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Asian markets mostly rise on US debt ceiling optimism
Asian markets mostly rise on US debt ceiling optimism
Business and Economy
by  AFP

Hopes that lawmakers are edging closer to a deal to hike the US debt ceiling lifted spirits in Asia on Friday, though traders remain nervous as a deadline to avert a calamitous default draws closer. Reports said the two camps were edging towards a deal that would lift the debt ceiling and cap spending for two years.

Cocaine price crash a blow for Colombian coca growers
Cocaine price crash a blow for Colombian coca growers
Business and Economy
by  AFP

"Carlos," a 36-year-old coca grower in Colombia, is stuck hanging onto kilos of the valuable paste used to make cocaine stashed under his bed. - 'Not a lot' - It appears ironic that growers are struggling: Colombia broke its own record of land under coca cultivation two years ago, according to the latest available UN report.