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UK's Bellway, Redrow flag tough housing market despite recent pickup in activity

UPDATE 1-UK's Bellway, Redrow flag tough housing market despite recent pickup in activity Adds Redrow results, background Feb 9 (Reuters) - UK homebuilders Bellway BWY.L and Redrow RDW.L on Thursday flagged persistent market challenges despite a slight pickup in activity in recent weeks, as a surge in loan costs and broader inflationary pressures drive buyers away.
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Germany's DIHK lifts forecast, sees economic stagnation in 2023

Germany's DIHK lifts forecast, sees economic stagnation in 2023 BERLIN, Feb 9 (Reuters) - The German economy will stagnate this year, the DIHK Chambers of Commerce and Industry said on Thursday, revising upwards its forecast for Europe's biggest economy which it had previously expected to contract by 3.0%. Consumer prices exploded last year due to soaring gas prices caused by the war in Ukraine and supply bottlenecks and the government and economists saw no way to avoid recession.

Jiangxi Huawu Brake's Shareholder To Unload 3.0% Stake

BRIEF-Jiangxi Huawu Brake's Shareholder To Unload 3.0% Stake Feb 9 (Reuters) - Jiangxi Huawu Brake Co Ltd 300095.SZ : SAYS SHAREHOLDER PLANS TO UNLOAD UP TO 3.0% STAKE IN THE COMPANY WITHIN SIX MONTHS Source text Further company coverage: 300095.SZ Reporting by Hong Kong Newsroom

Shenzhen Dvision's Major Shareholder To Sell 9.8% Stake In The Company

BRIEF-Shenzhen Dvision's Major Shareholder To Sell 9.8% Stake In The Company Feb 9 (Reuters) - Shenzhen Dvision Co Ltd 300167.SZ : SAYS MAJOR SHAREHOLDER PLANS TO SELL 35.4 MILLION SHARES, OR 9.8% STAKE, IN THE COMPANY AT THE PRICE OF NO LESS THAN 5.8 YUAN ($0.8554) PER SHARE Source text Further company coverage: 300167.SZ ($1 = 6.7805 Chinese yuan

China's planned curbs for solar wafer equipment exports not industry-targeted

UPDATE 1-China's planned curbs for solar wafer equipment exports not industry-targeted Adds quote, context on ministry proposal BEIJING, Feb 9 (Reuters) - China's proposed restrictions on exports of solar wafer manufacturing equipment are not aimed at a specific industry, a commerce ministry spokesman said at a regular press briefing on Thursday. The Ministry of Commerce proposed on Dec.

UK's Bellway, Redrow flag tough housing market despite recent pickup in activity

UPDATE 1-UK's Bellway, Redrow flag tough housing market despite recent pickup in activity Adds Redrow results, background Feb 9 (Reuters) - UK homebuilders Bellway BWY.L and Redrow RDW.L on Thursday flagged persistent market challenges despite a slight pickup in activity in recent weeks, as a surge in loan costs and broader inflationary pressures drive buyers away.
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Rovio posts Q4 profit drop, says mobile game market shrank last year

Rovio posts Q4 profit drop, says mobile game market shrank last year Feb 9 (Reuters) - Finnish game maker Rovio ROVIO.HE , best known for its Angry Birds franchise, posted a fall in fourth-quarter profit on Thursday and said the global mobile game market in 2022 declined for the first time ever. "The market normalised after supercharged growth during the onset of COVID-19 in 2020 and 2021, when the global market grew annually by 30.1% and 12.5%, respectively," the company said in its financial s
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Westfield-owner Unibail forecasts annual earnings in line or above 2022

UPDATE 1-Westfield-owner Unibail forecasts annual earnings in line or above 2022 Adds details on debt, dividend, Amsterdam delisting By Dina Kartit Feb 9 (Reuters) - Shopping mall owner Unibail-Rodamco-Westfield URW.AS on Thursday forecast 2023 earnings in line or above last year's level after tenant sales and rental collection recovered to pre-COVID levels.
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Estonian PM: EU countries should jointly buy arms and ammunition for Ukraine

Estonian PM: EU countries should jointly buy arms and ammunition for Ukraine BRUSSELS, Feb 9 (Reuters) - EU member states should jointly buy arms and ammunition for Ukraine, Estonia's Prime Minister Kaja Kallas told reporters on Thursday ahead of an EU summit in Brussels. "It is very important that we speed up the military aid to Ukraine," she also said.

Japanese stocks attract foreign inflows for fourth week in a row

Japanese stocks attract foreign inflows for fourth week in a row Feb 9 (Reuters) - Foreign investors were net buyers of Japanese stocks for a fourth straight week in the week ended Feb. 3, buoyed by a rally in technology and growth stocks, following a more dovish-than-expected message from the U.S. Federal Reserve Chair Jerome Powell. Overseas investors purchased Japanese equities worth a net 243.02 billion yen ($1.85 billion) after 1.32 trillion yen worth of net buying in the previous week, dat
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India's MRF reports Q3 profit jump on softer raw material prices, solid demand

India's MRF reports Q3 profit jump on softer raw material prices, solid demand CHENNAI, Feb 9 (Reuters) - Indian tyremaker MRF MRF.NS reported a 16% jump in quarterly profit on Thursday, as raw material prices eased and a pickup in economic activity led to higher demand for its now-pricier tyres. Standalone profit from continuing operations was 1.69 billion rupees ($20.46 million) for the third quarter ended Dec.

UK's Argo Blockchain founder Peter Wall to step down as CEO

UK's Argo Blockchain founder Peter Wall to step down as CEO Feb 9 (Reuters) - Crypto miner Argo Blockchain ARB.L said on Thursday its founder Peter Wall would step down from his position as chief executive officer and interim chairman. The company has appointed its Chief Operating Officer Seif El-Bakly as interim CEO, while Matthew Shaw will takeover as chairman of the board.

Bayer investors welcome CEO change - shares up 3.6%

Bayer investors welcome CEO change - shares up 3.6% BERLIN, Feb 9 (Reuters) - Bayer BAYGn.DE investors on Thursday welcomed the decision that Bill Anderson had been picked as new chief executive from June, driving shares up 3.6% in early trade on top of a 6% gain following Wednesday's announcement around 15 minutes before market close. The former Roche ROG.S manager's appointment for the top job came after shareholder pressure mounted over recent months to soon remove CEO Werner Baumann, who eng
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Russian oil output rises by 1% this month, says media report

Russian oil output rises by 1% this month, says media report This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Feb 9 (Reuters) - Russian oil producers increased output by almost 1% in the first week of February from January, despite Western embargoes on Russian fuel, Kommersant daily reported on Thursday, citing anonymous data.

Japan's Nippon Steel to pay record FY dividend on rising profit

Japan's Nippon Steel to pay record FY dividend on rising profit Feb 9 (Reuters) - Japan's top steelmaker Nippon Steel Corp 5401.T on Thursday posted a 2% increase in April-December net profit to 517 billion yen ($4 billion) and said it would pay a record-high full-year dividend of 180 yen per share. Nippon Steel, which kept its full-year net profit forecast unchanged at 670 billion yen, paid an annual dividend of 160 yen per share last year.

Nissan COO: North American Market Is Weakening From Initial Forecasts

BRIEF-Nissan COO: North American Market Is Weakening From Initial Forecasts Feb 9 (Reuters) - Nissan Motor Co Ltd 7201.T : CFO MA: MAIN OBJECTIVE OF BOTH RENAULT AND NISSAN IS THAT SELLING OF SHARES IN TRUST WON'T NEGATIVELY IMPACT SHARE PRICE COO: NORTH AMERICAN MARKET IS WEAKENING FROM INITIAL FORECASTS Further company coverage: 7201.T Reporting
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Qinhuangdao Tianqin Equipment's Shareholders To Unload 3.8% Stakes

BRIEF-Qinhuangdao Tianqin Equipment's Shareholders To Unload 3.8% Stakes Feb 9 (Reuters) - Qinhuangdao Tianqin Equipment Manufacturing Co Ltd 300922.SZ : SAYS SHAREHOLDER, PARTY ACTING IN CONCERT PLAN TO UNLOAD UP TO THEIR ENTIRE 3.8% STAKES IN THE COMPANY WITHIN SIX MONTHS Source text Further company coverage: 300922.SZ Reporting by Hong Kong News

Russia's Sberbank to publish FY 2022 results under IFRS on March 9

Russia's Sberbank to publish FY 2022 results under IFRS on March 9 This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Feb 9 (Reuters) - Russia's Sberbank SBER.MM said it will publish full year results for 2022 based on international financial reporting standards (IFRS) on March 9. Russia's No.

Eastward gas flows rise on Yamal-Europe pipeline, flows via Ukraine stable

Eastward gas flows rise on Yamal-Europe pipeline, flows via Ukraine stable Feb 9 (Reuters) - Eastbound gas flows rose on Thursday morning on the Yamal-Europe pipeline to Poland from Germany, while Russian supplies to Europe via Ukraine were stable, data from pipeline operators showed. Exit flows at the Mallnow metering point on the German border stood at 1,781,296 kilowatt hours (kWh) per hour between 0700 CET and 0800 CET, up from around 1,315,000 kWh/h the previous day.
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India equity mutual fund inflows hit four-month high in Jan - industry data

India equity mutual fund inflows hit four-month high in Jan - industry data By Bharath Rajeswaran BENGALURU, Feb 9 (Reuters) - Inflows into Indian equity mutual funds jumped nearly 72% to 125.47 billion rupees ($1.52 billion)in January, their highest in four months, data from the Association of Mutual Funds in India (AMFI) showed. The inflows had more than tripled in December to 73.03 billion rupees.

Taiwan buys estimated 48,100 tonnes wheat of U.S.-origin in tender

UPDATE 1-Taiwan buys estimated 48,100 tonnes wheat of U.S.-origin in tender Adds detailed purchase breakdown and prices from paragraph three HAMBURG, Feb 9 (Reuters) - The Taiwan Flour Millers' Association purchased an estimated 48,100 tonnes of milling wheat to be sourced from the United States in a tender on Thursday, European traders said. The purchase involved various wheat types for shipment from the U.S.



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