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  • FRANKFURT/ LONDON, Jan 22- Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell ahead of their planned merger, several people familiar with the matter said. France's Lafarge and Swiss peer Holcim announced merger plans last year, hoping to cut costs and tackle overcapacity and weak demand.

  • LONDON, Jan 15- Frantic trading after the Swiss National Bank scrapped its euro cap on the franc on Thursday drove Swiss stocks down nearly 9 percent, their biggest one-day percentage fall for at least 25 years. One trader described the central bank's move as "carnage", while Swatch Chief Executive Nick Hayek called the franc's surge in value against the euro an...

  • LONDON, Jan 15- Frantic trading after the Swiss National Bank scrapped its cap on the franc drove Swiss stocks down 10.2 percent on Thursday, putting them on track for their biggest one-day fall in at least 25 years. Some traders described the central bank's move as "carnage", while Swatch Chief Executive Nick Hayek called the franc's surge in value against the euro...

  • FACTBOX-Why scrapping the Swiss currency cap matters Thursday, 15 Jan 2015 | 11:35 AM ET

    *Switzerland more expensive for tourists, Davos elite. TOURISM- The cost of a holiday in Switzerland, already one of Europe's most expensive ski destinations, just went through the roof in the middle of the busy winter sport season. Even before the franc's surge, four Swiss cities- Zurich, Geneva, Basel and Bern- were among the 10 most expensive places in the world for...

  • LONDON, Jan 15- Frantic foreign exchange trading after the Swiss National Bank scrapped its euro cap on the franc took $100 billion off the value of Switzerland's blue-chips on Thursday, putting them on track for their biggest one-day fall in at least 25 years. The Swiss SMI index slumped 10 percent, with stocks including Swatch, luxury-goods firm Richemont and...

  • Currency market furore wipes $100 bln off Swiss stocks Thursday, 15 Jan 2015 | 6:20 AM ET

    LONDON, Jan 15- Frantic foreign exchange trading after the Swiss National Bank scrapped its euro cap on the franc took $100 billion off the value of Switzerland's blue-chips on Thursday, putting them on track for their biggest one-day fall in at least 25 years. The Swiss blue-chip SMI index slumped more than 8.6 percent, with stocks including Swatch,...

  • Dec 23- Germany's HeidelbergCement AG is negotiating to sell Hanson Building Products Ltd, a maker of concrete and clay building products, to private equity firm Lone Star Funds, according to people familiar with the matter. HeidelbergCement is weighing a sale to Lone Star as a way to shed the non-core unit more quickly than through an initial public offering,...

  • FRANKFURT/ LONDON, Dec 16- The battle for the assets cement firms Lafarge and Holcim must sell to get the go-ahead for their merger will likely be between three groups, several people familiar with the matter said. France's Lafarge and Swiss peer Holcim promised to sell overlapping assets worth about 12 percent of their combined revenues to secure European...

  • BRUSSELS, Dec 15- European Union antitrust regulators on Monday approved the proposed merger of France's Lafarge and Swiss peer Holcim to create the world's biggest cement maker after they promised to sell a swathe of overlapping assets. Holcim and Lafarge said the package, with the exception of a minor change in France, was about the same as that announced in...

  • JOHANNESBURG, Dec 10- South African stocks rebounded on Wednesday, led by gold mining companies such as Gold Fields and AngloGold Ashanti which rose on the back of a firm gold price and a weaker rand. Gold Fields was the biggest climber on Johannesburg's broader All-share index, gaining 6.6 percent to its highest level in more than a year. Africa's largest gold...

  • Sika deal will happen: St Gobain CEO  Monday, 8 Dec 2014 | 11:10 AM ET

    "I am confident that the deal will go through" says Pierre-André de Chalendar, CEO of construction group St Gobain, of its move on Sika.

  • October construction spending up 1.1%  Tuesday, 2 Dec 2014 | 10:00 AM ET

    CNBC's Rick Santelli reports the latest construction spending data.

  • WILLISTON, N.D., Nov 21- Halliburton Co's $35 billion takeover of Baker Hughes Inc will create an oilfield services powerhouse in North Dakota with more than half the cementing market and a leading position in fracking, according to data seen by Reuters. The deal, announced on Monday, will help Halliburton better compete with global leader Schlumberger NV, as well...

  • LAGOS, Nov 10- A Nigerian unit of France's Lafarge said on Monday it had entered into an agreement with Flour Mills of Nigeria to purchase a 30 percent stake in United Cement Company of Nigeria. The deal will give Lafarge's Nigerian Cement Holdings complete control of the country's third-largest cement manufacturer. "Pursuant to the agreement, a first 15 percent...

  • Oil prices have fallen 30 percent since late June and shares of such firms as U.S. Silica Holdings and Hi Crush, which supply sand to U.S. drillers, followed, dumped by investors anticipating 2015 output cuts and a drop in demand. "We have not seen any data or had any discussions that indicate lower demand for our sand," said Robert Rasmus, Co-Chief Executive Officer of...

  • Dovish Draghi helps European stocks end higher Thursday, 6 Nov 2014 | 12:42 PM ET

    *Credit Agricole CEO raps France's lack of' clear vision'. PARIS/ LONDON, Nov 6- European shares pared early losses and ended higher on Thursday after European Central Bank President Mario Draghi said the bank's governing council was unanimous in its commitment to using additional unconventional measures if needed. "He's still suggesting that QE is on the table,"...

  • European shares rally on ECB Draghi's comments Thursday, 6 Nov 2014 | 9:21 AM ET

    PARIS/ LONDON, Nov 6- European shares pared losses and rallied in afternoon trading on Thursday after European Central Bank President Mario Draghi said the bank's governing council was unanimous in its commitment to using additional unconventional measures, if needed. "He's still suggesting that QE is on the table," said Hantec Markets analyst Richard Perry.

  • European shares dip ahead of ECB meeting Thursday, 6 Nov 2014 | 7:10 AM ET

    PARIS/ LONDON, Nov 6- European shares inched lower on Thursday as investors were kept on edge by concern that the European Central Bank's policy meeting might not yield new monetary easing. Shares in rival Societe Generale fell 0.9 percent after the bank posted earnings, with traders citing disappointing figures in French retail lending.

  • *HeidelbergCement up after better-than-expected profits. LONDON, Nov 6- European shares fell on Thursday, with switch maker Legrand underperforming, as investors' caution that a European Central Bank meeting might not yield new monetary easing measures weighed on markets. Swiss staffing company Adecco also fell 3.4 percent after it said that the pace of...

  • CSR: Australia housing boom still going strong  Tuesday, 4 Nov 2014 | 8:17 PM ET

    Rob Sindel, CEO of CSR, is optimistic on Australia's construction scene despite a recent fall in home building approvals.