China energy giants' H1 profits fall on low oil prices

Two of China's biggest energy companies, Sinopec and CNOOC, saw their first half net profits slump as low international oil prices and a weak global economy hit the bottom line, they said. Refiner Sinopec's net profit for the first six months slumped 22.3 percent to 24.43 billion yuan ($3.81 billion), it said late Wednesday in a statement to the Hong Kong stock exchange, where it is listed. "In the first half of 2015, the global economic recovery remained slow," Sinopec chairman Wang Yupu said i