Capital Goods Construction and Engineering

  • OTTAWA, Sept 8- Canadian construction and engineering company SNC-Lavalin Group Inc, hit by a wide-ranging misconduct scandal in 2012, on Thursday said it had reached an agreement with authorities over illegal political donations. Corporations are not allowed to give money to political parties in Canada. The illegal donations totaled almost C $118,000 and...

  • The company also added Bill Pulte, the grandson of founder and largest shareholder William Pulte, to its board. Marshall will replace Richard Dugas, who announced his retirement in April, bowing to pressure from William Pulte. In July, William Pulte said in a letter to shareholders that the company had a lot of ground to cover, mainly on cost controls and home sales.

  • DUBAI/ RIYADH, Sept 8- The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter. Oger, owned by the family of former Lebanese Prime Minister Saad Hariri, was one of two mega-contractors...

  • One Belt, One Road off the drawing board soon: AECOM

    AECOM's Sean Chiao talks about his company's role in China's One Belt, One Road project to improve infrastructure and connectivity in the region.

  • DENVER, Sept 6- The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all...

  • DENVER, Sept 6- The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all...

  • DENVER, Sept 6- The drumbeat of hammers echoes most mornings through suburban Denver, where Jay Small, the owner of company that frames houses, is building about 1,300 new homes this year. Eight years after the housing bust drove an estimated 30 percent of construction workers into new fields, homebuilders across the country are struggling to find workers at all...

  • BRASILIA, Sept 5- Brazil on Monday banned IESA Oil& Gas from government work for paying bribes, the third construction and engineering company barred in the massive graft and political kickbacks scandal involving contracts with state oil company Petrobras. The Ministry of Transparency, Brazil's primary anti-corruption agency, said IESA would not be able to...

  • HANGZHOU, China, Sept 4- British Prime Minister Theresa May said on Sunday she wanted her security advisers to help review a delayed nuclear power investment from China- a source of diplomatic tension- as she arrived for a G20 summit. May upset Chinese officials in July by delaying a $24 billion project that would see French firm EDF build Britain's first new...

  • *Segro shares fall 2.7 pct to 443 pence at 1221 GMT. Sept 2- Segro Plc, Britain's largest listed industrial property developer, shook off wider Brexit concerns on Friday, raising 325 million pounds to develop new logistics warehouses as "e-retailing" grows across Europe. Property was one of the sectors hardest hit by Britain's June 23 referendum to leave the...

  • LONDON, Sept 2- UK housebuilder Berkeley Group Holdings Plc has halted construction at a 20 million-pound luxury housing project in London, it said on Friday. Berkeley Group declined to say why it stopped construction last month at the Barnes Village scheme in southwest London, where homes were expected to sell for up to 5 million pounds, local residents said.

  • *UK construction PMI tops all forecasts. *PMI adds to signs UK economy holding up after Brexit vote shock. LONDON, Sept 2- Britain's construction industry largely recovered in August from a downturn that started just before June's vote to leave the European Union, according to a survey on Friday that added to signs the economy is stabilizing.

  • *Segro shares fall 2.6 pct to 443.5 pence at 0917 GMT. Sept 2- Segro Plc, Britain's largest listed industrial property developer, shook off wider Brexit concerns on Friday, raising 340 million pounds to develop new logistics warehouses as "e-retailing" grows across Europe. Property was one of the sectors hardest hit by Britain's June 23 referendum to leave the...

  • BEIJING, Sept 2- China's home prices are expected to rise 10 percent this year due to robust demand, but will nearly stall in 2017 as more cities try to curb sharp price rises, a Reuters poll found. China's average nationwide home prices are expected to rise 10.0 percent in 2016 from a year ago, according to the median of forecasts from 11 analysts.

  • WASHINGTON/ MOSCOW, Sept 1- The United States on Thursday added dozens of people and companies to its sanctions blacklist over their actions in Ukraine, including separatists and Russian firms operating in Crimea which was annexed by Russia in 2014.. "Treasury stands with our partners in condemning Russia's violation of international law, and we will continue...

  • WASHINGTON/ MOSCOW, Sept 1- The United States added dozens of people and companies, including separatists and Russian firms operating in Crimea, on Thursday to its sanctions blacklist over their actions in Ukraine, the region annexed by Russia in 2014.. "Treasury stands with our partners in condemning Russia's violation of international law, and we will...

  • WASHINGTON, Sept 1- U.S. construction spending was unexpectedly flat in July as gains in the private sector were offset by steep declines in government outlays, but upward revisions to the prior two months suggested a lift to the second-quarter economic growth estimate. The Commerce Department said on Thursday that the unchanged reading for construction...

  • WASHINGTON, Sept 1- U.S. construction spending was unexpectedly flat in July as gains in the private sector were offset by steep declines in government outlays, but upward revisions to the prior two months suggested a lift to the second-quarter economic growth estimate. The Commerce Department said on Thursday that the unchanged reading for construction...

  • SHANGHAI, Sept 1- China stocks finished lower on Thursday dragged by real estate shares, as official August purchasing managers' index data showed activity slowing in the construction sector. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.8 percent to 3,301.58 points, while the Shanghai Composite Index dropped 0.7 percent to...

  • SYDNEY, Sept 1- Australia has successfully used historically low borrowing costs to spark a boom in home building that has helped shepherd the economy through the dog days of a global mining downturn. Rents were the single biggest factor behind the marked inflation slowdown this year that prompted a reluctant Reserve Bank of Australia to further cut rates to a...