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Capital Goods Construction and Engineering

  • HONOLULU— When Moon Yun Pellerin's parents bought a 27th- floor apartment in a high-rise overlooking Waikiki about 15 years ago, they didn't realize the wave-shaped building had no fire sprinklers. The Marco Polo Apartments were built in 1971, before sprinklers became mandatory for new construction in Honolulu. Many— including New York, Chicago, Dallas and San...

  • Surfers ride the waves on a beach in Tel Aviv, Israel

    Israel is waking up to its dramatic shortfall in infrastructure compared to most developed economies and a potential increase in spending is bound to offer the private sector a raft of new opportunities.

  • LOS ANGELES— The father of fashion models Bella and Gigi Hadid has been fined and given community service for illegally building a gigantic mansion in Los Angeles. The Los Angeles Times reports that real estate developer Mohamed Hadid was sentenced Thursday to 200 hours of service, fined $3,000 and ordered to pay the city more than $14,000 to cover building...

  • LIMA, July 20- The government President Pedro Pablo Kuczynski said on Thursday it has resolved bureaucratic issues that had delayed construction of a $5.66 billion metro line in the capital Lima and a $1.5 billion expansion of the country's main airport. Transportation Minister Bruno Giuffra said on local radio and TV station RPP that work on Line 2 of the...

  • July 20- The pace of growth in Britain's construction industry slowed over the second quarter as investment was delayed by uncertainty over Brexit and the general election, a leading property body reported on Thursday. The quarterly survey from the Royal Institution of Chartered Surveyors showed a reversal from the first quarter, which saw growth...

  • WASHINGTON, July 19- U.S. homebuilding surged to a four-month high in June, but construction activity remains constrained by rising lumber prices and labor and land shortages. "A lack of workers is limiting the ability of builders to build, and input costs are also an issue," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania.

  • *Housing starts increase 8.3 percent in June. WASHINGTON, July 19- U.S. homebuilding rebounded more than expected in June after declining for three straight months, but construction activity remains constrained by rising lumber prices and labor and land shortages. Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units,...

  • NEW YORK, July 19- U.S. At 8:36 a.m., the yield on benchmark 10- year Treasury notes was 2.271 percent, up nearly 1 basis point from late on Tuesday. The 10- year yield hit 2.257 percent on Tuesday, which was the lowest level since June 29, Reuters data showed.

  • WASHINGTON, July 19- U.S. homebuilding rebounded more than expected in June after declining for three straight months, but construction activity remains constrained by rising lumber prices, labor and land shortages. Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units, the highest level since February as both...

  • TREASURY YIELDS HOLD AT HIGHER LEVELS AFTER STRONGER-THAN-FORECAST INCREASE IN U.S.

  • WASHINGTON— Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest. Housing starts climbed 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, the Commerce Department said Wednesday. "Steady gains in construction are expected over the next year, supported by still-strong...

  • *Earnings boost Georg Fischer, Ubisoft. LONDON, July 19- A slew of upbeat updates from European firms helped the region's benchmark index rise on Wednesday and recoup some of the previous session's sharp losses, though weakness among construction firms and cyclical sectors weighed. Europe's tech sector has gained more than 14 percent so far this year, but...

  • U.S. homebuilders are feeling less optimistic about their sales prospects, although their overall outlook remains positive. The National Association of Home Builders/Wells Fargo builder sentiment index, released Tuesday, declined to 64 this month. That's down two points from a downwardly revised reading of 66 in June and the lowest level since November.

  • China's giant steel sector churned out 72.78 million tonnes of the stuff in June. But the underlying reality is that China's steel mills are being incentivised to lift production rates by strong prices. That of Shanghai steel rebar, used primarily in the construction sector, was last week trading at levels not seen since the end of 2013..

  • July 17- A consortium that includes Carillion won a 1.4 billion pound contract to help build Britain's High Speed 2 railway on Monday, offering respite as the builder grapples with the aftermath of a battering writedown. The company's shares rose 21 percent to 67.89 pence by 1200 GMT, after Carillion said it and partners Kier Group and Eiffage had won two lots of...

  • July 14- Investors may have overbuilt U.S. housing stocks as data has yet to match up with the homebuilder sector's biggest rally in five years. The S&P 1500 Homebuilding index of homebuilder companies has surged 32 percent this year and hit a decade-high earlier this week. The stocks have run up faster than the data supports and there are better pockets of value...

  • LONDON, July 11- European shares made modest gains for a second session on Tuesday as strength among miners and banks lent a helping hand. Basic resources stocks supported the index, up 1 percent, with Anglo American the top FTSE gainer. Construction equipment company Travis Perkins was lifted by a positive update from peer Galliford Try, which said it saw...

  • *Pulls out of construction markets in Qatar, Egypt, Saudi Arabia. July 10- The chief executive of Britain's Carillion quit on Monday as the building and support services group warned on full-year profit and said it was pulling out of three construction markets in the Middle East. Carillion shares plunged 35 percent to trade at 124 pence by 1200 GMT, having earlier...

  • *Pulls out of construction markets in Qatar, Egypt, Saudi Arabia. July 10- The chief executive of Britain's Carillion quit on Monday as the building and support services group warned on full-year profit and said it planed to pull out of three construction markets in the Middle East. The company said to conserve cash and cut debt it had decided to suspend dividends...

  • PARIS, July 10- The Bank of France said on Monday it maintained its forecast for French second-quarter gross domestic product growth of 0.5 percent and predicted a pickup in the industrial, services and construction sectors for July. The construction industry indicator rose to 103 points in June from 102 in May- its highest level since May 2011.