More Link Missing on Custom Page template

Hi all,

I have create page template “news.php”, with template name “news”. To display basically all the posts I have.

The posts on this page doesn’t show my custom “read more” link, also shows the full post rather than excerpt,(I had insert the “read-more” quick tag for each post). where the archive and category page shows them fine.

Heres are my template structure:

home.php
index.php
page.php
single.php
news.php (custom template)

Here are the code for my index.php loop

<?php if (have_posts()) : while (have_posts()) : the_post(); ?>

        <!-- begin post -->
        <div class="blogPost">
          div class="date"><?php the_time('M') ?><br /><span><?php the_time('j') ?></span></div>
	    <h1><a href="<?php the_permalink() ?>"><?php the_title(); ?></a></h1>
	   <div class="meta">
	    By <span class="author"><?php the_author_link(); ?></span>  //   <?php the_category(', ') ?>   //   <?php comments_popup_link('No Comments', '1 Comment ', '% Comments'); ?>
		 </div>
	 <?php the_content(__('read more')); ?>
	</div>

Here are my news template loop:

<?php query_posts('');
		if (have_posts()) : while (have_posts()) : the_post(); ?>

        <!-- begin post -->
        <div class="blogPost">
            <div class="date"><?php the_time('M') ?><br /><span><?php the_time('j') ?></span></div>
	       <h1><a href="<?php the_permalink() ?>"><?php the_title(); ?></a></h1>
	     <div class="meta">
		By <span class="author"><?php the_author_link(); ?></span>  //   <?php the_category(', ') ?>   //   <?php comments_popup_link('No Comments', '1 Comment ', '% Comments'); ?>
	</div>
	<?php the_content(); ?>
</div>

I was hoping someone can help me here.

Many thanks