<div id="subtitle">Swedish builder Skanska to cut 3,400 jobs due to weakening in Nordic construction market</div><div><p>Skanska AB, the Nordic region's biggest construction group, said Tuesday it will slash 3,400 jobs, or almost 6 percent ...

<div id="subtitle">Swedish construction group Skanska says 3Q profit fell slightly, reviewing cost savings</div><div><p>Swedish construction firm Skanska AB on Tuesday reported a 3 percent drop in third-quarter net profits, mainly from lower sales and higher interest costs ...

<div><p>Kuwait's Oil Minister Mohammad al-Olaim said the ministry has so far signed "letters of intent" rather than full contracts for five foreign oil majors which won the bidding to build a 15-billion-dollar oil refinery.</p><p>"We have not ...

<div id="subtitle">Construction spending fell in May as a further slump in housing offset strength elsewhere</div><div><p>Construction spending fell in May for the 11th time in the past year as a continuing slump in housing offset strength in ...