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Asian markets mixed as traders await rate decisions
Asian markets mixed as traders await rate decisions
Business and Economy
by  AFP

Asian stocks were mixed Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break. Chinese markets are "catching up with the performance of Hong Kong and US markets during the Chinese New Year", said Willer Chen, at Forsyth Barr Asia.

ECB to hike rates again, but outlook brightens
ECB to hike rates again, but outlook brightens
Business and Economy
by  AFP

The European Central Bank is expected to push on with its inflation fight Thursday with a fresh rate hike, even as signs grow the eurozone might have passed the worst of an economic shock. But ECB president Christine Lagarde has repeatedly stressed rates will continue to rise at a steady pace, and the bank is expected to agree on a 50-basis point hike Thursday.

S.Africa not ditching coal 'just like that', Ramaphosa cautions
S.Africa not ditching coal 'just like that', Ramaphosa cautions
Business and Economy
by  AFP

Coal-rich but energy-starved South Africa will not immediately abandon its fossil-fuelled electricity generating plants as it transitions to cleaner forms of power, President Cyril Ramaphosa said Sunday. South Africa, one of the world's largest polluters which generates about 80 percent of its electricity through coal, is in the grip of an energy crisis.