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Australia Jobless Rate Drops to 5.8 Percent

Australia's unemployment rate dropped for the second-straight month in November, data showed Thursday, signaling an improvement in the domestic economy even as concern grows about a slowdown in the nation's largest trading partner China.

The jobless rate was a seasonally adjusted 5.8 percent in November, down from 5.9 percent the previous month and 6.2 percent in September, the Australian Bureau of Statistics said.

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S. Korea Leaves Interest Rate at Record Low

South Korea's central bank left its benchmark interest rate unchanged at a record low of 1.5 percent for a sixth consecutive month Thursday, ahead of an anticipated rate increase by the US Federal Reserve.

The decision had been widely expected with the Bank of Korea's (BOK) board members adopting a wait and see approach to the impact of an eventual Fed hike on the global economy.

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Bridge over Border Connects Mexico Airport to U.S. City

A purple-colored pedestrian bridge over the U.S.-Mexico border opened Wednesday to connect Tijuana's airport to a terminal in the neighboring U.S. city of San Diego, the first of its kind between the countries.

The 120-meter (390-foot) enclosed bridge was inaugurated at a time when U.S. politicians still talk of tightening border security by building more walls to prevent illegal immigration.

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Volkswagen Says off Hook on CO2 Emissions

Embattled auto giant Volkswagen on Wednesday was offered some respite from the massive emissions-cheating scandal it is currently engulfed in when it said it had not lied about the carbon dioxide emissions of some of its cars. 

The news sent VW shares sharply higher on the Frankfurt stock exchange, even if the much wider scandal related to the pollution-cheating software installed in 11 million diesel cars worldwide is still a long way from being resolved.

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Gulf Retailer Pulls Trump Products off Shelves

A leading Gulf retailer has stopped selling products from the brand owned by U.S. presidential hopeful Donald Trump after his controversial call to bar Muslims from entering the United States.

But Trump's prestigious golf club being developed in Dubai appeared to have withstood, so far, calls to boycott the property tycoon, as his UAE partner sought to separate business from his political statements.

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EU Plans to Allow Streaming Services Abroad by 2017

The EU unveiled plans on Wednesday that would by 2017 allow travelers to get their Netflix film fix or listen to Spotify when abroad, something currently blocked by complex copyright rules.

Europeans spend about one billion nights in other EU countries every year but are confronted with a frustrating inability to enjoy watching many of their favorite films or TV shows on an iPad or laptop computer when they travel outside their home country.

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Morgan Stanley Hands Job to Former UK Finance Chief

U.S. banking giant Morgan Stanley on Wednesday said it had appointed former British finance minister Alistair Darling, who steered Britain through the financial crisis, to its board of directors.

Darling, 62, who served as finance chief in ex-Prime Minister Gordon Brown's Labour government from 2007 to 2010, will start work at Morgan Stanley on January 1.

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Reports: Australian Identified as Possible Bitcoin Founder

Australian entrepreneur Craig Wright has been identified by tech publications as possibly the mysterious founder of online cryptocurrency Bitcoin, shortly before his Sydney home was reportedly raided in a tax probe Wednesday.

There has long been speculation about who was behind the software written in 2009 under the Japanese-sounding name Satoshi Nakamoto, with various media outlets unsuccessfully trying to find out.

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Open but not trading: Myanmar launches fledgling bourse

Myanmar officially launched its first modern stock exchange Wednesday, but without a single stock to trade until next year, as the nation's latest drive for economic revitalization struggles to take flight.

Aung San Suu Kyi's pro-democracy party swept elections last month, boosting confidence in the former junta-run nation's reforms, which have also creaked open the door to its reclusive economy.

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Oil Gain Fails to Halt Fresh Slide on Asian Markets

A modest recovery in oil prices provided some respite for Asian energy firms Wednesday but stock markets extended losses while China's ongoing economic woes cast a pall over the region's trading floors. 

The cost of the black gold has plunged by almost a 10th since Friday's refusal by the OPEC oil exporters' group to agree a ceiling on output despite oversupply and anaemic demand across the globe.

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