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...The businessman is the youngest son of the late Onsi Sawiris, who founded a construction company in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction...
...On Thursday it also agreed a £80mn construction loan for new serviced apartment buildings, and replaced an existing construction facility with a £132mn loan on a mixed-use building that includes offices,...
...at the research company Capital Economics....
...Rivian is pausing construction on building a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...Matthew Pointon, senior property economist at the research company Capital Economics, said commercial construction had “been contracting since September last year as developers wait for the outlook to stabilise...
...The strong earthquake that shook Taiwan early Wednesday damaged some machinery at Taiwan Semiconductor Manufacturing Company, but most tools were back to normal within the day....
...Tim Moore of S&P Global Market Intelligence said construction companies were “increasingly optimistic that the worst could be behind them soon as recession risks fade and interest rate cuts appear close...
Twelve months after the failure of Silicon Valley Bank shook the regional banking sector, risks remain
...a mainland Chinese real estate company....
...Pål Kildemo, chief financial officer of the Norwegian company, said this construction crash because of high rates and rising building costs had hit the aluminium sector hard, undermining earnings of Hydro...
...Mark Hoplamazian, chief executive of US hospitality group Hyatt, said building new hotels had become harder due to “very tough” markets for raising capital, causing the company to turn instead to converting...
...But he said “expectations of falling interest rates during the months ahead” appeared to have supported confidence at construction companies....
...In early 2023, after a wave of defaults shook China’s property industry to its core, one of the country’s largest and most trusted developers struck a note of quiet confidence....
...February’s figure was bolstered by growth of 7.9 per cent in the construction sector, reflecting unseasonably dry weather....
...A “blowout” March retail sales report sparked a sell-off in US government debt and shook global currency markets on Monday, in the latest sign that the world’s largest economy may be running too hot to justify...
...When he was offered free coffee for life, he shook on it, much to the dismay of sharp-suited lawyer Jackie Chiles. European companies will be lucky to get off so lightly. andy.bounds@ft.com...
...The bet on failed banks suggests Porticoes’ sponsors see more trouble ahead for the sector a year after the failure of Silicon Valley Bank shook confidence in US regional lenders....
...Construction materials group Breedon has had an eventful 12 months....
...Now companies from Accenture to EY and McKinsey are slashing thousands of jobs....
...A survey by the German Chamber of Commerce and Industry (DIHK) in November found that just over half of the country’s construction companies were struggling to fill vacancies....
...Economists expect the weakness in the construction sector to continue as interest rates remain elevated....
...Twelve months after the failure of Silicon Valley Bank shook the regional banking sector, NYCB’s recent struggles have underscored the continuing fragility at some US lenders....
...The company expects to build 7,500 homes in the 12 months to July, down from almost 11,000 in the same period a year ago. Shares were broadly flat in morning trading on Tuesday....
...During the initial review of the private-sector proposals, the Chinese consortium consisting of China Railway Construction, China Communications Construction and the Export-Import Bank of China, was seen...
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