share price index: And the Australian market looks set to open higher following a positive lead in New York and an overnight rise in the price of oil, according to Nine News Australia. At 0652 AEDT on Thursday, the share price index was up 22 points at 4,846. At 0700 AEDT on Thursday, the local unit was trading at 71.80 US cents, up from 70.21 cents on Wednesday. LONDON - Lloyds Banking Group Plc says it will axe about 1585 jobs and close 29 branches as part of sweeping cuts it announced more than a year ago, aimed at reducing Europe second-biggest lender workforce by 9000.LONDON - British-based pharmaceuticals giant Glaxo Smith Kline has posted a loss of STG428 million for the fourth quarter of 2015 - compared with a profit of over STG1 billion for the same period a year earlier - as the company integrates new businesses. DETROIT, Michigan - Strong earnings in North America and China and a reversal of fortunes in Europe powered General Motors to a record net profit of $US9.7 billion last year. BRUSSELS - Luxembourg, the tiny European Union state nestled between France, Germany and Belgium, has a big new goal - it wants to be a centre for space mining.
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