×

Capital Goods Construction and Engineering

  • *China Jan-Sept property investment +5.8 pct y/y. BEIJING, Oct 19- September's investment in Chinese real estate showed its strongest growth since May as booming construction, sales and prices contributed handsomely to third quarter economic expansion of 6.7 percent- offsetting stubbornly weak exports. Property investment rose 7.8 percent in September...

  • *China's economy stabilising on gov't spending, housing boom. BEIJING, Oct 19- China's economy expanded at a steady 6.7 percent in the third quarter and looks set to hit Beijing's full-year target, fueled by stronger government spending, record bank lending and a red-hot property market that are adding to its growing pile of debt. "So far this year they have clearly...

  • LONDON, Oct 18- Britain will make a decision on airport expansion next week, a spokeswoman for Prime Minister Theresa May said on Tuesday, after her top team of ministers held a discussion over the long-delayed ruling. It will either support plans for a new runway west of London at Heathrow, the busiest airport in both Britain and Europe, or at Gatwick to the south.

  • SAO PAULO, Oct 18- Home sales, launches and deliveries in Brazil rose in August for the first time in 13 months, an early sign that the effects of a harsh recession, a credit crunch and weak confidence among potential homebuyers are beginning to wane. An index grouping Brazil's construction and real estate companies trading in the São Paulo Stock Exchange has...

  • DUBAI, Oct 16- Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank in a deal that could raise about $1 billion for the embattled construction giant, sources aware of the matter told Reuters. A small number of potential buyers from Saudi Arabia and the wider Middle East have started negotiations, five sources said on condition...

  • LONDON, Oct 13- British house prices rose for a second month in September and enquiries from buyers picked up for the first time since February, suggesting the housing market has weathered the initial shock of the Brexit vote, a survey showed. But prices in London fell again due to uncertainty about what the decision to leave the European Union means for the...

  • Find somebody who's been building things in their garage: Steve Wozniak

    Apple co-founder Steve Wozniak describes the right ingredients for a tech start-up and says the best engineers have the right aptitude, not the best grades.

  • SEOUL, Oct 10- South Korea's Doosan Bobcat Inc on Monday cancelled plans for an up to 2.45 trillion won initial public offering after the valuation fell short of its targets, and is expected to relaunch a smaller IPO within days. The construction equipment maker would submit a new IPO plan with a view to listing as soon as next month, a spokesman for parent company...

  • SANTIAGO, Oct 7- Chile's real estate market is set for solid long-term growth as strong fundamentals among its main construction companies will outweigh a severe, short-term slump, the CEO of major homebuilder Paz Corp said in an interview. Approved new construction in terms of area fell more than 50 percent in annual terms in July, and home sales in Santiago fell...

  • *New ITER chief estimates total cost at 18 billion euros. CADARACHE, France, Oct 6- Construction of an experimental nuclear fusion reactor in southern France is in full swing as the cost estimate has ballooned to nearly four times the original estimate, but the ITER project's new head says new forecasts are realistic. The seven partners in the International...

  • LONDON, Oct 6- London's Heathrow airport could build a third runway without breaking European pollution laws, according to research published before a British government decision on airport expansion, the BBC reported on Thursday. In a potential boost to Heathrow, research from the University of Cambridge showed that any increased levels of poisonous...

  • WASHINGTON, Oct 3- U.S. construction spending fell in August for the second straight month to its lowest level in eight months, an unexpected drop driven by weakness across public and private sectors. The Commerce Department said on Monday construction spending dropped 0.7 percent in August to a seasonally adjusted annual rate of $1.142 trillion, the lowest...

  • The kingdom issued a hefty payment owed to a construction firm so the company could honor unpaid wages.

  • Several other countries including Germany announced plans to exit nuclear, and in the past three years several nuclear reactors in the United States were closed as they could no longer compete with cheap shale gas. Five years later, only three of Japan's 42 reactors are back in operation but new reactors brought online in China and other countries have partly...

  • *Japan nuclear industry hobbled by shutdowns after Fukushima. TOKYO, Sept 29- Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, people with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Only three of Japan's 42 reactors...

  • LONDON/ PARIS, Sept 28- The British government and France's EDF will officially sign a contract to build Britain's first new nuclear power plant in a generation on Thursday, after months of wrangling over the involvement of EDF's Chinese partner, sources said. The delay strained Britain's ties with China just as it is trying to reach out to non-European trading...

  • WASHINGTON, Sept 26- New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month.

  • WASHINGTON, Sept 26- New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month.

  • WASHINGTON, Sept 26- New U.S. single-family home sales fell less than expected in August, though prices fell and inventories rose. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month. That level of annualized sales is the highest since October 2007.

  • Engineering firms are concerned that the U.K.’s decision to leave the EU will result in a skills gap in the sector, a new survey reveals.