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Capital Goods Construction and Engineering

  • Donald Trump's border wall: A progress report

    Taking a look at Trump's plan to build a border wall.

  • DUBAI, May 28- Dubai contractor Drake& Scull International expects to have nearly 1 billion dirhams of cash flow available over the next four years to partly repay its debt, banking sources told Reuters. The loss-making builder sent non-disclosure agreements to its lenders in April, ahead of planned meetings to discuss the rescheduling of payments on existing...

  • Still, a slim majority of analysts in the poll taken May 16-25 said the Trump administration should pursue some form of housing market deregulation, although 60 percent were not convinced that Congress would pass such policies. "Coming out of a period where we had a real housing sector collapse and where prices seemed so out of line and now having surpassed that,...

  • *Moscow aims to resettle 1 mln residents over 15 years. MOSCOW, May 25- Russian developers who had hoped to be able to co-invest in Moscow's planned $50 billion program to resettle almost a million residents will only be involved as contractors, the city's deputy mayor told Reuters. Sales fell by as much as 30 percent in 2015 and although the market started to...

  • *Graphic on UK house price forecasts: http://reut.rs/2qSknUI. "What governments have failed to do is to tackle capacity in the housebuilding industry and the planning sector," said Anthony Lee, joint head of residential consulting at BNP Paribas Real Estate UK. Housing is a hot-button political topic in Britain, which holds a national election on June 8 that...

  • REUTERS POLL- UK GOVERNMENT SHOULD ENCOURAGE HOME BUILDING, LOOSEN PLANNING CONTROLS TO REFORM HOUSING MARKET- ANALYSTS.

  • The Guardian S, one of Sarcos' robots, is a 13-pound snake-like all-terrain machine, powered remotely by humans engineers.

    While Trump's plan has been criticized as dated, in some ways it couldn't be timed better for robot companies like Sarcos and tech companies like Microsoft.

  • WASHINGTON, May 24- U.S. home resales fell from a more than 10- year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers. "The biggest problem with the housing market is a dearth of inventory, which is keeping sales down and prices up," said Joel Naroff, chief economist at Naroff...

  • WASHINGTON, May 24- U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping house prices elevated and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 2.3 percent to a seasonally adjusted annual rate of 5.57 million units...

  • WASHINGTON, May 24- U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers. The National Association of Realtors said on Wednesday existing home sales declined 2.3 percent to a seasonally adjusted annual rate of 5.57 million units last...

  • WASHINGTON, May 23- New U.S. single-family home sales tumbled from near a 9-1/ 2- year high in April, but the housing recovery likely remains intact amid a tightening labor market. The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted annual rate of 569,00 units last month, with sales in the West region plunging to...

  • NEW YORK, May 23- U.S. Treasury yields remained modestly lower on Tuesday after data showed domestic new homes sales fell more than forecast in April from a near 9-1/ 2 year peak in March. At 10:24 a.m., benchmark 10- year Treasury yield was 2.241 percent, down 1 basis point from late on Monday, while the 30- year yield was 2.908 percent, 0.7 basis point lower than...

  • WASHINGTON, May 23- New U.S. single-family home sales tumbled from near a 9-1/ 2- year high in April, but the housing recovery likely remains intact amid a tightening labor market. The Commerce Department said on Tuesday new home sales declined 11.4 percent to a seasonally adjusted annual rate of 569,00 units last month. March's sales pace was revised up to 642,000...

  • TREASURY YIELDS HOLD AT LOWER LEVELS AFTER STEEPER-THAN-FORECAST DROP IN U.S.

  • May 23- Toll Brothers Inc's profit and revenue beat analysts' estimates, boosted by robust demand and the U.S. luxury homebuilder raised its sales forecast for fiscal 2017.. Shares of the company, which builds homes that can cost upwards of $2 million, rose 3.5 percent in premarket trading on Tuesday. "This was the best spring selling season we have had in over 10...

  • The number of homes sold rose to 1,638 from 1,304 in the quarter ended April 30. However, Toll Brothers said the average price of homes sold decreased to $832,400 from $855,500 a year earlier, partly as it rolled out a new line of lower priced homes, T-Select, to cater to millennials who are now entering their thirties and starting families. The Horsham, Pennsylvania-...

  • May 23- U.S. luxury homebuilder Toll Brothers Inc reported a 40 percent rise in quarterly profit, boosted by an increase in home sales. The company said its net income rose to $124.6 million, or 73 cents per share, in the second quarter ended April 30 from $89.1 million, or 51 cents per share, a year earlier. Revenue rose 22.2 percent to $1.36 billion.

  • *France already outlined plans to cut down on nuclear. PARIS, May 22- French state-controlled utility EDF plans to push back the target of cutting the share of nuclear generation in France's power production by 25 years to 2050, BFM television reported on Monday. It said EDF plans to extend the lifespan of some of the 58 nuclear reactors it operates in France by 10...

  • NEW DELHI, May 17- India's cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts, more than the country's entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime Minister Narendra Modi's government marks the first strategic response to the near collapse of...

  • *India fast-tracks own-brand reactor construction. *India will only buy proven reactor technology. NEW DELHI, May 18- India's plan to build 10 of its own nuclear reactors does not signal a pivot away from foreign suppliers, but to succeed their projects must be financially sound and based on proven technology, a top official told Reuters.