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Capital Goods Construction and Engineering

  • HONG KONG, June 16- China Vanke, the country's No.2 homebuilder by sales, is in talks to join a Chinese consortium led by Hopu Investment Management and Hillhouse Capital Group to bid for Global Logistic Properties, three sources said. Shenzhen- based Vanke has been in discussions with the Hopu-Hillhouse consortium for a couple of weeks, said one source, adding...

  • *South Korea plans shift towards renewables, natural gas. SEOUL, June 16- South Korea's oldest nuclear reactor, the 40- year-old Kori No. 1, will halt operations at midnight on Sunday, becoming the country's first nuclear plant to close permanently amid plans for a shift towards natural gas and renewables. South Korea is the world's fifth-biggest consumer of...

  • ANKARA, June 15- Russia's State Atomic Energy Corporation won approval from Turkey's energy watchdog on Thursday to go ahead with building its $20 billion Akkuyu nuclear power plant in southern Turkey. Rosatom has sold several nuclear reactors to developing countries under a model by which Russia finances, builds and operates the nuclear plant and sells...

  • *New UK chief needs to keep nuclear plans on track. Simone Rossi, 47, will take up the post of chief executive at EDF Energy in November, succeeding Vincent de Rivaz, who is retiring after 15 years as CEO of the unit. Rossi's role will include keeping the project on track, when similar Areva-designed European Pressurized Reactor projects in France, Finland and China...

  • SHANGHAI, June 14- China is betting on new, small-scale nuclear reactor designs that could be used in isolated regions, on ships and even aircraft as part of an ambitious plan to wrest control of the global nuclear market. The global nuclear industry will require around $80 billion in annual investment over the coming decade as countries strive to meet climate...

  • *New UK chief needs to keep nuclear plans on track. Simone Rossi, 47, will take up the post of chief executive at British Energy in mid-July, succeeding Vincent de Rivaz, who is retiring after 15 years as CEO of the unit. Rossi's role will include keeping the project on track, when similar Areva-designed European Pressurized Reactor projects in France, Finland and...

  • *Half a dozen firms specialise in dismantling reactors. MUELHEIM-KAERLICH, Germany, June 12- As head of the Muelheim-Kaerlich nuclear reactor, Thomas Volmar spends his days plotting how to tear down his workplace. About 200 nuclear reactors around the world will be shut down over the next quarter century, mostly in Europe, according to the International Energy...

  • Jim Cramer on Mad Money.

    Jim Cramer explains why Janet Yellen’s call at Wednesday’s Fed meeting could make or break your portfolio.

  • Cramer Remix: Why it’s vital the Fed raises rates

    Jim Cramer explains why Janet Yellen’s call at Wednesday’s Fed meeting could make or break your portfolio.

  • Construction workers pour concrete as part of a bridge expansion project in California.

    Jim Cramer delves into the complicated problems plaguing the once-lauded construction company Chicago Bridge & Iron.

  • Cramer sifts through CB&I's mess to find what's pushing the Trump stock lower

    Jim Cramer delves into the complicated problems plaguing the once-lauded construction company Chicago Bridge & Iron.

  • SAO PAULO, June 8- State-controlled Petróleo Brasileiro SA has removed the engineering unit of Brazilian conglomerate Andrade Gutiérrez SA from a list of banned contractors, after the latter signed a leniency accord with prosecutors over a corruption scandal. In a Thursday securities filing, Petrobras said terms of an accord with Andrade Gutiérrez...

  • OTTAWA, June 8- Canadian housing starts dipped in May as construction intentions fell in Toronto, another sign that one of the country's hottest real estate markets might be cooling down. Authorities are trying to clamp down on the Toronto and Vancouver markets amid fears of a possible bubble. Single detached starts in Toronto dropped by 43 percent, the first...

  • *Moscow aims to resettle 1 mln residents over 15 years. MOSCOW, May 25- Russian developers who had hoped to be able to co-invest in Moscow's planned $50 billion program to resettle almost a million residents will only be involved as contractors, the city's deputy mayor told Reuters. Sales fell by as much as 30 percent in 2015 and although the market started to...

  • LONDON, June 2- Sterling held below seven-month highs against the dollar on Friday, unmoved by stronger-than-expected UK construction sector data, as investors kept an eye out for polls on the country's general election due in less than a week. But sterling shrugged off the data, partly reflecting the small size of the construction sector- about 6 percent of...

  • LONDON, May 24- Sterling traded below seven-month highs against the dollar on Friday as investors awaited data on the construction sector in Britain while keeping an eye out for polls on the country's general election due in less than a week. The pound has recently been choppy, with investors unsure if Prime Minister Theresa May will secure a large majority in...

  • LONDON, May 24- Sterling traded below seven-month highs against the dollar on Friday as investors awaited data on the construction sector in Britain while keeping an eye out for polls on the country's general election due in less than a week. The pound has recently been choppy, with investors unsure if Prime Minister Theresa May will secure a large majority in...

  • LONDON, May 24- Sterling traded below seven-month highs against the dollar on Friday as investors awaited data on the construction sector in Britain while keeping an eye out for polls on the country's general election due in less than a week. The pound has recently been choppy, with investors unsure if Prime Minister Theresa May will secure a large majority in...

  • LONDON, May 24- Sterling traded below seven-month highs against the dollar on Friday as investors awaited data on the construction sector in Britain while keeping an eye out for polls on the country's general election due in less than a week. The pound has recently been choppy, with investors unsure if Prime Minister Theresa May will secure a large majority in...

  • ST PETERSBURG, Russia, June 1- Russia signed an agreement with the Indian government on Thursday to build two new reactors for the Kudankulam nuclear power station in Tamil Nadu and said it would loan India $4.2 billion to help fund construction. President Vladimir Putin says Russia is ready to build a dozen nuclear reactors in India over the next 20 years to back...