Skepticism is growing over a $50 billion project to build a canal across Nicaragua, a project spearheaded by a little-known Chinese businessman.» Read More
DENVER— Colorado's economy has been on an upswing, and government officials are getting more comfortable asking the state for help with their funding needs after years of budget cuts. But more revenue means Colorado is required to start giving refunds to taxpayers, rekindling a decades-old debate over how much money state government should be allowed to keep...
*Aim to keep pressure on Russia over Ukraine. BRUSSELS, Dec 18- The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports. EU leaders, who meet in Brussels later on Thursday, will pledge to keep up pressure on Russia over its role in...
LANSING, Mich.— Michigan voters would be asked to approve a sales tax increase as part of a $1.6 billion deal struck Thursday by Gov. And $11.8 billion in annual school funding would jump by at least $300 million, the equivalent of $200 per student. Michigan spends less per driver on roads than any other state.
Rick Snyder and legislative leaders failed Wednesday to negotiate a potential tax increase to improve Michigan's deteriorating roads, as chances of a $1.2 billion deal dwindled before lawmakers adjourn for the year. The Senate and House approved vastly different plans after the November election. The Senate plan would more than double the 19- cents-...
Unless there are further delays to the government's infrastructure projects, a rate cut by the Bank of Thailand on Wednesday will surprise markets, says Paul Gambles, Co-Founder of MBMG Group.
With disappointing economic data chasing China into the new year, HSBC is cutting its growth forecasts, citing five key themes for the economy.
LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...
"I'm not one who often calls for regulation," Tony Tyler, director general of the International Air Transport Association, said in an interview on the sidelines of the organization's global media day. Tyler's concern comes amid growing reports of dangerous drone flights at airports, stadiums and military bases in the United States and elsewhere.
Some of Wall Street's biggest players are ready to write billion-dollar checks to finance a nearly $16 billion Gulf Coast natural-gas project.
Debating whether the gas tax should be raised, with CNBC contributor James Pethokoukis and Ed Rendell, former Governor of Pennsylvania.
Steven Rattner, Willett Advisors chairman, shares his thoughts on President Obama's remarks on Wednesday to top executives about tax reform, infrastructure investing, oil's slide and the fallout of gridlock.
President Obama responds to wide concern over deteriorating US infrastructure of highways and bridges, and whether there's an opportunity for bipartisan success.
Doug Oberhelman, Caterpillar chairman & CEO, explains how infrastructure and education can drive growth and create jobs.
Michael Berkowitz, President at 100 Resilient Cities, a $100 million project, describes challenges faced by Asian heavyweights India and China in managing infrastructure.
Grover Norquist, Americans for Tax Reform, and former Gov. Ed Rendell, (D-Pa.), debate whether now is the right time to raise the Federal gas tax in order to finance the rebuilding of the nation's crumbling infrastructure.
Topping the benchmark, Josh Duitz, Alpine Funds, explains why investors should own infrastructure plays around the world via AIFRX.
Sarina Lesmina, Head of Research for Indonesia at CLSA, says the cut in fuel subsidies will likely boost infrastructure, which will benefit cement producers and the construction sector.
Michel Sapin, Finance Minister of France, says investments in infrastructure will enable the country to stimulate and "deeply modernize" its economy.
The promotion of global growth, along with an infrastructure initiative, will be top priorities at the G-20 Summit, says Steve Ciobo Parliamentary Secretary to the Treasurer, Australia.
China's economic risks may keep market watchers up at night, but at least one analyst believes the bugbears are reasons to be bullish.