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  • LONDON, July 4- Britain's construction industry suffered its worst contraction in seven years in June as concern grew about a referendum on European Union membership, according to a survey that was mostly conducted before Britain voted on June 23 to quit the EU. "This is an absolutely dire survey that fuels serious concern over the construction sector... can only...

  • Britain's construction industry suffered its worst contraction in seven years ahead of the Brexit vote, according to a survey.

  • LONDON, July 4- Britain's pound fell against the dollar on Monday after shockingly poor data showed Britain's construction sector PMI survey suffered its worst contraction in seven years in the run up to the vote to leave the European Union. The purchasing managers' survey will add to expectations, stoked by Governor Mark Carney last week, that the Bank of...

  • *ISM manufacturing index rises to 53.2 in June. *New orders, export and employment indexes rise. WASHINGTON, July 1- U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. economic growth was regaining its footing after weakness early this year.

  • WASHINGTON, July 1- U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. economic growth was regaining its footing after weakness early this year. "Net-net it is a certainly a bit of a mixed picture, a mixed bag, but I think in terms of direction, what is...

  • WASHINGTON, July 1- U.S. factory activity expanded at a healthy pace in June as new orders, output and exports rose, new industry data showed on Friday, providing another sign that U.S. manufacturing was regaining its footing after weakness early this year. But construction spending data for May fell for a second straight month after a steep drop in April,...

  • WASHINGTON, July 1- U.S. construction spending fell for a second straight month in May after the biggest drop in more than five years in April, which could prompt economists to lower their second-quarter growth estimates. Construction spending was down 0.8 percent after a downwardly revised 2.0 percent drop in April, the Commerce Department said on Friday.

  • TOKYO, June 30- Japan's industrial output fell in May at the fastest rate in three months, highlighting concerns about falling exports and doubts about weak consumer spending. Output fell in May due to declines in the production of chemicals, cosmetics, construction equipment and semiconductors, data from the Ministry of Economy, Trade and Industry showed.

  • BEIJING, June 30- China's economy rebounded in the second quarter, with capital expenditures recovering from 5- year lows, a private survey showed on Thursday, as higher government spending helped boost the property and construction sectors. Economists have questioned China's official statistics for years and increasingly turn to private surveys such as...

  • MEXICO CITY, June 27- Carlos Slim's construction arm has teamed up with three local builders to bid for two runways for Mexico City's new airport worth a combined $1.56 billion, sources say, seeking to snap up major infrastructure projects that survived government cuts. Carso Infraestructura y Construccion, which is part of Slim's Grupo Carso, has agreed to form...

  • *Landmark contracts in Turkey, Hungary under threat. PARIS/ MOSCOW, June 26- The $100 billion overseas order book of Russia's nuclear power plant builder Rosatom-- bigger than all its Western competitors combined-- makes it look like the giant in its field. Deal after deal has collapsed in Europe, where individual countries and the European Union as a whole consider...

  • PARIS, June 24- French EDF's main labour union said on Friday that the utility should delay the final investment decision on its 18 billion pound project to build a nuclear plant in Hinkley Point in southern England after Britons voted to quit the European Union. The project is one of the largest French investment projects in Britain and a final investment...

  • KHOBAR, Saudi Arabia, June 23- Embattled Saudi Arabian builder Mohammad Al Mojil Group will continue operating despite the resignation of its board after three people involved with the company were found guilty of fraud, its acting CEO said on Thursday. But CEO Nauman Sohail said the business outlook for the company is improving and the board resignations do...

  • WASHINGTON, June 23- The number of Americans filing for unemployment benefits fell last week to near a 43- year low, suggesting labor market resilience even though hiring slowed sharply in May. "Overall labor market conditions are not as bad as one might assume based on May's nonfarm payroll print alone," said Jim Baird, chief investment officer at Plante Moran...

  • WASHINGTON, June 23- New U.S. single-family home sales fell in May from a more than eight-year high amid weakness in three regions, but the overall housing market remains intact. The Commerce Department said on Thursday new home sales dropped 6.0 percent to a seasonally adjusted annual rate of 551,000 units. April's sales pace was revised down to 586,000 units,...

  • WASHINGTON, June 22- U.S. home resales rose in May to a more than nine-year high amid low mortgage rates, pointing to sustained housing market strength that should keep the economy on solid ground. "The housing market recovery is truly back on track..., which should reinforce confidence that the economic recovery is moving in the right direction," said Millan Mulraine,...

  • The National Association of Realtors said on Wednesday existing home sales increased 1.8 percent to an annual rate of 5.53 million units last month, the highest level since February 2007. "The economy can't be going too far off course when home buying is picking up," said Chris Rupkey, chief economist at MUFG Union Bank in New York. U.S. financial markets were little...

  • NEW YORK, June 22- Market volatility heading into Thursday's British vote on whether to remain in the European Union is creating opportunities to buy homebuilders, banks and consumer companies linked to the domestic economy in Britain, contrarian fund managers from several well-known firms say. The FTSE 250 index, made up of companies on the London Stock...

  • The Florida- based builder said number of homes sold rose about 12 percent to 6,724 homes, while average sales price increased 4 percent to $363,000. The net income attributable to Lennar shareholders rose to $218.5 million, or 95 cents per share, from $183 million, or 79 cents per share, a year earlier. Analysts on average had expected the company to earn 86 cents per...

  • June 21- Lennar Corp, the second biggest U.S. homebuilder, reported a 19.4 percent rise in quarterly profit as it sold more homes at higher prices. The net income attributable to Lennar shareholders rose to $218.5 million, or 95 cents per share, in the second quarter ended May 31 from $183 million, or 79 cents per share, a year earlier. Revenue rose 14.8 percent to $2.75...