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Infrastructure

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  • Premature for BOT to cut rates now: Expert  Tuesday, 16 Dec 2014 | 10:24 PM ET

    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.

  • China’s top five macro themes next year: HSBC Tuesday, 16 Dec 2014 | 5:49 PM ET

    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.

  • Senate OKs tighter Internet sales tax collection Thursday, 11 Dec 2014 | 4:39 PM ET

    LANSING, Mich.— Amazon and other online retailers with ties to Michigan would have to collect its 6 percent sales tax on purchases under legislation approved Thursday by a divided Senate. It won approval on a 21-16 vote in the GOP- controlled Senate, picking up support from 11 Democrats and 10 Republicans. The bills could raise in the ballpark of $50 million a year...

  • Sweeney wants more money for local roads, bridges Thursday, 11 Dec 2014 | 1:27 PM ET

    TRENTON, N.J.— Senate President Steve Sweeney is renewing calls for New Jersey to roughly double the share of money local governments receive for road and bridge projects. Sweeney detailed his plan during a news conference Thursday at the statehouse, speaking alongside members of the New Jersey Association of Counties, League of Municipalities and AAA.

  • Congress told US lags other nations on drones Wednesday, 10 Dec 2014 | 10:17 AM ET

    The Federal Aviation Administration bars all commercial use of drones except for 13 companies that have been granted permits for limited operations. Several European countries have granted commercial permits to more than a 1,000 drone operators for safety inspections of infrastructure, such as railroad tracks, or to support commercial agriculture,...

  • Port Authority approves $7.8 billion budget Wednesday, 10 Dec 2014 | 5:29 AM ET

    JERSEY CITY, N.J.— The Port Authority of New York& New Jersey approved a 2015 budget Wednesday that the agency said holds operating expenses at or below the rate of inflation for the ninth year in a row but was criticized for not allocating enough money to replace New York's aging bus terminal. The Port Authority on Wednesday said the proposed $7.8 billion budget...

  • Wall Street banks making huge bet on this Tuesday, 9 Dec 2014 | 11:19 AM ET

    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.

  • Phase out gas tax: Pethokoukis  Monday, 8 Dec 2014 | 2:15 PM ET

    Debating whether the gas tax should be raised, with CNBC contributor James Pethokoukis and Ed Rendell, former Governor of Pennsylvania.

  • Transportation head: Maintenance money is priority Monday, 8 Dec 2014 | 1:34 PM ET

    CONCORD, N.H.— Lawmakers must fix a deficit in the state's highway fund to keep roads and bridges safe for drivers, outgoing Department of Transportation commissioner said. There isn't a longer dwell time between now and the next election to come together and say we know we have an issue with the highway fund, " Chris Clement said in an interview with The Associated...

  • Justices seem divided over Amtrak regulatory role Monday, 8 Dec 2014 | 12:27 PM ET

    WASHINGTON— Supreme Court justices exchanged conflicting viewpoints Monday on whether Amtrak had the legal authority to help craft federal regulations over the use of railroad tracks. The American Association of Railroads, which represents the freight railroad industry, says it's unconstitutional for Congress to give a private company the power to...

  • Obama talks taxes, oil and more  Thursday, 4 Dec 2014 | 8:04 AM ET

    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.

  • Pres. Obama: Votes on gas tax really tough  Wednesday, 3 Dec 2014 | 12:26 PM ET

    President Obama responds to wide concern over deteriorating US infrastructure of highways and bridges, and whether there's an opportunity for bipartisan success.

  • CAT CEO's simple math: 3% growth equals jobs  Wednesday, 3 Dec 2014 | 6:53 AM ET

    Doug Oberhelman, Caterpillar chairman & CEO, explains how infrastructure and education can drive growth and create jobs.

  • 35 new cities join 100 Resilient Cities network  Wednesday, 3 Dec 2014 | 12:23 AM ET

    Michael Berkowitz, President at 100 Resilient Cities, a $100 million project, describes challenges faced by Asian heavyweights India and China in managing infrastructure.

  • Time to hike gas tax?  Tuesday, 2 Dec 2014 | 8:32 AM ET

    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.

  • Pro: Early stages of global infrastructure build  Wednesday, 26 Nov 2014 | 3:29 PM ET

    Topping the benchmark, Josh Duitz, Alpine Funds, explains why investors should own infrastructure plays around the world via AIFRX.

  • Who benefits from Indonesia's fuel subsidy cut?  Monday, 17 Nov 2014 | 10:44 PM ET

    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.