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Capital Goods Construction and Engineering

  • LONDON, July 7- Britain's economy has struggled to gain momentum after a slow start to 2017, according to data published on Friday which raised questions about the chances of the Bank of England raising interest rates this year. Output by British factories and the construction sector unexpectedly shrank in May, on top of weak spending by consumers who are...

  • TOKYO, July 6- Japanese stocks dropped to three-week lows on Thursday as ongoing tensions around North Korea continued to sap risk appetite, while the retail sector underperformed on dismal earnings from convenience stores. For the overall market, shares were on the defensive on continued tensions in the Korean peninsula after North Korea fired a missile...

  • TOKYO, July 6- Japanese stocks edged down on Thursday morning as ongoing tensions around North Korea continued to sap risk appetite, while the retail sector underperformed on dismal earnings from convenience stores. For the overall market, shares were on the defensive on continued tensions in the Korean peninsula after North Korea fired a missile into...

  • LONDON, July 5- European shares fell in early deals on Wednesday, dragged lower by healthcare and utilities stocks, though upbeat results from a British housebuilder and support from mining firms helped limit losses. British housebuilder Persimmon was the biggest STOXX gainer, jumping around 3.4 percent following an upbeat trading statement, in which it...

  • LONDON, July 4- Sterling extended losses for a second consecutive day on Tuesday after a survey of Britain's construction sector showed growth cooling in June, adding to signs that the economy might be struggling to gain momentum after a slow start to the year. The pound, which at the start of the week was trading less than half a cent away from nine-month highs on...

  • LONDON, July 4- Sterling edged down on Tuesday after a survey of Britain's construction sector showed growth cooling in June, adding to signs that the economy might be struggling to gain momentum after a slow start to the year. The pound, which at the start of the week was trading less than half a cent away from nine-month highs on bets the Bank of England could raise...

  • LONDON, July 4- Sterling steadied on Tuesday, as traders eyed a survey of Britain's construction sector for clues on whether the economy is heading for a summer slowdown, which could lead investors to question their bets on an interest rate rise by year-end. One of the Bank of England's interest rate-setters, Gertjan Vlieghe, said late on Monday he favoured...

  • LONDON, July 4- Sterling steadied on Tuesday, as traders eyed a survey of Britain's construction sector for clues on whether the economy is heading for a summer slowdown, which could lead investors to question their bets on an interest rate rise by year-end. One of the Bank of England's interest rate-setters, Gertjan Vlieghe, said late on Monday he favored keeping...

  • *France calls on EDF to keep a lid on overruns. PARIS, July 3- French state-owned utility EDF flagged a construction cost overrun at its Hinkley Point C nuclear power station in Britain on Monday, in a new blow for a group of EDF projects already facing delays, rising costs and other problems. "The UK government negotiated a competitive deal which protects consumers...

  • WASHINGTON, July 3- U.S. factory activity rose sharply in June to its highest level in almost three years suggesting economic growth in the second quarter gained some steam, while construction spending held steady in May. The Institute for Supply Management said on Monday its index of national factory activity rose to a reading of 57.8 last month, its best...

  • WASHINGTON, July 3- U.S. factory activity jumped in June suggesting economic growth in the second quarter gained some steam, while construction spending held steady in May. The Institute for Supply Management said on Monday its index of national factory activity rose to a reading of 57.8 last month from 54.9 in May. A reading above 50 in the ISM index indicates an...

  • PARIS, July 3- French state-owned utility EDF flagged a construction cost overrun at its Hinkley Point C nuclear power station in Britain on Monday, in a new blow for a group of EDF projects already facing delays, rising costs and other problems. The latest update should have no impact on power supply in Britain, nor should it affect Britain's electricity costs...

  • Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar. "Qatar is a valuable market for us and we...

  • Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar. "Qatar is a valuable market for us and we...

  • Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar. "Qatar is a valuable market for us and we...

  • Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar. "Qatar is a valuable market for us and we...

  • TOKYO, June 30- Japan's industrial output fell 3.3 percent in May from the previous month due to lower production of cars and construction equipment, preliminary government data showed on Friday, in a sign of a temporary lull in manufacturing activity. The result compared with the median estimate of a 3.2 percent decline in a Reuters poll of economists.

  • NEW YORK, June 29- Asking rents for office space in downtown New York hit a record high in May as construction of a new tower at the World Trade Center and the migration of firms to a revitalized Lower Manhattan helped lift rental rates, brokerage CBRE Group Inc said on Thursday. The average rent landlords are seeking in downtown climbed to $62 a square foot last...

  • Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar. "Qatar is a valuable market for us and we...

  • Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar. "Qatar is a valuable market for us and we...