Construction and Engineering (TRBC)

Toshiba says not aware Westinghouse considering Chapter 11 filing

Toshiba says not aware Westinghouse considering Chapter 11 filing

Published 24/02/2017

Reporters raise their hands for a question during a news conference by Toshiba Corp CEO Satoshi Tsunakawa and other senior sompany officials at the company's headquarters in Tokyo, Japan February 14, 2017. REUTERS/Toru Hanai

Toshiba Corp (6502.T), responding to media reports, said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 protection from creditors - an option analysts say could jeopardize the entire group.

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Domestic demand drives German growth in fourth quarter

Domestic demand drives German growth in fourth quarter

Published 23/02/2017

People carry bags outside a shopping mall on the last day of Christmas shopping in Berlin December 23, 2014. REUTERS/Hannibal Hanschke

The German economy quadrupled its growth rate to 0.4 percent in the fourth quarter of 2016 as higher state spending, rising private consumption and construction more than offset a drag from net foreign trade, data showed on Thursday.

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OPEC cuts, weak freight rates help traders profit on Asia crude routes

OPEC cuts, weak freight rates help traders profit on Asia crude routes

Published 22/02/2017

FILE PHOTO - Oil and gas tankers sit anchored off the Fos-Lavera oil hub near Marseille, southeastern France, December 12, 2008. REUTERS/Jean-Paul Pelissier/File Photo

Oil traders from around the world, including the United States, Britain and Brazil, have tripled their sales to Asia as they take advantage of an emerging supply gap following OPEC-led production cuts announced late last year.

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CONCACAF to mull joint World Cup bid- Trump wall no concern

CONCACAF to mull joint World Cup bid- Trump wall no concern

Published 17/02/2017

Victor Montagliani, President of the Confederation of North, Central America and Caribbean Association Football (CONCACAF) speaks to the media after a FIFA Council in Zurich, Switzerland, January 10, 2017. REUTERS/Arnd Wiegmann

CONCACAF will discuss a possible joint bid for the 2026 World Cup and the governing body's president said on Thursday a planned wall along the U.S.-Mexico border would not present an obstacle to co-hosting the event.

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Toshiba seeks to postpone earnings release, will probe Westinghouse

Toshiba seeks to postpone earnings release, will probe Westinghouse

Published 14/02/2017

The logo of Toshiba Corp is seen as Window cleaners work on the company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai

Japan's Toshiba Corp (6502.T) said it has asked regulators to allow it to delay the release of its earnings, including a writedown on its U.S. nuclear business, by a month while it probes internal controls at its Westinghouse unit.

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Toshiba prepares to unveil nuclear hole, other perils threaten

Toshiba prepares to unveil nuclear hole, other perils threaten

Published 13/02/2017

The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan October 1, 2015. REUTERS/Toru Hanai

Toshiba Corp (6502.T) will on Tuesday detail a writedown of close to $6 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group's efforts to fix that and other balance sheet headaches.

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UK seeks interventionist approach to drive post-Brexit industrial revival

UK seeks interventionist approach to drive post-Brexit industrial revival

Published 22/01/2017

Britain's Prime Minister Theresa May leaves the BBC's Broadcasting House in London, Britain, January 22, 2017. REUTERS/Neil Hall

Britain will on Monday outline a new, interventionist approach to balancing its heavily services-based economy for the post-Brexit era, seeking to reinvigorate industrial production and stimulate investment in technology and R&D.

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Hemp hits new high as building material on Dutch bridge

Hemp hits new high as building material on Dutch bridge

Published 18/01/2017

While plenty of cannabis goes up in smoke in coffee shops around the Netherlands, Dutch researchers have found a new use for it - as an environmentally friendly building material to rival cement or steel.

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Writedown fears send Toshiba shares down 20 pct, hit daily limit

Writedown fears send Toshiba shares down 20 pct, hit daily limit

Published 28/12/2016

Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo, Japan September 14, 2015. REUTERS/Toru Hanai/File Photo

Shares in chips-to-construction group Toshiba Corp tumbled 20 percent on Wednesday, hitting the Tokyo exchange's daily downward limit after the company said it could face a multi-billion dollar charge on a U.S. nuclear power business bought last year.

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China to burn, not bury, as it tackles trash challenge

China to burn, not bury, as it tackles trash challenge

Published 15/11/2016

A newly launched waste-to-energy plant by Suzhou Wujiang Everbright Environmental Energy Ltd is seen in Wujiang of Suzhou, Jiangsu province, China, November 8, 2016. REUTERS/Aly Song

Thousands of tonnes of urban waste are hidden behind scrubbed white walls at a new power plant on the outskirts of the Chinese city of Wujiang, with even its chimney disguised as a clock tower.

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