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Capital Goods Construction and Engineering

  • 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...

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. "People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016," said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • LIMA, May 16- Shares in Peru's largest construction company Grana y Montero plunged more than 10 percent on Tuesday after prosecutors filed charges against the firm and a former top executive in a corruption case linked to Brazilian builder Odebrecht. Prosecutors presented the case to the office of Peru's attorney general late on Monday, naming Grana and two...

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • NEW YORK, May 16- U.S. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million units, the Commerce Department said on Tuesday. People had been anticipating continued strength in the housing market even with rising rates, based on the momentum from 2016, said Jim Vogel, an interest rate strategist at FTN Financial in Memphis,...

  • *Housing starts fall 2.6 percent in April. WASHINGTON, May 16- U.S. homebuilding unexpectedly fell in April to the lowest level in five months amid persistent weakness in the construction of multi-family housing units, suggesting a slowdown in the housing market recovery. Housing starts dropped 2.6 percent to a seasonally adjusted annual rate of 1.17 million...

  • The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes climbed to 70 points from 68 in April. In March, the index reached 71 which was the highest since June 2005 during the height of the prior housing boom. "While we expect a slight moderation in housing activity in the near...

  • May 15- A private gauge of U.S. home builder sentiment unexpectedly rose in May to its second strongest level since the housing bust nearly a decade ago, as the existing supply of homes remained tight. The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes climbed to 70 points...

  • May 15- A private gauge of U.S. home builder sentiment unexpectedly rose in May to its second strongest level since the housing bust nearly a decade ago, as the existing supply of homes remained tight. The National Association of Home Builders and Wells Fargo said on Monday their index of builder confidence in newly built, single-family homes climbed to 70 points...

  • Outsourcing to experts in construction is continuing: Bilfinger CEO

    Bilfinger CEO Tom Blades speaks about earnings and job cutting, as well as the trend for outsourcing in his industry.

  • JOHANNESBURG, May 13- South Africa's energy ministry will not appeal a high court ruling blocking an agreement with Russia to build nuclear power reactors but will sign revised pacts and continue with nuclear plans, it said in a statement on Saturday. South Africa signed intergovernmental agreements with Russia, France, China, South Korea and the United States...

  • JOHANNESBURG, May 13- South Africa's energy ministry will not appeal a high court ruling blocking an agreement with Russia to build nuclear power reactors but will sign revised pacts and continue with nuclear plans, it said in a statement on Saturday. South Africa signed intergovernmental agreements with Russia, France, China, South Korea and the United States...

  • The company spilled more than 2 million gallons of drilling fluid- mostly water and clay- in Ohio wetlands in April during construction of Rover, prompting regulators to halt drilling in certain areas. It is one of a network of pipelines being built to boost production in the Marcellus and Utica shale regions located largely in Pennsylvania and Ohio, the biggest...

  • The offering was priced at $14 per share, much lower than the proposed range of $18- $20, raising $294 million. Shares of Five Point, which develops commercial and residential land sites in coastal California, rose to as much as $15.40, giving the company a market value of about $3.35 billion. Existing single-family home sales in California were up 6.9 percent in...

  • *Brokers in the area seeing fewer prospective buyers from China. *Interest in homes in Thailand has surged in first quarter. JERICHO, N.Y./ BEIJING, May 9- Among the sprawling colonial homes and well-tended lawns on the north shore of New York's Long Island, there are signs that Chinese policies crafted 11,000 kilometers away are taking a toll.

  • *Brokers in the area seeing fewer prospective buyers from China. *Interest in homes in Thailand has surged in first quarter. JERICHO, N.Y./ BEIJING, May 9- Among the sprawling colonial homes and well-tended lawns on the north shore of New York's Long Island, there are signs that Chinese policies crafted 11,000 kilometers away are taking a toll.

  • DUBAI, May 8- Loss-making Dubai contractor Drake& Scull International said it expects to hear "very soon" from Saudi Aramco about settling nearly half of outstanding payments owed for its work on Riyadh's King Abdullah Petroleum Studies and Research Centre. Drake& Scull has five claims outstanding with Aramco totalling 2.3 billion riyals and hopes to soon...

  • Brasilia, May 5- Brazil's former President Luiz Inacio Lula da Silva had "complete knowledge" of the massive political kickback scheme that centered on contracts at state-run oil firm Petrobras, a former top executive testified on Friday. Former Petrobras engineering and services director Renato Duque, testifying in the first of five corruption trials Lula...

  • YANGON, May 5- China is looking to take a stake of up to 85 percent in a strategically important sea port in Myanmar, according to documents reviewed by Reuters, in a move that could heighten tensions over China's growing economic clout in the country. A consortium led by China's CITIC Group has proposed taking a 70-85 percent stake in the $7.3 billion deep sea port,...

  • ABU DHABI, May 5- The United Arab Emirates on Friday was forced to delay by a year the start-up of its first nuclear reactor as the company set up to run it has not yet received an operating licence. Confirming a Reuters report on Thursday, Emirates Nuclear Energy Corporation said that work on the first reactor had been completed but Nawah, the ENEC-KEPCO joint...