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Capital Goods Construction and Engineering

  • 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...

  • Trump's jobs plan could lift some industries

    Conservative economists say certain industries could see real jobs creation, but it's not good news for all.

  • PARIS, Nov 18- French car parts maker Plastic Omnium has received a binding offer from German group Mutares for its heavy duty truck business, the companies said on Friday. The business, which entails designing and manufacturing the body and structural parts for the heavy duty truck industry, employs more than 1,500 people and had 2015 sales of 190 million euros.

  • Construction on new houses jumped by more than 25-percent in October.

  • WASHINGTON, Nov 17- U.S. housing starts surged to a more than nine-year high in October as builders ramped up construction of both single and multifamily homes, offering hope that housing will contribute to economic growth in the fourth quarter. Groundbreaking jumped 25.5 percent to a seasonally adjusted annual pace of 1.32 million units, the highest level...

  • President-elect Donald Trump and the UK government to increase spending on infrastructure. "There is a strong intent by the governments, be it the new administration of president-elect Trump or be it here in the UK to continue to be steadfast or even significantly increase investment into infrastructure... that plays very much into our strengths," Atkins' Chief...

  • SAO PAULO, Nov 16- Brazil's housing starts declined sharply in September as the country's recession continued to hurt demand for real estate, an industry research group said on Wednesday. The widely followed Abrainc-Fipe index showed a 25 percent slump in the launch of new home construction projects in September from the same month a year ago.

  • SAO PAULO, Nov 16- Brazil's antitrust agency Cade on Thursday said it had reached a leniency accord with construction company Andrade Gutierrez Engenharia SA related to allegedly forming a cartel to build a massive hydroelectric dam in the Amazon rainforest. The accord, which could reduce any penalties in return for the company's cooperation, is one of...