Energy Update
SYDNEY/WELLINGTON, Jan 27 (Reuters) - Australian shares fell 0.7 percent on Wednesday, led by losses in energy and banking stocks, while New Zealand and much of Asia put on modest gains on Wall Street's strength.
BEIJING, Jan 27 (Reuters) - Profits earned by Chinese industrial firms in December fell 4.7 percent from a year earlier, the seventh straight month of declines, as the slowing economy hits sales and forces many companies to cut prices to win business.
South Korea based chemical company, LG Chem has scrapped its plan to build $4.2bn petrochemical complex in Kazakhstan due to plunging oil prices.
NEW YORK, Jan 26 (Reuters) - The blizzard that battered the U.S. East Coast over the weekend may be just a taste of what is to come, as February is usually the snowiest month and is likely to be snowier this year because of the El Nino weather phenomenon, weather experts say.
PJSC RusHydro and equipment manufacturer Voith Hydro have approved preliminary terms of a deal to optimize costs associated with rehabilitation of the 1,360-MW Saratovskaya hydroelectric plant.
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