BRASILIA, May 16- Brazil's Congress approved. The reform bill, which may yet change if President Dilma Rousseff decides to veto parts of it, is an effort to make Brazil's clogged, costly and badly managed ports more efficient. That, backers believe, can help restore robust growth to Brazil's once-booming economy.» Read More
Andy Brown, analyst at Panmure Gordon, explains why he keeps his buy stance on Balfour Beatty, despite the company issuing a second profit warning in six months.
BEIJING, April 28- China's Ministry of Railways posted a net profit of 196 million yuan in 2012, up from 31 million yuan in 2011, thanks chiefly to higher revenue in freight transport, a Chinese media outlet reported on Sunday.
The FAA said in a statement on Saturday that it expects staffing to return to normal levels over the next 24 hours. Airports around the country were reporting that flights were arriving and departing on time at 1 p.m. EDT, with the exception of San Francisco, where arrivals were delayed 44 minutes on average because of construction, the FAA said.
WASHINGTON, April 26- Congress' move to quickly end this week's widespread airport flight delays is good news for U.S. travelers, the White House said on Friday, but falls short of broader action needed to address wider across-the-board spending cuts that took effect last month.
The nonpartisan agency, which analyzes policy for Congress, said that to bring the trust fund for highway and transit projects into balance in 2015 lawmakers could reduce spending obligations to $4 billion from $51 billion. She added that Congress could also combine smaller spending cuts with a slimmer tax hike.
WASHINGTON, April 19- The top U.S. airline industry group on Friday said it filed legal action to prevent the Federal Aviation Administration from furloughing air traffic controllers, a move that could cause delays of over three hours at major airports. The FAA said it could not comment on pending legislation.
The FAA plans to cut control-tower staffing by 10 percent at Atlanta, Chicago, Los Angeles and other busy airports starting on Sunday because of mandatory budget reductions required under so-called sequestration.
Darren Schuringa, managing partner at Yorkville Capital, explains why the U.S. energy boom provides a lot of opportunities, especially in infrastructure assets which offer very good returns.
Paul McNamara, investment director at GAM, explains that the Chinese government has a lot more scope to deal with economic troubles and that a full-scale crisis in the country is highly unlikely.
Andre Loesekrug-Pietri, chairman and managing partner at A Capital, explains why urbanization is the Chinese "mega trend" and that it offers a lot of opportunities.
James Kynge, principal of China Confidential at the Financial Times, says the disappointing Chinese quarterly growth is a "blip", as funding for construction projects and fixed asset investments remain very strong.
Brett Himbury, CEO of Industry Funds Management says the company's deal to acquire two ports in Australia should deliver good revenue growth with expectations for trade activity to pick up.
Rotana CEO Selim El-Zyr discusses business opportunities in Iraq and Iran, both of which he says have "huge untapped potential".
Indonesia is seeking investors for $9 billion worth of water, road, air and seaport projects in what will be a litmus test of Southeast Asian countries' ability to seize on ripe financial conditions to upgrade decrepit infrastructure.
Cesar Purisima, finance secretary of the Philippines, tells CNBC that the country's credit rating upgrade by Fitch is a "landmark achievement" and says the government will now focus more on infrastructure, fiscal strength and opening up the economy to the rest of the world.
*Senate plan shields waterway engineering work from cuts. The Army Corps of Engineers, best known for its flood-protection role in hurricane-prone areas such as Louisiana, is also responsible for keeping the nation's ports and rivers open for cargo traffic.
Ed Balls, shadow chancellor, Labour Party, says the UK economy has flatlined and the budget should have gone further on housing and infrastructure investment.
A new report gives U.S. infrastructure a D+, which is actually a slight improvement from its grade in 2009. Former Gov. Ed Rendell (D-PA) provides perspective.
When it comes to maintaining and investing in infrastructure, America is seeing some progress, but still not making the grade.
Andrew Charlesworth, fund manager at JLIF discusses his company's results and the government's support for infrastructure, which he hopes to see reaffirmed in the coming Budget.