Capital Goods Construction and Engineering

  • SANTIAGO, March 25- Chilean state miner Codelco said on Monday it had terminated its contract with Canadian company SNC-Lavalin Group Inc at its Chuquicamata mine in northern Chile, accusing the engineering firm of failing to comply with its work commitments at the world's largest open pit mine. World top copper miner Codelco said the Canadian builder had not...

  • SANTIAGO, March 25- Chilean state miner Codelco said on Monday it had terminated its contract with Canadian company SNC-Lavalin Group Inc at its Chuquicamata mine in northern Chile, accusing the engineering firm of failing to comply with its work commitments at the world's largest open pit mine.

  • SAO PAULO, March 22- The arrest of a former Brazilian president on corruption charges is raising questions about how a Swedish consulting company won a contract to help build a nuclear power plant at the center of what prosecutors say was a massive bribery and kickback scheme. The company, now known as AF Poyry, on Thursday became the latest in a series of...

  • WASHINGTON, March 22- The U.S. Energy Department on Friday finalized up to $3.7 billion in loan guarantees to finance the construction of two reactors at the delayed Vogtle nuclear power plant in Georgia, tapping a program zeroed out in President Donald Trump's latest budget. Up to $1.67 billion will go to Georgia Power Co, a subsidiary of Southern Co; up to $1.6...

  • OSLO, March 19- Norsk Hydro, one of the world's largest producers of aluminum, battled on Tuesday to contain a cyber attack which hit parts of its production, sending its shares lower and aluminum prices higher. The company shut several metal extrusion plants, which transform aluminum ingots into components for car makers, builders and other industries, while its...

  • The company shut several metal extrusion plants, which transform aluminium ingots into components for car makers, builders and other industries, while its giant smelters in countries including Norway, Qatar and Brazil were being operated manually. News of the attack pushed aluminium prices up 1.2 percent to a three-month high of $1,944 a tonne in early trade...

  • March 18- Foxconn Technology Group Ltd said on Monday it will complete work on a new factory in Wisconsin to assemble liquid crystal display screens and start production before the end of next year. Foxconn initially planned to manufacture advanced large-screen displays for TVs and other consumer and professional products at the Wisconsin plant.

  • BUENOS AIRES, March 15- A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling potential progress in a deal that could increase Beijing's deepening influence in the South American nation. Argentina had hoped to announce an agreement on China- financed construction of Atucha III, as it has been...

  • WASHINGTON, March 15- Brazil and the United States could work together to build small nuclear reactors, Brazil's mines and energy minister told Reuters on Friday, adding that the South American nation is also ready to open uranium mining to foreigners. Brazil is preparing legislation that would clear the way for both private and foreign investment in...

  • LONDON, March 15- Interserve, one of the British government's biggest contractors, was placed in administration late on Friday and immediately taken over by its lenders only hours after shareholders rejected a rescue plan for the debt-laden company. The takeover by the company's creditors failed to deflect criticism, however, with fresh questions raised...

  • BUENOS AIRES, March 15- A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling potential progress in a deal that could increase Beijing's deepening influence in the South American nation. Argentina had hoped to announce an agreement on China- financed construction of Atucha III, as it has been...

  • WASHINGTON, March 15- The United States and Brazil could work together to build small nuclear reactors, as South America's largest economy prepares to open uranium mining and related areas to foreign investment, Brazil's mines and energy minister told Reuters on Friday. Brazil is preparing legislation that would clear the way for both private and foreign...

  • LIMA, March 15- Brazilian construction firm OAS has entered a plea deal with Peruvian prosecutors to provide evidence on corruption cases in the same way rival Odebrecht SA has done, the prosecutor leading the investigations said on Friday. OAS is under investigation for alleged bribes to win infrastructure projects in Lima, including contributions to the...

  • LONDON, March 15- Interserve, one of the British government's biggest contractors, is set to go into administration on Friday after shareholders rejected a rescue plan for the heavily indebted firm. "Financial models adopted by these large outsourcers pose an ever-present and potentially very damaging risk to their supply chains," said Rudi Klein, CEO of...

  • LONDON, March 15- Interserve, one of the British government's biggest contractors, is set to go into administration on Friday after shareholders rejected a rescue plan for the heavily indebted firm. The provider of public services ranging from school lunches to hospital cleaning, which employs 65,000 people including 45,000 in Britain, said it will file for a'...

  • March 15- No.1 U.S. steel producer Nucor Corp on Friday forecast first-quarter profit below Wall Street estimates, citing lower average selling prices of steel sheets and delay in shipments to customers in the construction sector. The tariffs imposed by the Trump administration on steel imports, mainly from China, have increased domestic production, leading...

  • HONG KONG, March 15- Hong Kong- listed Imperial Pacific, the owner of a multi-billion Saipan gaming project, is being sued by former construction workers who say they were victims of forced labor and human trafficking on the U.S.-administered Pacific island. Scrutiny of the project intensified after the death of a construction worker in 2017 and an FBI raid that...

  • *Trump-Xi meeting pushed to at least April- Bloomberg. March 14- U.S. stocks fell on Thursday weighed by concerns of a delay in trade talks between the United States and China, and data which showed a higher-than-expected fall in new home sales in January. Bloomberg reported that a meeting between President Donald Trump and China's Xi Jinping to sign an agreement...

  • WASHINGTON, March 13- U.S. construction spending surged in January, with investment in public projects rising to a more than eight-year high, which could boost economic growth estimates for the first quarter. The Commerce Department said on Wednesday that construction spending jumped 1.3 percent, the largest increase since last April, after a revised 0.8...

  • LONDON, March 12- Irish shares outperformed the rest of the euro zone on Tuesday after Britain and the European Union agreed tweaks to Britain's withdrawal agreement that eased some fears of no-deal Brexit on March 29. Britain's FTSE 100 fell 0.1 percent as a surge in sterling after British Prime Minister Theresa May won last-minute assurances from the...