Energy Update

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MOSCOW, Oct 27 (Reuters) - Russia's budget deficit may reach
4.7 percent of gross domestic product this year if Moscow fails
to sell a state stake in oil giant Rosneft, a senior
vice president at Moody's Investor Service said on Thursday.

** Commercial laundry company Berendsen -15%, and
among the worst performing UK midcaps, after a profit warning
puts stock on track for one of its worst days on record

* Thermal coal futures sink 5 percent, threaten months-long
rally

Oct 27 (Reuters) - Oilfield services firm Amec Foster
Wheeler Plc said it agreed to dispose of three assets
held for sale for 100 million pounds ($122.17 million) as it
aims to reduce debt.

* Compares with previous forecast of 4.7-5 bln

(Adds details, quotes, background)

* Minerals America head to oversee non-operated joint
ventures

LUDWIGSHAFEN, Germany, Oct 27 (Reuters) - BASF
published detailed quarterly earnings on Thursday that showed
its oil business and farming pesticides division exceeded
initial expectations by the widest margins, prompting the
chemicals group to publish group profit ahead of schedule
earlier this month.

LUDWIGSHAFEN, Germany, Oct 27 (Reuters) - Quarterly earnings
at BASF's oil business and farming pesticides
division exceeded initial expectations by the widest margins,
prompting the chemicals group to publish group profit ahead of
schedule earlier this month, detailed results released on
Thursday showed.

BEIJING, Oct 27 (Reuters) - Profit growth in China's
industrial firms slowed sharply as some key manufacturing
sectors stumbled on weak activity and rising debt, suggesting
the world's second-biggest economy remains underpowered despite
emerging signs of stability.

Germany’s lower house of parliament, the Bundesrat, voted in October to ban the sale of cars with internal combustion engines by 2030.

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