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Fragile US economy faces slowdown in building boom

  Bloomberg At a quarry in Bridgeport, Texas, where rock is crushed, sorted and cleaned, it’s hard to tell that the nation’s construction boom may be hitting a wall. Workers maneuver front-end loaders to fill a long line of rail cars and trucks with up to 25 tons of washed stone each. The destination: one of many construction projects that ...

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Hong Kong housing rebound may be short-lived

  Bloomberg Hong Kong’s secondary property prices rose in the second quarter, marking a pause in a correction that analysts said may resume amid higher supply and weaker demand. Secondary property prices advanced 1.6 percent in the three months ended June 30, compared with a drop of 4.8 percent in the prior three months, according to figures released Friday by ...

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Rexel’s new CEO pledges review of 2020 targets

  Bloomberg Rexel SA’s new chief executive officer will review the company’s 2020 targets as partial recoveries in the French construction and oil and gas markets help the electrical-equipment maker meet its goals for this year. The management team will focus on “delivering our 2016 targets, along with reviewing our action plans and updating our 2020 ambitions,” Chief Executive Officer ...

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