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Hong Kong stocks rise; financials, energy up ahead of China open

HONG KONG, Oct 7 (Reuters) - Hong Kong shares rallied on Wednesday, rising over 3 percent, as financials and energy stocks shone just a day before China markets reopen after the national holidays.

UPDATE 2-Crude oil futures push higher after range breakout

* China markets still closed for national holidays (Updates prices, adds API data)

SABIC chief expects decision on $30 bln Saudi project in Q2

SEOUL, Oct 7 (Reuters) - Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, expects to make a decision in the second quarter of 2016 on whether to go ahead with a $30 billion oil-to-chemicals plant project, its chief executive said.

Canada’s petchem sector looks for expansions on back of domestic feedstock

Many petrochemical companies are exploring the opportunities from the new supply of natural gas liquids derived from shale gas developments in Canada.

Nationwide, electricity generation from coal falls while natural gas rises

(Wed, 07 Oct 2015) The monthly natural gas share of total U.S. electricity generation surpassed the coal share for the second time ever in July, with natural gas fueling 35.0% of total generation to coal's 34.9% share. Compared to the previous July, coal-fired generation fell in every region of the country, while natural gas-fired generation rose in every region.

Indonesia Country Analysis Brief

(Wed, 07 Oct 2015) Indonesia struggles to attract sufficient investment to meet growing domestic energy consumption because of inadequate infrastructure and a complex regulatory environment. At the same time, it was the world?s largest exporter of coal by weight and the fifth largest exporter of liquefied natural gas in 2014.

Financials, energy shares lead gains in Hong Kong stocks

HONG KONG, Oct 7 (Reuters) - Hong Kong shares rose more than 1 percent on Wednesday, lifted by financials and continued gains in the energy sector.

UPDATE 1-Colombia fiscal outlook could worsen in 2016 -president

BOGOTA, Oct 6 (Reuters) - Colombia could face a worse fiscal outlook next year than it did in 2015, President Juan Manuel Santos said on Tuesday, as the Andean country's finances continue to suffer amid the global fall in crude oil prices.

Prolonged Australian dry spell threatens agricultural output

SYDNEY, Oct 7 (Reuters) - A bout of hot, dry weather in Australia over the next three months is likely to exacerbate an expected downturn in agricultural output, with wheat and milk production most affected, analysts said on Wednesday.

Crude oil futures push higher after range breakout

TOKYO, Oct 7 (Reuters) - Crude oil futures rose further in thin Asian trade on Wednesday after breaking out of a month-long trading range on a forecast suggesting a global glut in supply may be easing.

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