Construction and Engineering (TRBC)

Louvre Abu Dhabi opens in November with no limits on art

Louvre Abu Dhabi opens in November with no limits on art

Published 06/09/2017

More than 600 artworks from around the world will go on display at the Louvre's gallery in Abu Dhabi on Nov. 11, a project that hopes to draw millions of visitors a year to the capital of the United Arab Emirates. [more…]

Australia second-quarter construction spending booms, in boost to economy

Australia second-quarter construction spending booms, in boost to economy

Published 30/08/2017

Australian construction spending boasted its biggest rise on record last quarter as miners splashed out on major engineering projects, a surprise that could lift economic growth well above initial expectations. [more…]

Exclusive: Hyundai Motor Group faces government calls to address `big governance risk`

Exclusive: Hyundai Motor Group faces government calls to address `big governance risk`

Published 20/08/2017

South Korea's new antitrust chief said he has been in talks with the autos-to-steel conglomerate Hyundai Motor Group about overhauling its complex ownership structure, which critics say gives too much power to its controlling family at the expense of shareholders. [more…]

In Canada, a nation of realtors braces for the end of the boom

In Canada, a nation of realtors braces for the end of the boom

Published 01/08/2017

Houses under construction are seen at a subdivision near the town of Kleinburg, Ontario, Canada May 13, 2017.

Canada's long housing boom has drawn thousands into the sector, from realtors and home stagers to construction workers, and a looming slowdown threatens to trigger an exodus that could wipe out many of those jobs and force the economy to shift down.

[more…]

Financials get European shares off to firm start- payday for Carillion shorts

Financials get European shares off to firm start- payday for Carillion shorts

Published 10/07/2017

Traders work in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, July 4, 2017. REUTERS/Staff/Remote

European stocks edged higher on Monday, with banks and utilities the strongest sectors, as mergers and acquisitions rumbled on with some broker notes also prompting individual stock moves.

[more…]

China, France eye Gambian port upgrade to rival Dakar

China, France eye Gambian port upgrade to rival Dakar

Published 07/07/2017

Port workers are seen in front of a shipping vessel unloading its cargo in the port of Banjul, Gambia June 29, 2017. Picture taken June 29, 2017. REUTERS/Emma Farge

Chinese and French companies are bidding to help Gambia build up its Atlantic port Banjul to be what industry sources say could be a rival to neighboring Senegal's Dakar.

[more…]

Short seller Cohodes hits Canada again with latest target: Exchange Income

Published 05/07/2017

Short seller Marc Cohodes, who has bet against the shares of six Canadian-based companies including Valeant Pharmaceuticals International Inc and Home Capital Group Inc, said on Wednesday that he is targeting yet another Canadian firm - Exchange Income Corp.

[more…]

Washington tells India Westinghouse could be sold by year end: sources

Washington tells India Westinghouse could be sold by year end: sources

Published 03/07/2017

FILE PHOTO: The logo of the American company Westinghouse is pictured in Le Bourget, near Paris October 14, 2014. REUTERS/Benoit Tessier/File Photo

The U.S. administration has told India that Westinghouse Electric Co will emerge from bankruptcy and be sold by the year end, industry and diplomatic sources have said, raising the prospect of a Washington-supported sale or bailout for the nuclear firm.

[more…]

Workers exploited at Russia`s 2018 World Cup venues, Human Rights Watch says

Workers exploited at Russia`s 2018 World Cup venues, Human Rights Watch says

Published 14/06/2017

A general view shows the Yekaterinburg Arena stadium under construction, that will host 2018 FIFA World Cup matches, in Yekaterinburg, Russia, December 9, 2016. REUTERS/Maxim Shemetov

Human Rights Watch (HRW) on Wednesday said it had documented cases where workers building venues for Russia's 2018 soccer World Cup had been left unpaid, made to work in dangerously cold conditions, or suffered reprisals for raising concerns.

[more…]