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Asian markets track Wall St higher after tech surge
Asian markets track Wall St higher after tech surge
Economy
by  AFP

Asian markets rose Friday following a tech-led rally on Wall Street that helped soothe traders' concerns that the Federal Reserve will likely not cut interest rates as early or by as much as hoped this year. In light of the latest data, traders have lowered their bets on a March interest rate cut to a little more than 50 percent, down from 80 percent last week.

In Davos, an Australian mining boss presses industries to go green
In Davos, an Australian mining boss presses industries to go green
Economy
by  AFP

Andrew Forrest, a blunt Australian billionaire who made his fortune in iron ore mining, stood out among the heads of emissions-spewing industries at the meeting of global elites in Davos. "I'm saying to the industrial world, if the crabby, backwards old mining industry can do it, so can everyone else," Forrest told AFP in an interview in the Swiss Alpine resort.

Japan inflation slows in December as energy bills drop
Japan inflation slows in December as energy bills drop
Economy
by  AFP

Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank of Japan policy decision next week. "Price increases for now are driven by external factors such as global inflation," she said ahead of Friday's data release.