*Morocco relegated to frontier market stocks index. Morocco, which has avoided the worst of its neighbours' turmoil, became the latest casualty on Wednesday when it was relegated in the leading MSCI indices from the league of established emerging markets to the "frontier" division of economies with less developed capital markets.» Read More
Home Depot reported a rise in profit and sales as the world's largest home improvement chain continued to benefit from a U.S. housing market recovery.
DUESSELDORF/ BERLIN, Nov 6- A leading Social Democrat warned on Wednesday that the European Union planned to investigate German renewable energy discounts for industry, a move that could end up hitting a raft of companies operating in Europe's biggest economy.
LONDON, Nov 6- Three years ago, a trip to the Southern Kenya production facilities of Canadian company Africa Oil attracted only seven potential investors. In a world of low yields and paltry growth, the attraction of frontier markets- the lesser developed emerging markets in Africa, Asia, Europe, the Middle East and Latin America- is pretty clear.
PARIS, Nov 5- European shares set new five-year highs on Tuesday before dipping after mixed results from blue chips, with uncertainty in the run-up to an ECB policy meeting also keeping investor enthusiasm in check.
ZURICH, Nov 5- Holcim, the world's largest cement maker by market value, said on Tuesday it does not expect 2013 sales volumes to reach last year's levels, due in part to sluggish demand in some key emerging markets.
Canada is careering towards a sharp fall in house prices with ultralow interest rates taking their toll on the property market, Goldman Sachs reports.
Owens Corning's CEO celebrates the company's 75th birthday today. Its CEO, Michael Thaman, discusses the housing market, and says all its businesses improved in Q3, and is on track with its guidance for the year. We're not seeing big remodeling coming back yet, he says.
Discussing the recovery projects from Sandy in downtown Manhattan, with Rudin Management vice chairman & CEO Bill Rudin. "With tremendous leadership, we got the Federal money for recovery," he says.
U.S. construction spending hit a near 4-1/2 year high in August, boosted by increases in both private and public outlays, a hopeful sign for third-quarter economic growth.
As home prices are rising, a new breed of "flippers" are honing in on high-end neighborhoods. CNBC's Diana Olick shares American Coastal Properties will buy, remodel and flip between 30-50 high-end homes this year in sought-after locations.
BANDUNG, Indonesia, Oct 14- In PT Trisula International's hangar-sized factory outside the western Indonesian city of Bandung, hundreds of workers stitch together clothes for some of the world's top brands.
A sky crane appeared to be raising a load of concrete when it failed at one of Manhattan's tallest residential towers. CNBC's Robert Frank reports the site of the incident is at the same building known for an infamous crane failure during Superstorm Sandy.
*HeidelbergCement CEO sees volatility, uncertainty. HEIDELBERG, Germany, Oct 4- HeidelbergCement Chief Executive Bernd Scheifele is facing up to the new reality of a lower growth world, where the priorities are to keep a tight hold on cash for rainy days and not splurge on big acquisitions.
ZURICH, Oct 2- If you are taking a short-haul flight from Switzerland, there's a chance you might find yourself sitting next to the Chief Executive of Holcim, the world's largest cement maker- in economy class.
Tetsuji Ohashi, President & CEO of Komatsu warns that construction and mining across Asia remains weak and explains why he's cautiously optimistic on China.
ZURICH, Sept 24- Holcim, the world's largest cement maker, is cautiously optimistic about the outlook for its biggest market, India, saying demand could pick up thanks to government spending on infrastructure ahead of an election.
HONG KONG, Sept 16- Hong Kong shares could start the week stronger on Monday, taking their cue from gains in regional stock markets after Lawrence Summers dropped out from the race to head the U.S. Around 0051 GMT, South Korea's KOSPI was up 1 percent and Australia's S&P/ASX index added 0.7 percent.
Sept 11- India's Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat state to UltraTech Cement Ltd for around 38 billion rupees including debt.
The U.S. housing market is strengthening, and Home Depot CEO Frank Blake said his company has no plans to expand globally.
CNBC's Steve Liesman reports on upbeat economic data. Both the ISM manufacturing report, as well as construction spending data will play a role in the Fed's thinking.