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Base metals lift on China output cut plan

LME base metal prices have risen as China's producers say they will cut output and the US dollar falls.

Gold prices lift for second session

Gold prices have risen for the second straight day as the US dollar loses ground and traders expect the ECB to announce further monetary easing.

Volkswagen's US sales plunge 25% in Nov

Scandal-engulfed German carmaker Volkswagen has reported a plunge in US sales of 25 per cent for November.

US manufacturing dips 1st time in 3 years

The US Institute for Supply Management purchasing managers index for the manufacturing sector has contracted the first timesince November 2012.

Recession deepens in Brazil amid crisis

Brazil's recession has worsened amid a paralysing political crisis that has delayed action on measures needed to stabilise the economy.

Germany's Spiegel to cut 150 jobs

Germany's publisher of news weekly Der Spiegel and website Spiegel Online aims to save $A23.35 million by axing 150 jobs.

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