angers Germany, Russia

German and Russian leaders seethed and unions tore up a deal to cut costs in protest at General Motors' completely unacceptable decision to keep Opel, its European unit, after months of talks.
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8 Old Colonial Hotels You Can Still Stay In

Remnants of a bygone world, these colonial memorials are places of nostalgic luxury where century-old traditions are preserved with meticulous care. Their Victorian flavour is reminiscent of Agatha Christie stories (actually, the famous writer stayed in some of them herself).
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Stocks pulled lower by semis, financials

U.S. stocks stumbled on Tuesday after Morgan Stanley downgraded the semiconductor sector and a shake-up at two big British banks prompted investors to sell financial shares.
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Magna, labour at GM's Opel agree cost cuts

Opel's labour force has agreed to contribute 265 million euros ($390 million) in annual savings if General Motors finally sells a majority stake in its European arm to a group led by Canada's Magna.
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Semis, financials drag Wall St lower

U.S. stocks fell on Tuesday, weighed by technology and financial shares, as Morgan Stanley downgraded the semiconductor sector and after a shake-up at two big British banks and poor results from Swiss lender UBS.
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Stock futures off as Europe banks offset Burlington deal

U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad company Burlington Northern was offset by poor results from Swiss lender UBS and a shake-up at two big British banks.
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Lloyds, RBS agree to massive shake-up

Britain's two largest retail lenders are to get another 31 billion pounds from the government and have agreed to sell hundreds of branches and key businesses to appease EU competition concerns over state aid.
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Banks lead broad sell-off, FTSE below 5000

Britain's leading share index dropped 2.2 percent in mid-session trade on Tuesday, with negative newsflow on the UK and global financial sector denting banks and contributing to a broad-based retreat in equities.
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European stocks slump to lowest in a month

European stocks fell sharply to a new one-month low on Tuesday, with banks suffering after poor results from UBS (UBSN.VX) and a shake-up of the UK retail banking sector.
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FTSE slips below 5,000; banks, miners weigh

Britain's FTSE 100 .FTSE fell below the 5,000 level for the first time in a month on Tuesday, while European stocks also extended losses, weighed by weakness in banks and miners.
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UK banks RBS, Lloyds agree to shakeups

Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
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UK banks RBS and Lloyds agree to shakeups

Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.
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Global stocks fall on stimulus worries

World stocks dipped toward the previous session's four-week lows on Tuesday as investors continued to fret over the early removal of government stimulus, particularly in the financial sector.
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Major shake-up for Lloyds and RBS

Lloyds Banking Group launched a record 13.5 billion pound ($22 billion) rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.

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