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Capital Goods Construction and Engineering

  • WASHINGTON, Feb 16- U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. Housing starts fell 2.6 percent to a seasonally adjusted annual rate of 1.25 million units last month, the...

  • WASHINGTON— U.S. builders broke ground on fewer homes last month, led by a drop in apartment construction. The number of new housing starts declined 2.6 percent in January to a seasonally adjusted annual rate of 1.25 million, the Commerce Department said Thursday. The drop came after a much larger gain the previous month.

  • U.S. homebuilders are feeling a bit less confident this month, reflecting a dimmer outlook for sales in the months ahead and fewer would-be buyers dropping by builders' sales offices. The surprising decline comes ahead of the spring home-buying season, which is traditionally builders' busiest time of the year and helps set the pace for home construction.

  • *Raises questions over UK Moorside project. LONDON, Feb 14- The future of Britain's new Moorside nuclear plant was thrown into doubt on Tuesday after Japan's Toshiba Corp, which is developing the project with France's Engie, said it planned to pull out of the construction work. "It's a pretty challenging time and it's difficult anyway to work out how to make nuclear...

  • DUBAI, Feb 14- Dubai- based building company Drake& Scull announced a turnaround and capital restructuring plan on Tuesday as it reported another quarterly loss, the latest sign of how a slowdown in the Gulf's construction industry is hurting contractors. As part of its capital restructuring plan, DSI said it was considering proposing a rights issue of 500...

  • DAR ES SALAAM, Feb 9- Tanzanian President John Magufuli has told officials to investigate an airport terminal construction project in the commercial capital Dar es Salaam, saying the cost was inflated. The Terminal Three project at Julius Nyerere International Airport is being built by Dutch contractor BAM Group for 560 billion shillings.

  • DUBAI, Feb 9- Creditors have agreed in principle to Saudi Binladin Group's request for a two-year extension on a 10 billion riyal Islamic credit facility used to pay for delayed building work at the Grand Mosque in Mecca, sources said. SBG, which due to historically close ties to the government has emerged as one of the heavyweights of the kingdom's construction...

  • *France's Vinci gains on 2017 forecasts. LONDON, Feb 8- European shares edged higher on Wednesday led by mining and construction stocks on a heavy day for company results. The pan-European STOXX 600 index was up 0.2 percent, but national indexes were mixed, with Italy, Spain and Britain in negative territory while France's blue-chip index outperformed.

  • Logos of ABB AG sit on display outside the company's semi-conductor plant in Lenzburg, Switzerland.

    ABB reported an end to its almost two-year decline in order intake by posting a small increase in new business.

  • BUENOS AIRES, Feb 7- A federal judge in Argentina will request information from Brazil and Switzerland to determine if President Mauricio Macri's spy chief received bribe money from a builder in 2013, state-run news agency Telam reported on Tuesday. Prosecutors publicly announced two weeks ago that they are investigating whether National Intelligence...

  • SAO PAULO, Feb 6- Brazil's government said on Monday it was raising income limits for a subsidized mortgage program in an effort to spur the country's struggling construction industry and spark a long-awaited recovery from the worst economic recession on record. Brazil aims to finance 610,000 new homes with the mortgage program this year, which stalled last...

  • *Toshiba withdraw from lead role in India negotiations- sources. LONDON/ TOKYO, Feb 3- Toshiba Corp plans to withdraw from its lead role in projects to build nuclear plants in Britain and India, sources with direct knowledge of the matter said, marking a retreat as it wrestles with an imminent multi-billion dollar writedown. But it would throw into question the...

  • SAO PAULO, Feb 2- Brazil's government is expected to dedicate 500 million reais of a national workers' severance fund to finance purchases of more expensive homes, a move designed to help homebuilders lower inventory, the head of an industry group said on Thursday. Under the plan, the government will raise the price threshold of homes eligible for FGTS financing...

  • SAO PAULO, Feb 2- Brazil's government plans to dedicate an additional 500 million reais of the FGTS workers' severance fund to home financing and raise the price threshold of eligible homes nearly 60 percent to as much as 1.5 million reais, José Carlos Martins, president of construction industry group CBIC, said on Thursday. Martins said the government also...

  • KHOBAR, Saudi Arabia, Feb 2- State oil giant Saudi Aramco is considering expanding its oil and gas production from the Berri offshore oilfield, industry sources told Reuters. Aramco has invited companies to bid for several packages of front-end engineering and design work on the project, which one source estimated could cost $6 billion. Last month, Aramco chief...

  • LONDON, Feb 2- Britain's construction industry grew last month at the weakest rate since August against a backdrop of rocketing costs linked to the Brexit vote, but builders were more upbeat about the year ahead, an industry survey showed on Thursday. The index also showed the sharpest rise in costs since August 2008, as sterling's slide since the referendum...

  • MEXICO CITY, Jan 30- Brazilian construction firm Odebrecht, under investigation for paying hundreds of millions in bribes across Latin America, withdrew its bid to build a bridge over the Panama canal, the president of the Central American nation said on Monday. Last week, Panama prosecutors said they had charged 17 people, including several businessmen and...

  • LIMA, Jan 27- Grana y Montero, Peru's biggest construction conglomerate, reported a fourth-quarter net loss of 130 million soles on Friday, citing corruption concerns about its partner that derailed a major project. Peru terminated the contract this week over a missed financing deadline amid a graft scandal involving Odebrecht S.A., capping months of...

  • BRASILIA, Jan 27- Brazil is studying private operation of the long-delayed Sao Francisco river transfer that will bring water to four states in the drought-stricken North East of the country when it is completed this year, a government official said on Friday. President Michel Temer will visit the project on Monday to open the third of six pumping stations on...

  • *New single-family home sales fall 10.4 percent in December. WASHINGTON, Jan 26- New U.S. single-family home sales fell to a 10- month low in December after three straight months of solid gains, but the housing market recovery remains intact as a tightening labor market boosts wage growth. The Commerce Department said new home sales dropped 10.4 percent to a...