Capital Goods Construction and Engineering

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  • July 21- PulteGroup Inc, the No.3 U.S. homebuilder, reported a 14 percent rise in quarterly profit as it sold more homes at higher prices. The company's net income rose to $117.8 million, or 34 cents per share, in the second quarter ended June 30, from $103.3 million, or 28 cents per share, a year earlier. Total revenue rose about 41 percent to $1.80 billion.

  • Horton Inc, the largest U.S. homebuilder, reported a 13 percent rise in quarterly profit as it sold more homes. The company's net income rose to $249.8 million, or 66 cents per share, in the third quarter ended June 30, from $221.4 million, or 60 cents per share, a year earlier. Revenue rose 9.5 percent to $3.15 billion.

  • *Spanish cities cheap compared with London or Paris. MADRID, July 20- Residential construction is coming back to life in Spain eight years after a property crash, with foreign investment pouring into developments in Madrid and Barcelona, and a jump in building permits pointing to more growth to come. Construction and real estate accounted for more than a third of...

  • WASHINGTON, July 19- U.S. housing starts rose more than expected in June as construction activity increased broadly, but downward revisions to the prior months' data pointed to a sector treading water in the second quarter. Groundbreaking surged 4.8 percent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on Tuesday.

  • *Housing starts increase 4.8 percent in June. WASHINGTON, July 19- U.S. housing starts rose more than expected in June as construction activity increased broadly, but downward revisions to the prior months' data pointed to a sector treading water in the second quarter. Groundbreaking surged 4.8 percent to a seasonally adjusted annual pace of 1.19 million units,...

  • WASHINGTON, July 19- U.S. housing starts rose more than expected in June as construction activity increased broadly, but a downward revision to the prior month's data pointed to a housing sector treading water in the second quarter. Groundbreaking surged 4.8 percent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on...

  • WASHINGTON— Construction of new homes posted a solid increase in June, led by a surge of building in the Northeast and the West. The Commerce Department said Tuesday that housing starts rose 4.8 percent to a seasonally adjusted annual rate of 1.19 million from a revised 1.14 million in May. The average 30- year fixed-rate mortgage ticked up 3.42 percent last week,...

  • U.S. homebuilders are feeling slightly less optimistic about their sales prospects this month, though their outlook for the new-home market remains positive overall. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell one point to 59.. The average 30- year fixed-rate mortgage ticked up 3.42 percent last...

  • OTTAWA, July 15- The housing boom in Canada's hottest cities has spilled over into the suburbs, where builders say they are working as fast as they can to meet soaring demand and get homes to market before a much-feared housing bust. "It's definitely' Build as quickly as possible and get your pre-sales out,"' said Robert de Wit, chief executive of the Greater Vancouver...

  • WASHINGTON— National Association of Home Builders releases housing market index for July, 10 a.m.; Treasury releases international money flows data for March, 4 p.m.. WASHINGTON— Commerce Department releases housing starts for June, 8:30 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases...

  • July 13- Iran signed a Memorandum of Understanding with Russia's Zarubezhneft on Tuesday for a feasibility study on two joint fields in the west of the country, according to oil ministry news agency SHANA. Iran needs foreign investment for repairs and upgrading of its oil and gas fields. *Germany's Siemens AG signed an MoU in May with National Iranian Oil Company...

  • Construction started on six reactors in China in 2015, three times more than the rest of the world, while eight went into operation there last year, out of 10 globally, underlining how the world's biggest energy user is a bright spot for the nuclear industry. Three reactors have started up this year in China, with one in South Korea and another in the U.S., Watts Bar 2,...

  • SAO PAULO, July 12- On Christmas Day 2014, in an empty São Paulo office building, four senior executives at engineering firm Grupo OAS SA set in motion a corporate bankruptcy that is helping reshape Brazil Inc.. Over the previous decade, Brazil's ruling Workers Party had built national champions using cheap state credit and contracts with state firms.

  • Infrastructure Investment

    China State Construction International Holdings (CSI) secured the top spot for the industrial sector in the annual survey. Executive director Hung Cheung Shew explains the firm's growth strategy.

  • OTTAWA, July 11- Canadian housing starts rose much more than expected in June from May on booming apartment construction in Ontario as well as a strong performance from British Columbia, data from the national housing agency showed on Monday. Senior officials in the Liberal government have recently expressed concern about high prices in Toronto and the...

  • OTTAWA, July 11- Canadian housing starts rose much more than expected in June from May, bolstered by apartment construction in the province of Ontario, data from the national housing agency showed on Monday. The report from the Canadian Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts rose to 218,333 in June, up from a...

  • BRASILIA, July 6- Brazil's federal police on Wednesday said it served nine arrest warrants in two states as part of a corruption investigation into a nuclear power plant in Rio de Janeiro. In a statement, police said engineering companies colluded to overcharge Eletronuclear for the construction of the Angra 3 plant near Rio de Janeiro. Eletronuclear expects...

  • NEW YORK, July 5- The safe-haven yen rose sharply against the euro and dollar while sterling fell to its lowest in more than 30 years on Tuesday, as currency markets fretted about more signs of economic stress stemming from Britain's decision to leave the European Union. After a disappointing reading of construction industry sentiment on Monday, the PMI survey...

  • *All eyes on UK data, Bank of England Governor. After a shockingly bad reading of construction industry sentiment on Monday, analysts worry the PMI survey of purchasing managers in Britain's dominant service sector, due at 0930 GMT, will add to growing worries about the economy after the vote to leave the European Union. "The data this morning in the UK is going to be...

  • July 4- The U.S. office vacancy rate fell to 16.0 percent in the second quarter, the lowest in seven years, research firm Reis Inc said on Monday. The next few months will be pivotal for both the labor market and the office space market, " Ryan Severino, the firm's senior economist and director of research, said in a statement. New York and Washington D.C. remained the...