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Capital Goods Construction and Engineering

  • MEXICO CITY/ MADRID, Dec 6- Mexican tycoon Carlos Slim and construction firm ICA will bid jointly to build a $3.5 billion terminal for Mexico City's new airport, and no longer face competition from Spanish rivals Ferrovial and Dragados, people familiar with the matter said. Reuters reported in October that a consortium led by Carso Infraestructura y...

  • Dec 6- U.S. luxury homes builder Toll Brothers Inc's revenue increased more than expected for the fifth straight quarter, boosted by higher home sales and average selling prices, and the company also gave an encouraging outlook. Toll Brothers, whose homes can cost upwards of $2 million, on Tuesday also introduced a new line of homes to cater to affluent...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and Chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • BRASILIA, Dec 1- Engineering firm Odebrecht SA signed a roughly 6.7 billion real leniency deal on Thursday with prosecutors in Brazil's biggest graft case while nearly 80 employees of the company signed plea bargains, sources said. The money will be divided between authorities in the United States, Switzerland and Brazil, which would be the main beneficiary.

  • BRASILIA, Dec 1- Engineering firm Odebrecht SA signed a 6.7 billion real leniency deal on Thursday with prosecutors in Brazil's biggest graft case, opening the way for 77 executives to conclude plea bargains, a source at the prosecutors office said. The money will be divided between the United States, Switzerland and Brazil, which would be the main beneficiary.

  • Dec 1- Cummins Inc, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. The move comes as weak heavy-duty truck production in North America and poor global demand for power generation equipment...

  • WASHINGTON, Dec 1- U.S. construction spending increased in October to a seven-month high amid gains in home building and public outlays, and estimates for the prior two months were revised sharply higher, pointing to strength in the sector. The Commerce Department said on Thursday that construction spending increased 0.5 percent in October to $1.173 trillion,...

  • SYDNEY, Nov 30- Australia is watching a much-needed boom in home building turn to rubble after approvals for new projects collapsed in October, a violent turnaround that could undermine policymakers' hopes for solid economic growth next year. Shock figures from the Australian Bureau of Statistics on Wednesday showed approvals to build new homes sank 12.6...

  • SAO PAULO, Nov 29- A widely followed indicator of homebuilding activity in Brazil remained at a 12- year low in September, reflecting the burden of a prolonged recession, low credit availability and eroding confidence among potential homebuyers. Updated monthly, the Abrainc-Fipe index shows the state of Brazil's housing market on a scale of 0 to 10, with 10...

  • OTTAWA, Nov 28- Canada's rental vacancy rate edged up in 2016 as the supply of apartments increased, but rental housing was harder to find in Vancouver and Toronto, where a long housing boom has driven real estate investment and a condo building boom. Several cities bucked the trend, however, with the market tightening in Vancouver and Toronto, where the vacancy...

  • LIMA, Nov 25- Peru's President Pedro Pablo Kuczynski said on Friday that he expects to find a company in early January to replace Brazilian engineering conglomerate Odebrecht SA as the builder and operator of a proposed $5 billion natural gas pipeline. Odebrecht is at the center of the biggest-ever graft scandal in neighboring Brazil and its pipeline...

  • WELLINGTON, Nov 25- New Zealand is looking offshore for hundreds of workers to rebuild roads, railways and buildings after this month's earthquake amid a shortage of local workers in an overstretched construction industry. But while importing more workers from countries including South Africa and the Philippines may fill the gap, there are some concerns...

  • LONDON, Nov 24- In 2011, early in his time as finance minister, George Osborne said he would revive British manufacturing as he promised "a march of the makers" to rebalance the economy. This week, Osborne's successor Philip Hammond staked out his own priority: turning around Britain's long-standing productivity problem to meet the challenges of leaving the...

  • SAO PAULO, Nov 24- Brazilian homebuilder Gafisa SA aims to raise up to 660 million reais with an initial public offering of Construtora Tenda SA, a builder of low-cost homes, the first IPO by a Brazilian construction company in seven years. Listing Tenda on the São Paulo Stock Exchange would allow investors to take advantage of a three-year turnaround that has...

  • A ship building yard in Singapore.

    One-time spice capital Malacca is pumping nearly $3B into a plan to put itself in demand in a different hot commodity - oil.

  • LIMA, Nov 23- Sempra Energy said on Wednesday that it ended talks for buying control of Brazilian engineering company Odebrecht's pipeline project in Peru without a deal as Techint Group remained in negotiations for acquiring a minority stake. Sempra said the government of Peruvian President Pedro Pablo Kuczynski had refused to offer guarantees that it...

  • WASHINGTON, Nov 23- New U.S. single-family home sales unexpectedly fell in October, but this is likely a temporary setback for the new housing market against the backdrop of a strong labor market. The Commerce Department said on Wednesday new home sales declined 1.9 percent to a seasonally adjusted annual rate of 563,000 units last month. According to data from...

  • WASHINGTON, Nov 22- U.S. home resales rose in October to their highest level in more than 9-1/ 2 years as homebuyers, buoyed by an improving labor market, took advantage of still-low mortgage rates to snatch up properties after many were shut out during the busy summer selling season. "You have to be pretty confident to buy a house," said Chris Rupkey, chief economist at...

  • NEW YORK, Nov 22- Lower leasing costs, more efficient office space and the hope of projecting an image more appealing to millennials are leading hedge funds and large corporations to leave Manhattan's most-coveted business district for a rejuvenated Downtown and the trendy far West Side. The construction of gigantic new office buildings that allow tenants...

  • HANOI, Nov 22- Vietnam's National Assembly voted on Tuesday to scrap plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, after officials cited lower demand forecasts, rising costs and safety concerns. In November 2009 Vietnam approved plans for the two plants and awarded construction to Russia's Rosatom and a consortium of...