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UK house sales outlook weakest in 20 years as Brexit nears

A measure of expected British house sales over the next three months was the weakest on record in December as Brexit approached, a survey of property valuers showed on Thursday.

Source: Reuters

Microsoft pledges $500 million to tackle Seattle housing crisis

Microsoft pledged $500 million to address homelessness and develop affordable housing in response to Seattle's widening affordability gap.

Source: The Associated Press

UPDATE 1-Alstom expects to complete Siemens tie-up in first-half of 2019

PARIS, Jan 17- French transport infrastructure group Alstom said it was making progress on its planned tie-up with Germany's Siemens, as the pair fight to win over regulators concerned that the deal could stifle competition in the sector. In 2017, Siemens and Alstom agreed to merge their rail operations, creating a European group better able to withstand the...

Source: Reuters

METALS-Copper rises for 3rd day on China's stimulus measures

SINGAPORE/ BEIJING, Jan 17- London copper prices rose for a third straight session on Thursday as China's move to inject liquidity into the financial system boosted expectations of higher demand in the world's top industrial metals consumer. The People's Bank of China is injecting 250 billion yuan through seven-day reverse bond repurchase agreements and...

Source: Reuters

UPDATE 1-China installed 18 pct less solar power capacity in 2018

*China installed 43 GW of new solar in 2018 vs. 53 GW in 2017. SHANGHAI, Jan 17- China put just over 43 gigawatts of new solar generation capacity into operation in 2018, down 18 percent from a year earlier, an industry group said on Thursday, after a government move to curb new capacity and ease a subsidy payment backlog. China announced last year that it would suspend...

Source: Reuters

UPDATE 2-Australia's Woodside steps up spending for next leg of growth

*Capital spending seen at $1.6- $1.7 bln for 2019. MELBOURNE, Jan 17- Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade. Australia's largest independent gas and oil producer plans to spend...

Source: Reuters

METALS-Copper rises for 3rd session on China's stimulus measures

SINGAPORE, Jan 17- London copper prices rose for a third straight session on Thursday as China's move to inject liquidity into the financial system boosted expectations of higher demand in the world's top industrial metals consumer. *Three-month copper on the London Metal Exchange rose 0.3 percent to $5,987 a tonne by 0130 GMT while the most-traded contract...

Source: Reuters

UK house sales outlook weakest on record as Brexit nears - RICS

Britain's housing market has slowed since the June 2016 Brexit referendum with house prices, as measured by mortgage lenders Halifax and Nationwide, growing at the slowest pace in around five years. Simon Rubinsohn, RICS' chief economist, said December's fall in price expectations was linked to Brexit uncertainty which has deepened further in recent days...

Source: Reuters

UPDATE 1-CSX beats profit forecast, but stock down on outlook

LOS ANGELES, Jan 16- CSX Corp on Wednesday reported quarterly profit that topped Wall Street's view, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019.. Cooling economies in Asia and Europe are roiling global stock markets and fueling worries that the U.S. economy will stumble. Fourth-quarter net earnings at...

Source: Reuters

UPDATE 1-Alcoa beats profit estimates on strength in alumina segment

Alcoa's third-party alumina sales, or supplies to other smelters, rose 20.8 percent to $1.13 billion in the fourth quarter. Net income attributable to Alcoa was $43 million, or 23 cents per share, in the quarter ended Dec. 31, compared with a loss of $196 million, or $1.06 per share, a year earlier. Analysts on average had expected a profit of 50 cents per share, and...

Source: Reuters