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Construction and Engineering

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  • Mexico is desperate to get the relationship back on track after its shock scrapping of a multi-billion-dollar high-speed train contract originally awarded to a Chinese-led consortium earlier this year, a move that angered Beijing. Seeking to wean itself off dependence on the United States and compensate for an oil slump that hammered public finances,...

  • ITABORAÍ, Brazil, April 20- For the 20 men hanging on at the Pousada do Trabalhador, a 600- bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. The men are the latest victims of Brazil's biggest-ever corruption scandal, a multi-billion dollar graft scheme...

  • *Mining sector shed nearly a fifth of workers in year. SYDNEY, April 20- As Australia's cooling mining sector lays off workers, an army of white-collar professionals is more than filling the employment gap, courtesy of a housing sector stoked by record low interest rates. "The home-building boom is serving to lift a raft of boats," said Craig James, chief economist at...

  • *Continuing claims lowest since December 2000. WASHINGTON, April 16- U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy's ability to bounce back from a soft patch hit in the first quarter. Groundbreaking increased 2.0 percent to a seasonally adjusted...

  • US TREASURY YIELDS DECLINE AFTER HOUSING STARTS, JOBLESS CLAIMS DATA, 10- YEAR NOTE YIELDS FALL TO 1.87 PERCENT.

  • WASHINGTON, April 16- U.S. housing starts rose far less than expected in March and permits recorded their biggest drop since last May, which could raise concerns about the economy's ability to bounce back from a soft patch hit in the first quarter. Groundbreaking increased 2.0 percent to a seasonally adjusted annual pace of 926,000 units, the Commerce...

  • WARSAW, April 14- Plans to build Poland's first nuclear power plant will be delayed by at least another two years, sources said, after the decision late last year by state-run utility PGE to take on site research itself and cancel a consultancy contract. Now PGE's move last December to scrap a 250 million zloty contract with Australia's WorleyParsons, on the...

  • Tearing down Ferguson to build it back up   Friday, 10 Apr 2015 | 4:40 PM ET
    Tearing down Ferguson to build it back up

    How Ferguson, Missouri is working to rebuild small businesses, with CNBC's Kate Rogers.

  • BRASILIA, April 9- State-run oil company Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff said on Thursday. The indictment of former senior executives of Petroleo Brasileiro SA and the investigation of dozens of political allies of...

  • GM mulls $1.3 bln expansion of Texas assembly plant Wednesday, 8 Apr 2015 | 8:22 PM ET

    April 8- General Motors Co is mulling a $1.3 billion expansion of its Arlington, Texas, assembly plant to boost production of its sport-utility vehicles, according to documents from the city. The company, which is among the top 10 employers in Arlington according to the city's website, will spend $307 million on the physical expansion and $986 million on new...

  • MELBOURNE, April 8- Shanghai nickel slid more than 3 percent on Wednesday, echoing losses in London, on concerns that China's struggling construction sector would corrode demand. *The most-traded nickel contract on the Shanghai Futures Exchange had dropped 3 percent to 93,880 yuan a tonne by 0145 GMT, following similar losses in London. *The most-traded June...

  • Prefabricated buildings: The new trend in China?

    With anti-pollution becoming a major focus for the Chinese government, some builders are turning to more innovative ways. CNBC's Eunice Yoon reports.

  • WASHINGTON, April 1- U.S. construction spending unexpectedly fell in February and the prior month's outlays were revised to show a steeper decline than previously estimated, which could see economists further mark down their first-quarter growth forecasts. Construction spending dipped 0.1 percent to an annual rate of $967.2 billion, the Commerce...

  • MEXICO CITY, March 31- Mexico is trying to get Chinese state-run companies involved in the construction of a new $11 billion airport as it seeks to make up for a tainted rail tender that soured relations with Beijing, a source with knowledge of the government plan said. Mexico announced in September it would build the new Mexico City airport to relieve congestion...

  • DUBAI/ ABU DHABI, March 31- Tourism Development& Investment Co has delayed fundraising plans to build Abu Dhabi's largest shopping mall in collaboration with a unit of French luxury goods firm LVMH, three sources aware of the matter told Reuters. The move by the Abu Dhabi state-owned investment fund, coupled with management changes at the joint venture and lower...

  • March 26- Builders FirstSource Inc, a U.S. supplier of residential building products, is in discussions to acquire peer ProBuild Holdings Inc for approximately $1.5 billion, including debt, three people familiar with the matter said on Thursday. The negotiations between Builders FirstSource and privately held ProBuild are ongoing and may not lead to an...

  • SOFIA, March 26- Bulgaria has asked Westinghouse, part of Toshiba Corp, to take a 49 percent stake in a new nuclear unit if it is to go ahead with a deal for its construction, Energy Minister Temenuzhka Petkova said on Thursday. The European Union's poorest country, reeling from a banking crisis that has strained its finances, wants to avoid giving state guarantees...

  • COCOLI, Panama, March 26- As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world's biggest ships. It is being headed by Italy's Salini Impregilo and Spain's Sacyr, and should open on April 1, 2016. "Looking at our geology and...

  • MILAN, March 26- Italy's Saipem is close to signing a joint venture with a big local partner in Nigeria just days after clinching a similar deal in China with PetroChina as the oil contractor seeks access to new markets. Saipem, 43 percent owned by Italian oil major Eni, has seen some 10 billion euros wiped off its market value over the past two years after two profit...

  • ADELAIDE, Australia, March 26- At least some of Australia's new submarine fleet should be built in the country, an influential retired Japanese admiral said on Thursday, signalling a possible softening in Japan's position on the controversial A $50 billion project. Speaking on the sidelines of a conference of Australian naval officials, defence contractors...