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Capital Goods Construction and Engineering

  • Saudi officials have said the complex at Ras Al Khair will cost more than $5 billion to build. The development of Ras Al Khair could eventually take business away from other maritime yards in the region, such as Dubai's Jebel Ali. Last year, Saudi Aramco signed a memorandum of understanding for construction of the complex with National Shipping Co of Saudi Arabia,...

  • Groundbreaking on new homes climbed to seasonally adjusted annual pace of 210,207 units from an upwardly revised 208,934 in January as robust activity in Ontario offset cooling in British Columbia, data from the Canada Mortgage and Housing Corp showed. "Prices are telling builders to build, and that's exactly what they're doing," CIBC Capital Markets...

  • NEW DELHI, March 8- A deal to build six Westinghouse nuclear reactors in India is still alive, but to be viable must be ring-fenced from a financial crisis at the U.S. reactor maker and its Japanese parent Toshiba Corp, people with direct knowledge of the matter told Reuters. It would not carry out civil engineering work to build the entire project- an approach that...

  • This photo taken on February 9, 2017 shows labourers working on a construction site of the Hong Kong Boundary Crossing Facilities (HBBCF) of the Hong Kong-Zhuhai-Macau Bridge, in Hong Kong.

    Hong Kong is the costliest Asian city to get anything built due to its severe shortage of construction labor, the SCMP reports.

  • March 3- The Keystone XL oil pipeline does not need to be made from U.S. steel, despite an executive order by President Donald Trump days after he took office requiring domestic steel in new pipelines, the White House said on Friday. "It's specific to new pipelines or those that are being repaired," White House spokeswoman Sarah Sanders told reporters on Air Force One,...

  • Homex agreed to the settlement, which must still win court approval, without admitting or denying the charges, the SEC said. Shares of Homex have been suspended until March 17, the SEC said separately, citing "a lack of adequate and accurate information" in the company's annual reports. Mexico's National Bank and Securities Commission said it worked with the SEC...

  • Homex agreed to the settlement, which must still win court approval, without admitting or denying the charges, the SEC said. "The company will abide by the SEC resolution and continue to collaborate with the Commission and will provide any information requested by the authority relating to third parties," Homex said in a statement. Shares of Homex have been...

  • Homex agreed to the settlement, which must still win court approval, without admitting or denying the charges, the SEC said. Shares of Homex have been suspended until March 17, the SEC said separately, citing "a lack of adequate and accurate information" in the company's annual reports. The settlement follows the SEC probe announced last year against Homex, which...

  • WASHINGTON, March 3- Mexico- based homebuilder Desarrolladora Homex SAB de CV has agreed to settle charges it reported fake sales to boost revenues in what U.S. authorities said on Friday was a $3.3 billion accounting fraud.

  • *UK construction growth improves, driven by civil engineering. LONDON, March 2- Growth across Britain's construction industry picked up slightly in February, driven by the civil engineering sector, though a slowdown in new orders and soaring costs added to mixed signals for the economy, a survey showed on Thursday. Adding to the uncertain outlook, Travis Perkins,...

  • LONDON, March 2- Sterling slipped to a six-week low against the dollar on Thursday after data painted a mixed picture of Britain's economic outlook, with the construction industry picking up slightly in February but new orders slowing. Uncertainty over the prospects for Britain's economy as it breaks away from its main trading partner has wiped off almost a...

  • WASHINGTON, March 1- President Donald Trumps promise to use existing funds to begin immediate construction of a wall on the U.S.- Mexico border has hit a financial roadblock, according to a document seen by Reuters. This means that for the wall to move forward, the White House will need to convince Congress to appropriate funds. Trump has said he will ask Congress...

  • MILAN, March 1- European shares climbed to 15- month highs on Wednesday, with banks and construction stocks leading the rally on renewed optimism over a huge economic stimulus in the United States. President Donald Trump pledged $1 trillion of infrastructure spending in a speech to Congress on Tuesday, while policymakers stoked speculation of a rate hike in...

  • *Shares rise as much as 11.4 pct to $82.85. March 1- Lowe's Cos Inc forecast 2017 sales that topped estimates and reported better-than-expected quarterly comparable sales and profit, helped by a robust housing market that encouraged Americans to spruce up their homes or buy new ones. Shares of the No. 2 U.S. home improvement retailer rose as much as 11.4 percent to...

  • *Adj. profit 86 cents/ shr vs. est. *Shares rise 9.1 pct to $81.15 premarket. March 1- Lowe's Cos Inc forecast 2017 sales ahead of analysts' estimates and reported better-than-expected quarterly comparable-store sales as trends in the housing market encouraged Americans to spruce up their homes or buy new ones.

  • Feb 28- South Korea's LG Electronics Inc said it would spend $250 million to build a new factory in the United States, in a move that comes amid criticism from U.S. The U.S. administration has threatened an import tax, and Trump has attacked some of the world's biggest companies, triggering many to make promises to invest more in the United States.

  • DUESSELDORF, Germany, Feb 28- German builder Hochtief is keen for more work in the United States, including any possible contract to build a wall on the U.S. border with Mexico, Chief Executive Marcelino Fernandez Verdes said. But we are open for all contracts in the United States, "he told journalists on Tuesday when asked if Hochtief would be interested in building...

  • *Some developers delay new home sales. HONG KONG, Feb 27- Some Chinese developers are playing a game of cat-and-mouse with local governments by delaying the launch of new home sales in the hope of riding out tightening measures in the property market that have dampened prices in some major cities. Prices in Beijing, Hangzhou and Chengdu were flat and Guangzhou was...

  • SAO PAULO, Feb 24- Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd is in talks with Brazilian engineering firm OAS SA to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday. The venture would be the first major step in OAS's efforts to rebuild itself almost three...

  • WASHINGTON, Feb 24- New U.S. single-family home sales rose less than expected in January, likely held back by heavy rains and flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. Consumers are confident and are buying homes, but builders are not getting their share of that demand, "said Joel...