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Australia's unemployment rate remained steady at 4.2 per cent, despite a loss of 5,400 jobs in August. Meanwhile, the Abu Dhabi National Oil Company has abandoned its $30 billion takeover bid for Santos. Additionally, the US Federal Reserve has cut interest rates even in the face of rising inflation. On the Australian Stock Exchange, the ASX 200 finished the day 0.8 per cent lower, as finance presenter David Chau explains. Subscribe: http://ab.co/1svxLVE ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC NEWS, click here: https://ab.co/2kxYCZY Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2 Like ABC NEWS on Facebook: / abcnews.au Follow ABC NEWS on Instagram: / abcnews_au Follow ABC NEWS on X (Twitter): / abcnews Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia