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Grey Lion trainer Matt Cumani has ruled out giving Melbourne Cup-winning jockey Michelle Payne a ride in this year’s race as the trailblazer’s chances of back-to-back triumphs decrease by the day.

The Jamie’s Italian chain and the Chophouse grill in Cloisters Square have been excluded from an agreed sale of eateries and bars owned by the collapsed Keystone Group.

Losses across the board knocked the Australian sharemarket into the red as the Chinese yuan fell to a fresh-six year low and US rate-rise fears weighed on sentiment.

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