LIMA, March 12- Peru is talking with Brazilian construction giant OAS about resuming construction on a $4 billion hydroelectric plant that has been stalled since 2011 because of local opposition, an official said on Wednesday. An OAS representative in Peru said by telephone that the company did not have any comment.» Read More
CNBC's Courtney Reagan reports on the 60-foot wide sinkhole that happened Sunday night in Florida, and Elysium made $30 million at the box office this weekend.
For the daily 'Stock in 60' segment, CNBC's Matthew Taylor looks at shares of Australian engineering firm Clough, which surged 28 percent after receiving a buy-out offer from Murray & Roberts.
CNBC's Bertha Coombs reports police arrested a woman in connection with the green paint vandalism in Washington DC. Also, President Obama said the Keystone Pipeline "might create 2,000 jobs during construction," though TransCanada estimates there will be 13,000 jobs in construction alone, and 20,000 overall. John Kilduff, Again Capital, shares his opinions.
China has banned the construction of government offices for the next five years, ratcheting up an austerity campaign that has already taken a toll on the economy. The FT reports.
Robert Noel, CEO of Land Securities explains that they started building during the financial crisis as they had spotted a supply constraint and now have sites near completion as the U.K. economy is picking up.
Robert Noel, CEO of Land Securities tells CNBC from the top of the Walkie Talkie that despite a challenging retail market, occupancy has been maintained and interest is growing for their schemes.
Mark Reynolds, CEO of the Mace Group, talks about the global construction outlook and says China, India and "surprisingly" the U.S. will be big drivers due to growing demographics and urbanization.
World construction activity will accelerate by $6.3 trillion, or 70 percent, by 2025, with the explosion in growth boosted by a new generation of "Asian Tigers".
John Wraith, fixed income strategist at BofA Merrill Lynch Global Research, discusses the U.K. economy and the lack of recovery momentum despite positive GDP expectations.
Many states are recovering form record budget deficits. One key piece of the recovery is revenue from taxes
China has been going through a construction boom, but many of the properties are too expensive for most Chinese to buy, reports CNBC's Eunice Yoon.
Saudi billionaire Prince Alwaleed bin Talal is looking at the world's largest cities, as possible locations to build a mile-high skyscraper that would be the world's tallest building by far.
As China grapples with the surge in home prices, Vincent Lo, Chairman of the Shui On Group lays out a few options that may help ease the pressure on the nation's property market.
Allister Heath, editor at City AM, highlights that the BoE's voting system could make it harder for Mark Carney to make changes and says the recent data proves that "it's an important moment" for the U.K.'s economy.
In South Korea, pressuring employees to buy their own company's products as a way of boosting sales and manipulating profits remains a fairly common practice. The GlobalPost reports.
China Construction America has been investing in the US for 28 years. CCA's CEO says they still have to overcome distrust as it is majority-owned by the Chinese government.
Chinese IVC's bought the vitamin for $63.4 million in 2010. IVC products are in Walmart, Walgreens and RiteAid, but the goal is much bigger: selling to the Chinese consumer.
Despite all the negative headlines, Chinese investment in the US hit an all-time record in 2012: $6.5 billion. It will likely surpass that level in 2013.
Morningstar reports that Canada's banks and its housing finance agency may take serious losses if Canada's home prices decline.
It seemed as if Canada had avoided the excesses of the housing bubble that hit so many nations. But now it may be catching up.