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Honda To Launch Planes In 2010

AHN

Japanese car maker Honda is set to launch Honda Aircraft Company to be based in Greensboro, North Carolina for the construction or HondaJet, a mini passenger jet which the company hopes to make its maiden flight in 2010. For the past 20 years, Honda has been doing its research on its...

Oil holds firm on Iran nuclear vow, Mideast war

YAHOO

Reuters - Oil prices were steady on Monday with Middle East supply anxiety running high after Iran again invoked its oil exports for political leverage and Lebanon objected to a draft U.N. resolution meant to end the war between Israel and Hizbollah.

China looks at ways to cool growth

YAHOO

AP - Officials are examining new steps to cool off China's sizzling economy as its top planning agency called for tighter bank credit and curbs on construction, state media reported.

Sales of new homes decline in June

YAHOO

AP - Sales of new homes fell in June for the first time in four months, and the government also lowered figures for May, providing further evidence the high-flying housing market is losing altitude.

South Korea's economic growth slows in 2Q

YAHOO

AP - South Korea's economic growth slowed in the second quarter on weakness in the construction sector, the central bank said Tuesday, showing that steps to cool the nation's surging property market are taking effect.

	Categories		Latest Construction News		Related:
	Business Links Trade links		British economy picks up in second quarter YAHOO AFP - Britain's economy has grown by 0.8 percent during the second quarter of 2006 compared with the previous three months. Sources: YAHOO Alcoa stock falls on revenue YAHOO Reuters - Alcoa Inc. on Monday posted a 62 percent boost in profit on higher aluminum prices and aerospace demand, but second-quarter sales dipped below Wall Street estimates, sending its shares down 4 percent. Sources: YAHOO National City may sell some mortgage units YAHOO Reuters - National City Corp. , the No. 8. U.S. bank, said on Monday it may sell some mortgage lending units as soon as this summer to reduce its exposure to subprime lending as demand for home loans declines. Sources: YAHOO Factory output slows, construction spending dips YAHOO Reuters - U.S. manufacturing growth slowed in June and construction spending in May unexpectedly staged its biggest drop since September 2004, data showed on Monday, adding to signs the economy is cooling. Sources: YAHOO Construction Spending Declining AHN May saw the greatest decrease in construction spending in nearly two years as construction activity, after reaching record highs, is showing another big decline. Sources: AHN Construction spending down 0.4 pct. in May YAHOO AP - Construction spending fell in May by the largest amount in nearly two years as the once booming housing sector suffered another big decline. Sources: YAHOO China To Invest $20.7 Billion In Its Western Region AHN China Sunday announced it's plan to begin construction of 12 new key projects with a total investment of $20.7 Billion in it's western part, which is considered undeveloped. Sources: AHN India's Elite 30-Something Come Out As Developers AHN businessmen are after a $2 billion worth of annual investment set aside for property in India. Furthermore, India has also simplified its regulations on foreign companies involved in construction since 2005. Sources: AHN Indian Construction Company Eyes Libyan Market AHN Indian construction firm Punj Lloyd ltd. said that it expected its 2006/7 standalone sales to soar to 37.50 billion rupees, as it looks for more orders from Libya and Saudi Arabia. Sources: AHN Housing construction posts increase in May YAHOO AP - Construction of new homes and apartments, after posting three straight months of declines, increased in May, helped by dry weather. Sources: YAHOO Housing starts rise 5 percent YAHOO Reuters - The pace of U.S. housing construction rose more than expected in May after three months of declines as groundbreaking on both single-family and multifamily units jumped, a government report showed on Tuesday. Sources: YAHOO China construction, factory investment up YAHOO AP - China reported Thursday that the country's spending on construction and factory equipment surged 30.3 percent in January-May over the same period a year earlier, as central bank Gov. Zhou Xiaochuan said economic fine-tuning measures were on the way. Sources: YAHOO China's economy steams ahead despite cooling measures YAHOO AFP - China's surging economy has shown no signs of slowing despite recent cooling measures, with official data showing the trade surplus hitting a record high and inflation picked up in May. Sources: YAHOO Devon pulls US Gulf workers due to storm YAHOO Reuters - Devon Energy Corp. said on Sunday it evacuated construction workers from a deepwater platform in the U.S. Gulf of Mexico because of Tropical Storm Alberto. Sources: YAHOO U.S. service economy grows at slower pace YAHOO AP - The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said on Monday. Sources: YAHOO Home building, manufacturing index dip YAHOO AP - The U.S. economy appears to be shifting into a lower gear with residential construction falling sharply and manufacturing activity slowing. The big question: Will the slowdown come in time to keep inflation from heating up? Sources: YAHOO New Orleans to top US wage growth in 2006: study YAHOO Reuters - Wage growth in New Orleans and Baton Rouge, Louisiana, is expected to far outstrip other U.S. metropolitan areas in 2006 due to a massive increase in construction jobs, according a study released on Friday by the U.S. Conference of Mayors. Sources: YAHOO Sales of new homes up 4.9 percent in April YAHOO AP - Defying forecasts of an imminent slowdown, sales of new homes shot up in April to the fastest sales pace this year. But prices were up only slightly, and the backlog of unsold homes hit a new record. Sources: YAHOO World economy punches towards 3.1 pct growth this year: OECD YAHOO AFP - Industrialised economies are growing at 3.1 percent this year, the OECD said as it warned that the United States may have to raise interest rates further but that the European Central Bank should wait. Sources: YAHOO Jobless Claims Rise Sharply YAHOO AP - The number of new people signing up for jobless benefits rose sharply last week mainly due to the lingering effects of a partial government shutdown in Puerto Rico, which caused worker layoffs. Sources: YAHOO		Other aggregators

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