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Capital Goods Construction and Engineering

  • *Canadian dollar ends at C $1.3227, or 75.60 U.S. cents. TORONTO, Jan 10- The Canadian dollar ended a touch stronger against its U.S. counterpart on Tuesday as a jump in housing starts offset a drop in oil prices and caution as hearings for U.S. The Canadian dollar settled at C $1.3227 to the greenback, or 75.60 U.S. cents, barely stronger than Monday's close of C $1.3230, or...

  • OTTAWA, Jan 10- Canadian housing starts rose more sharply than expected in December and November building permits were also firmer than anticipated, separate reports showed on Tuesday, suggesting Canada's long housing boom may not be over. Housing starts surged 10.6 percent in the final month of the year, well past already rosy expectations, as builders broke...

  • *Canadian dollar at C $1.3216, or 75.67 U.S. cents. TORONTO, Jan 10- The Canadian dollar edged higher against its U.S. counterpart on Tuesday as oil rose and stronger-than-expected domestic housing starts suggested the country's long housing boom may not yet be over. At 9:17 a.m. ET, the Canadian dollar was trading at C $1.3216 to the greenback, or 75.67 U.S. cents,...

  • The government is due to get commitments from banks over the next two weeks for a $3 billion loan to back the $35 billion airport project, while the exhibition center is estimated to require total financing of around $7 billion, they said. The $3 billion loan for the airport expansion is split between a $2 billion conventional tranche and a $1 billion- equivalent,...

  • MEXICO CITY, Jan 6- A consortium including a construction company controlled by billionaire Carlos Slim has clinched the terminal project at Mexico City's new $13 billion airport, Mexican officials said on Friday. The construction arm of Slim's Grupo Carso and his majority-owned FCC submitted a bid of 84.8 billion Mexican pesos for the project, which is due to...

  • Jan 5- U.S. retail mall vacancies in the fourth quarter were flat from the third at 7.8 percent, indicating that the retail real estate market is finally showing signs of a correction, real estate research firm Reis Inc said in a report. Asking and effective rents rose in the most recent quarter, while rent growth rate was largely unchanged from the third at 0.4...

  • PARIS, Jan 4- French road builder Colas is eyeing higher sales this year as it could benefit from plans for more infrastructure spending in the United States, and in France ahead of local elections, its chief executive said on Wednesday. "There is good news: the U.S. and Canadian infrastructure spending plans and prospects of local elections in France in three years...

  • WASHINGTON, Jan 3- U.S. construction spending rose more than expected in November, reaching its highest level in 10-1/ 2 years, which could provide a lift to fourth-quarter economic growth. The Commerce Department said on Tuesday that construction spending increased 0.9 percent to $1.18 trillion, the highest level since April 2006. Spending on private...

  • FRANKFURT, Dec 29- Berlin's long-delayed new airport is unlikely to open as planned next year, the chief executive told a German newspaper on Thursday, following a report that said completion of the project had been pushed back to 2018.. Despite Germany's reputation for engineering and organisational prowess, red tape and technical problems have repeatedly...

  • Dec 28- Toshiba Corp's claim that it is owed $2.15 billion by Chicago Bridge& Iron Co NV hinges on how an independent auditor will calculate the net working capital of a U.S. nuclear power plant construction business that CB&I sold to Toshiba's Westinghouse unit last year. How much CB&I stands to be paid by Toshiba, or owes to Toshiba, depends on how they calculate...

  • *Follows $1.3 bln accounts scandal, $2 bln charge for nuclear biz. TOKYO/ NEW YORK, Dec 27- Toshiba Corp said it may have to book several billion dollars in charges related to a U.S. nuclear power plant construction company acquisition, sending its stock tumbling 12 percent and rekindling concerns about its accounting acumen. Toshiba's latest writedown would be...

  • MILAN/ SEOUL, Dec 27- Italian shipbuilding and construction group Fincantieri SpA is the only bidder for shipping group STX France, a source close to the matter said on Tuesday. The sale of STX France, which specializes in building cruise ships in the western France city of Saint-Nazaire and is profitable, forms part of the broader sale of businesses from the...

  • MADRID, Dec 27- According to a Spanish proverb, it is a bad idea to start building a house from the roof. Faced with a lack of available land in big cities such as Madrid and Barcelona, construction firm La Casa por el Tejado is building new apartments on rooftops-- a sign that Spanish property is bouncing back eight years after a brutal crash. "In Spain, we have identified...

  • MADRID, Dec 27- According to a Spanish proverb, it is a bad idea to start building a house from the roof. Faced with a lack of available land in big cities such as Madrid and Barcelona, construction firm La Casa por el Tejado is building new apartments on rooftops-- a sign that Spanish property is bouncing back eight years after a brutal crash. "In Spain, we have identified...

  • *Follows $1.3 bln accounting scandal last year. TOKYO, Dec 27- Toshiba Corp said on Tuesday it was considering booking a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition made by its Westinghouse division, sending its stock plunging 10 percent. After the deal was completed, CB&I sued Westinghouse over how working...

  • WASHINGTON, Dec 23- New U.S. single-family home sales rose more than forecast to a four-month high in November, likely as expectations of higher mortgage rates drew buyers into the market. The Commerce Department said new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month. Separately, the University of Michigan...

  • WASHINGTON, Dec 23- New U.S. single-family home sales rose more than expected in November, reaching their highest level in four months, likely as expectations of higher mortgage rates drew buyers into the market. The Commerce Department said on Friday new home sales increased 5.2 percent to a seasonally adjusted annual rate of 592,000 units last month.

  • *Financial firms may shrink in London post-Brexit. Dec 22- High up in western Europe's tallest skyscraper, an office layout shows how the power balance in London's property market is shifting in favour of booming tech companies and away from finance firms which may shrink in London after the Brexit vote. Jellyfish's offices are one sign of how fast-growing tech...

  • *Penalty latest fallout from Brazil's "Operation Car Wash". NEW YORK, Dec 21- Brazil- based construction colossus Odebrecht SA and affiliated petrochemical company Braskem SA agreed on Wednesday to pay at least $3.5 billion, the largest penalty ever in a foreign bribery case, to resolve international charges involving payoffs to Brazil's state oil company and...

  • TORONTO, Dec 21- Canada's main stock index edged higher on Wednesday for the fifth consecutive session, helped by industrial stocks such as construction company SNC-Lavalin, which jumped after winning an oil sands service contract. It said a subsidiary was part of a joint venture that won a five-year deal to supply engineering and procurement services to an...