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Capital Goods Construction and Engineering

  • OTTAWA, Oct 10- Canadian housing starts dipped in September, but did not fall as much as expected, capping another quarter of strong home building growth, but a drop in August building permits suggested the long boom is cooling, separate reports showed on Tuesday. Groundbreaking on homes edged slightly lower in September to 217,118 units from August's upwardly...

  • *Local data shows 600,000 homes in Texas, Florida to repair. Oct 9- There are 600,000 homes in Texas and Florida alone that need re-roofed or repaired and results over the next month will give some sign of how much the resulting squeeze on building materials will benefit suppliers over the next year. "Prior storm events suggest prices can increase 10 percent or more...

  • *Local data shows 600,000 homes in Texas, Florida to repair. Oct 9- There are 600,000 homes in Texas and Florida alone that need re-roofed or repaired and results over the next month will give some sign of how much the resulting squeeze on building materials will benefit suppliers over the next year. "Prior storm events suggest prices can increase 10 percent or more...

  • SEOUL, Oct 9- South Korea's state-run nuclear operator Korea Hydro& Nuclear Power Co Ltd said on Monday that modifications to its APR 1400 reactor design were approved by European utilities, allowing KHNP to expand its export markets. Gaining the EUR approval will allow KHNP to build the European compliant model in countries that require EUR certification...

  • *Hungary blames delay on EU regulatory hurdles. BUDAPEST, Oct 6- Russian company Rosatom's 12.5 billion euro project to build two nuclear reactors in Hungary has been delayed by at least a year, Hungarian authorities said. Hungarian minister Janos Suli told a conference on Thursday that the Paks nuclear project would be delayed by 22 months because of European...

  • *Hungary blames delay on EU regulatory hurdles. BUDAPEST, Oct 6- Russian company Rosatom's 12.5 billion euro project to build two nuclear reactors in Hungary has been delayed by at least a year, Hungarian authorities said. Hungarian minister Janos Suli told a conference on Thursday the Paks nuclear project would be delayed by 22 months because of European Union...

  • BUDAPEST, Oct 6- Russian Rosatom's 12.5 billion euro project to build two nuclear reactors at the Paks nuclear site in Hungary has been delayed by at least a year, Hungarian authorities said. Janos Suli, Hungary's minister in charge of the Paks project, told a conference on Thursday the project had suffered a 22- month delay due to European Union regulatory...

  • LONDON/ FRANKFURT, Oct 5- Some of the globe's biggest banks have decided to rent more office space in Frankfurt, bolstering Germany's financial hub after months of divorce talks between Britain and the EU have left London's future more uncertain than ever. Goldman Sachs has agreed to lease 10,000 square metres of office space at the new Marienturm building in...

  • *Tepco gets initial safety OK for Kashiwazaki-Kariwa nuke plant. TOKYO, Oct 4- Tokyo Electric Power on Wednesday received an initial safety approval from Japan's Nuclear Regulation Authority to restart two reactors at the world's biggest nuclear power plant. The Fukushima meltdown was the world's worst nuclear accident since Russia's Chernobyl disaster...

  • *Raises average selling price forecast to $380,000- $385,000. Oct 3- Lennar Corp trumped estimates for quarterly profit and revenue on Tuesday as both home sales and prices charged by the United States' second largest homebuilder increased, pointing to solid underlying demand in the U.S. housing market. Despite being affected by the recent hurricanes, the...

  • *FTSE 100 up 0.4 pct. LONDON, Oct 3- Britain's top share index climbed to a near eight-week high on Tuesday, boosted by a slide in the pound after weaker construction sector activity and rumbling uncertainty over Brexit negotiations. "With the makeup of the eventual Brexit deal still unknown, there has been knock-on volatility in sterling and therefore the FTSE 100-...

  • Oct 3- Lennar Corp, the No.2 U.S. homebuilder, reported a higher-than-expected quarterly profit on Tuesday as it sold more homes at higher prices, underscoring the strength in demand for housing in the United States. "The strong margins and reiteration of hurricane impact will be considered a positive for the shares," MKM Partners analyst Megan McGrath wrote in a...

  • *Economic uncertainty hammers UK construction sentiment. LONDON, Oct 3- Britain's construction companies in September reported the sharpest fall in activity since just after June 2016' s Brexit vote, as clients put projects on hold due to uncertainty over the economy. Although construction makes up just 6 percent of Britain's economy, the survey suggested it...

  • *Economic uncertainty hammers UK construction sentiment. LONDON, Oct 3- Britain's construction companies in Septmber reported the sharpest fall in activity since just after June 2016' s Brexit vote, as clients put projects on hold due to uncertainty over the economy. Although construction makes up just 6 percent of Britain's economy, the survey suggested it...

  • The homebuilder's affected communities in Texas, Florida, Georgia and South Carolina accounted for about 40 percent of annual homebuilding revenue, Lennar said last month. "Once we get past the short-term impact from the storms, there will be increased economic activity and an increased demand for new homes," Chief Executive Stuart Miller said.

  • Oct 3- U.S. homebuilder Lennar Corp reported a 5.6 percent rise in quarterly profit on Tuesday, driven by an increase in home sales and higher prices. Net income attributable to Lennar shareholders rose to $249.2 million, or $1.06 per share, in the third quarter ended Aug. 31, from $235.8 million, or $1.01 per share, a year earlier. The company's revenue rose 15.1...

  • The Institute for Supply Management said its index of national factory activity surged to a reading of 60.8 last month, the highest reading since May 2004, from 58.8 in August. Harvey, which pummeled Texas at the end of August, has undercut consumer spending and weighed on industrial production, homebuilding and home sales. Further weakness in likely after Irma...

  • The Commerce Department said on Monday that construction spending rose 0.5 percent to $1.21 trillion. The government said Hurricanes Harvey and Irma did not appear to have impacted the construction spending data as the responses from the Texas and Florida areas affected by the storms were "not significantly lower than normal." According to the Commerce...

  • *Ireland struggling with chronic shortage of housing. DUBLIN, Oct 2- Glenveagh Properties plans to raise up to 550 million euros in Ireland's second largest initial public offering since the 2008 financial crisis to add much needed housing supply to Europe's fastest growing economy. "One of the structural weaknesses in the housing market in Ireland is the...

  • WASHINGTON, Sept 29- The U.S. Department of Energy said on Friday it has offered an additional loan guarantee of up to $3.7 billion to companies building two nuclear reactors at the Vogtle plant in the state of Georgia. The conditional loan guarantees were in the amounts of $1.67 billion to Georgia Power Company, a subsidiary of Southern Co, $1.6 billion to...