Capital Goods Construction and Engineering

  • *Construction sector seals two-stage pay hike for 22 months. BERLIN, May 18- The wage rises sealed by German unions for more than six million employees so far in this year's pay negotiations are relatively moderate compared to last year's agreements and may not help propel growth as much as in 2015, analysts say. Europe's biggest economy is relying increasingly...

  • SAO PAULO/ BRASILIA, May 17- Brazil's new interim government is suspending negotiations with construction companies caught up in a massive corruption investigation in order to make leniency deals more rigorous and prove its anti-graft credentials. A legislative change would delay the signing of leniency agreements- which some regard as a key ingredient to...

  • *Consumer prices increase 0.4 percent in April. WASHINGTON, May 17- U.S. consumer prices recorded their biggest increase in more than three years in April as gasoline and rents rose, pointing to a steady inflation build-up that could give the Federal Reserve ammunition to raise interest rates later this year. The Labor Department said its Consumer Price Index...

  • WASHINGTON, May 17- U.S. housing starts rose more than expected in April as builders ramped up the construction of single and multi-family homes, supporting views that the economy was regaining steam early in the second quarter. Groundbreaking increased 6.6 percent to a seasonally adjusted annual pace of 1.17 million units, the Commerce Department said on...

  • SAO PAULO, May 12- MRV Engenharia SA, Brazil's largest builder of low-income housing, posted a rise in profit on Thursday as the company focused new construction in cities where it had a smaller footprint, looking to win market share in a downturn. Net revenue slipped 5 percent from a year earlier due to fewer new project launches, but Co-Chief Executive Rafael...

  • Boosting employment in UK’s construction sector

    Kevin Byrne, CEO and founder at Checkatrade.com, looks at the “Brexit” impact on the U.K. construction industry.

  • MEXICO CITY, May 9- Spanish construction firm Ferrovial SA may cancel its plan to bid jointly with cash-strapped local builder ICA for a contract to build a $3.5 billion terminal building for Mexico City's new airport, people familiar with the matter said. Ferrovial, which won a 2010 contract to build a terminal at London's Heathrow Airport for around 800...

  • Chelsea Francis as a child

    The Labor Department estimates from 2014 to 2024, environmental engineering jobs will increase by 12 percent, double the the growth for all jobs.

  • In a statement, Homex said the SEC probe, shared in an April 25 notification, concerns its accounting practices around losses and gains from real estate sales from 2010 to 2012.. Homex said the SEC had sent similar notifications to some employees of the company, who would be taking a leave of absence in order to fully focus on responding to the probe.

  • PYONGYANG, May 5- The Pyongyang skyline is rising- and not just with the trophy structures that represent the North Korean state. In a comparison of photos taken by Reuters this week and on a visit to Pyongyang last October, several new high-rises of 20 or more stories have appeared in the capital, some appearing near completion. The construction, mostly of what look...

  • DUBAI/ RIYADH, May 5- Saudi Arabia has allowed major builder Saudi Binladin Group to resume bidding for state projects, a senior Binladin executive said on Thursday, in a decision that may ease financial pressure on the troubled firm and banks which lend to the group. The company, one of the Middle East's largest builders, has struggled since last September, when it...

  • LONDON, May 4- Sterling fell broadly on Wednesday after data from Britain's construction sector added to a subdued outlook for the economy just months before the vote on Britain's future in the European Union. Most economists reckon leaving the EU would deal a blow to the British economy, with a hefty current account deficit- 7 percent of GDP in the last quarter of...

  • 3D-printed wheelchair for 2-legged goat

    High school students used a 3D-printer to create a custom wheelchair for a goat born with two legs.

  • CHICAGO, May 2- China's largest commercial property company, Dalian Wanda, and a Chicago real estate developer on Monday announced they will build a $900 million skyscraper, the largest-ever real estate investment by a Chinese company in Chicago. Last week, affiliates of Chicago- based Magellan Development Group and Beijing- based Wanda Group completed a land...

  • *Manufacturing expands in April at a slower pace. WASHINGTON, May 2- U.S. manufacturing activity. The Institute for Supply Management said on Monday its index of national factory activity slipped to 50.8 last month from a reading of 51.8 in March.

  • WASHINGTON, May 2- U.S. construction spending rose to an 8-1/ 2- year high in March and the prior month's outlays were revised higher, pointing to sustained strength in the sector despite a sharp downturn in spending by energy firms. Construction spending increased 0.3 percent to the highest level since October 2007, following an upwardly revised 1.0 percent...

  • A picture taken on March 9, 2016 shows towers under construction at the King Abdullah Financial District in the Saudi capital Riyadh. Towers in the complex are being built by the Saudi Oger company and other constructors. The unfinished buildings stand as a symbol of the hard times faced by Saudi Oger.

    Construction company Saudi Binladin, founded by Osama bin Laden's father, reportedly laid off 50,000 staff, as cheap oil spurs government spending cuts.

  • MEXICO CITY, April 29- Mexico construction company ICA plans to file a pre-packaged bankruptcy for some units, exit its international business and sell its homebuilding operations as it seeks to restructure, according to a document seen by Reuters. The document, which outlines minutes of a meeting this month at which Chief Financial Officer Pablo Garcia...

  • OTTAWA/ NEW YORK, April 29- Canada's top court ruled on Friday that the World Bank did not need to turn over documents sought in a case against former employees of SNC-Lavalin accused of bribery, finding the international organization had immunity from the request. The Supreme Court of Canada overturned a lower court order from 2014 that said the World Bank...

  • DUBAI, April 29- Construction company Saudi Binladin Group has laid off 50,000 staff, a newspaper reported on Friday, as pressure on the industry rises amid government spending cuts to survive an era of cheap oil. The total workforce at Binladin, one of Saudi Arabia's biggest firms and among the Middle East's largest builders, is around 200,000, according to its...