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CNBC real estate reporter Diana Olick with what to expect in the housing sector this spring.
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CNBC real estate reporter Diana Olick with what to expect in the housing sector this spring.
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The U.S. housing market will see no surge at the start of spring, as fewer buyers signed contracts to purchase existing homes in February.
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In New York, shares of Mexican telecommunications company America Movil climbed 1.9 percent to $21.13. Shares of Coca-Cola Femsa, which Femsa co-owns with Coca-Cola Co, jumped 2.7 percent to $162.19. The BNY Mellon index of leading American depositary receipts rose 0.3 percent, while the BNY Mellon index of leading Latin American ADRs jumped 1 percent.
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HONG KONG, March 25- China National Building Material Co Ltd's shares fell on Monday after the company's 2012 net core profit revealed the extent of its reliance on subsidies, raising fears that its aggressive acquisition strategy could prove unsustainable.
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March 20- Fitch Ratings has upgraded China Shanshui Cement Group Limited's Long-Term Issuer Default Rating and senior unsecured debt rating to' BB' from' BB-'.
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Business is brisk, but the new-home market won't be back to normal for a while, Meritage CEO Steven Hilton said.
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MILAN, March 15- Italian cement maker Buzzi Unicem said on Friday its German unit Dyckerhoff. In a statement, Buzzi Unicem said the unit's 2012 net profit dropped 59.2 percent to 26.9 million euros, as revenues remained broadly unchanged at 1.6 billion euros.
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JAKARTA, March 15- Following is some company-related and market news that could affect the local market. has secured a 10- year sales contract, to supply 51.8 million tonnes of coal, worth about $3.5 billion, to PT Indonesia Power, a unit of state electricity company PT Perusahaan Perseroan Perusahaan Listrik Negara. -Property developer PT Bumi Serpong Damai.
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DAR ES SALAAM, March 14- Higher output drove profits up by a fifth at the Tanzanian subsidiary of German cement-maker HeidelbergCements in 2012, and the company said on Thursday it planned to boost output further by building a new cement mill. Full year profit at Tanzania Portland Cement.
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Television group Mediaset, controlled by centre-right leader Silvio Berlusconi, is arguably the most obvious target, having already witnessed volatile share price moves in the run up and aftermath of the vote. "What could a hypothetical leftist government, bent on being hostile to Mediaset, do?
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In October 2007, the housing market was in the direct path of a massive foreclosure storm. Today, it is still picking up the pieces.
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*Vanke, Poly Real Estate down maximum 10 pct. HONG KONG, March 4- Hong Kong and China shares slumped on Monday, with the CSI300 suffering its heaviest single day loss in 28 months after Beijing hit property developers with more tightening measures to contain housing costs that were harsher than expected.
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HONG KONG, March 4- Hong Kong and China shares fell sharply on Monday, with the CSI300 set for its worst day in two years after Beijing hit property developers with more tightening measures to contain housing costs that were harsher than expected. The announcement came ahead of the start of China's annual parliamentary meetings.
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Swiss citizens voted on Sunday to impose some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation, result projections showed.
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*Big payout for outgoing Novartis chairman sparked new outrage. ZURICH, March 3- Swiss citizens voted on Sunday to impose some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation, result projections showed.
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CNBC's Rick Santelli has the latest data on construction. What it indicates about the economy and its impact on the markets, with CNBC's Steve Liesman.
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Calls for ending the mortgage interest deduction are circling through Washington. Proponents of the deduction say they're prepared to fight to the bitter end.
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*Swiss to vote on limits to executive pay on March 3. ZURICH, Feb 21- The year is 2026. Switzerland is in a state of anarchy. Economiesuisse has cancelled the film's release, worried it could alienate voters ahead of a March 3 referendum asking the Swiss whether shareholders in public companies should have a binding vote on pay.
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MEXICO CITY, Feb 18- Mexico's growth picked up in the final months of last year as strength in consumer spending buoyed Latin America's no. 2 economy but a fall in industrial activity backed bets on lower interest rates ahead.
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MEXICO CITY/ MONTERREY, Feb 7- Mexico's Cemex, the giant cement company that has been struggling to turn around its debt-laden business since the U.S. housing crisis, said weak sales in Europe offset a pickup in its U.S. business and led it to report a wider-than-expected fourth-quarter loss.