Pacific Hydro owns wind and hydro power generation assets in Australia and South America.

Chinese buy Pacific Hydro

China's State Power Investment Corp has bought IFM Investors' renewable energy business, Pacific Hydro, for more than $3 billion.

Shares soared above the key 5000 level on Wednesday on a bounce in oil prices ahead of the historic US Federal Reserve decision

ASX soars above 5000 in pre-Fed rally

The Australian sharemarket snapped its six-day losing streak with its biggest rally in four months, a day out from the historic US Federal Reserve decision.

BlackRock tips RBA rate cut

BlackRock reckons the Reserve Bank of Australia will be forced to lower interest rates as challenges to the nation's economy mount.