Construction News

Washington - Home building pushed US construction spending higher in January despite bad winter weather, government data released Monday showed.January construction spending rose 0.1 percent, the Commerce Department said.

Panama City - A row over $1.6 billion in cost overruns on construction to widen the Panama Canal has been resolved, the parties said Friday, ensuring completion of the massive project.The Panama Canal Authority and the consortium "Grupo Unidos por el Canal" (GUPC) a...

Paris - Construction and telecom group Bouygues reported on Wednesday a big loss for 2013 after a writedown for shares in Alstom, but its mobile-phone division switched back into profit.The net loss was 757 million euros ($1.04 billion), but investors focused ...

Taipei - Taiwan's ambitions to become a regional air hub finally look set to take off with approval for a mega "aerotropolis" to cash in on improving ties with China and the rise of budget airlines in the region.The ambitious plan to transform the main Taoyuan ...

Singapore - Singapore said Friday that measures it had implemented to cool down the property market have succeeded but it was "too early" to relax them.The remarks by Finance Minister Tharman Shanmugaratnam in parliament came amid concerns by analysts about proper...

Paris - French cement giant Lafarge on Wednesday reported a recovery of net profit last year and said that demand for its products for the construction industry was picking up.But the net figure was helped by asset sales, and underlying operating profit fell o...

Dubai - Dubai-based Emaar Properties said on Monday it posted a 21-percent surge in annual profits in 2013, reaching $699 million on the back of strong performances in the retail and hospitality sectors.

Sochi - The International Olympic Committee said Monday that it launched a full investigation after discovering that hundreds of migrants who worked on the Sochi Games had not been paid.

Panama City - Work on expanding the Panama Canal is unlikely to resume Saturday as local officials face negotiations with foreign builders after the project was halted in a dispute over cost overruns.

Stockholm - Swedish construction and civil engineering group Skanska on Friday reported a rising annual profit for 2013, with continued strong performance in its US operations.Net profit grew by 32 percent in 2013 to 3.76 billion kronor (425.2 million euros, $576.