Long the Toyota Corolla of NYC real estate, affordable and unassuming Queens is finally getting some respect, The New York Times reports.» Read More
LONDON, June 26- The Bank of England sought to put the brakes on Britain's surging housing market on Thursday by announcing a cap on home loans and tougher checks on whether borrowers can repay their mortgages. Britain's housing market has seen a stellar recovery thanks to record-low interest rates, falling unemployment and government-sponsored schemes.
June 26- Lennar Corp, the second-largest U.S. homebuilder, reported a 28 percent increase in quarterly revenue as it sold more homes, and said orders rose 8 percent. Revenue rose to $1.82 billion in the second-quarter ended May 31 from $1.43 billion a year earlier. Net income was flat at $137.7 million, or 61 cents per share.
The North Salt Lake City, Utah- based company said Credit Suisse, JP Morgan and Deutsche Bank were among the underwriters to the offering. Woodside Homes develops and sells single-family homes across seven primary markets in Arizona, California, Nevada, Texas and Utah.
The North Salt Lake City, Utah- based company said Credit Suisse, JP Morgan and Deutsche Bank were among the underwriters to the offering.
PANAMA CITY, June 25- Panama's economy grew in April at its slowest pace in more than four years, the government said on Wednesday, hit by a construction workers strike and the end of public work projects. Panama's economy grew at a 2.74 percent rate in April compared to the same period a year earlier, when it expanded by 10.41 percent.
Consumer confidence at highest level since January 2008. WASHINGTON, June 24- U.S. consumer confidence jumped to its highest level in nearly 6-1/ 2 years in June and sales of new homes surged in May, the latest signs that the economy has regained momentum.
*Consumer confidence at highest level since January 2008. WASHINGTON, June 24- U.S. consumer confidence jumped to its highest level in nearly 6-1/ 2 years in June and sales of new homes surged in May, the latest signs that the economy has regained momentum.
DUBAI, June 24- Yemen has announced plans to build a $3.5 billion highway linking the southern port city of Aden to Saudi Arabia, starting work in the next three months on what will be one its biggest ever infrastructure projects.
*Wisconsin Energy to buy Integrys for $9.1 bln. Financial data firm Markit's Composite Purchasing Managers' Index for the euro zone fell more than expected, though the HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index rose into expansion territory for the first time in six months.
June 23- Canadian engineering and construction company SNC-Lavalin Group Inc said on Monday that it would acquire British energy services provider Kentz Corp Ltd for about 1.164 billion pounds in cash to expand its offerings in the oil and gas sector.
June 23- SNC-Lavalin Group Inc, Canada's largest engineering and construction company, said it would buy British energy services provider Kentz Corp Ltd for about 1.164 billion pounds in cash. SNC-Lavalin said each Kentz shareholder will receive 935 pence per share, a premium of 33 percent to Kentz's Friday close on the London Stock Exchange.
*Board to meet on June 18 to discuss projects. DUBAI, June 15- Dubai's main bourse amended ownership data for Dubai construction firm Arabtec on Sunday after initial figures displayed on its website fuelled a 10 percent plunge in the stock, one of the most market's most heavily traded.
LONDON, June 13- Shares in Britain's housebuilders and property developers fell on Friday after the government and the Bank of England signalled they were ready to intervene to cool the country's surging house market.
LONDON, June 13- Shares in Britain's house builders, including Barratt Developments and Persimmon slipped on Friday after finance minister George Osborne said he would give the Bank of England stronger powers to curb mortgage lending.
MEXICO CITY, June 12- Seven employees of ICA-Fluor, a joint venture between Mexican construction company ICA and U.S. engineering firm Fluor Corp, died on Wednesday during construction of an oil rig for state oil company Pemex in Veracruz, a local official said on Thursday.
TORONTO, June 9- Canadian housing starts picked up more than expected in May and April was revised higher, suggesting housing will contribute to economic growth in the second quarter after a harsh winter put the brakes on construction, data released on Monday showed.
MOSCOW, June 2- Russia's state nuclear firm Rosatom aims to grow its global order book to $100 billion this year, up 25 percent year-on-year, by securing new projects in Hungary, Kazakhstan, India and Iran, CEO Sergei Kiriyenko said on Monday. Rosatom has won a contract to build a new plant in Hungary and has agreed to build reactors in India and Kazakhstan this year.
WASHINGTON, June 2- U.S. manufacturing activity slowed last month and construction spending rose less than expected in April, which could temper hopes of a sharp pick-up in economic growth this quarter.
WASHINGTON, June 2- U.S. construction spending rose to its highest level in five years in April, but the increase was less than expected, suggesting a mild pick-up after residential and nonresidential construction contracted in the first quarter.
NEW DELHI, May 30- India's economic growth picked up marginally from a decade low in the fiscal year ended March, but pro-business Narendra Modi's thumping victory in the recent general election has stoked optimism of an investment-led turnaround in the coming quarters.