ArcelorMittal South Africa defers closure of long steel unit by 6 months – Reuters

Reporting by Nelson Banya; Editing by Himani Sarkar and Sherry Jacob-Phillips and Miral Fahmy
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Hundreds of thousands of residents across Australia's Victoria state remained without power on Wednesday after wild weather knocked down transmission lines and sparked bushfires that injured five firefighters.
Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve.
Eversource Energy on Tuesday reported a loss in the fourth quarter, as the utility recorded after-tax impairment charges of about $1.62 billion related to its offshore wind projects.
Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December, reflecting subsidy cuts or tighter rules in Germany and France and seasonally weaker sales in China, market research firm Rho Motion said on Wednesday.
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