Beijing was pushed into launching the AIIB by U.S. refusal to give China more clout in existing institutions, Bernanke said. The FT reports.» Read More
Jakarta property prices have more than doubled since 2009, but with a new infrastructure push, the boom might only be getting started, analysts said.
This Saturday, investors will tune in to see if India's Narendra Modi delivers on the reforms he's promised as he unveils the country's annual budget.
Jahangir Aziz, head of EM Asia Economic Research at JP Morgan, says the economic realities of India may prompt the government to refrain from big ticket spending.
Singapore is budgeting $3 billion for a fifth airport terminal before the fourth is even completed, but it isn't clear the travelers will come.
LOS ANGELES, Feb 21- A group of shipping companies and a powerful dockworkers union reached a tentative labor deal late on Friday after nine months of negotiations, settling a dispute that disrupted the flow of cargo through 29 U.S. West Coast ports and snarled trans-Pacific maritime trade with Asia. The White House called the deal "a huge relief" for the economy,...
Guggenheim recently launched an exchange-traded fund concentrating on infrastructure that goes to unusual places.
A total shutdown of West Coast ports could cost the U.S. economy about $2 billion a day, Jay Timmons tells CNBC.
CANADA LABOUR MINISTER SAYS CANADIAN PACIFIC RAILWAY STRIKE IS OVER, NO NEED FOR LEGISLATION.
NEW DELHI, Feb 16- India sealed a nuclear energy agreement with Sri Lanka on Monday, its first breakthrough with the new government of the tiny Indian Ocean island where China has been building ports and highways in a diplomatic push in recent years. Under the deal, India will help Sri Lanka build its nuclear energy infrastructure, including training of personnel,...
Representative Dave Reichert said he planned to introduce a resolution in Congress on Thursday to urge a swift end to the labor dispute that has throttled port activity on the West Coast. Eighty-four members of Congress signed a Jan. 30 letter urging the parties in a labor dispute between dockworkers and shipping lines and terminal operators to resolve...
CNBC's Rick Santelli examines the direction of global rates.
CNBC's Rick Santelli asks WSJ columnist Holman Jenkins, Jr., about the progress of infrastructure funding.
*Queensland vote to halt cash support for coal infrastructure. MELBOURNE, Feb 5- A shock state election result in Australia's coal-rich Queensland state and heightened pressure to protect the Great Barrier Reef have thrown new doubts over plans by Indian firms to build two huge mines. This included money for a rail line and port planned by India's Adani...
LONDON, Feb 3- Sixty business leaders urged Britain's political leaders on Tuesday to commit in their election manifestos to make a swift decision on the controversial issue of London airport expansion. The Conservative-Liberal Democrat coalition that won the 2010 election scrapped the previous Labour government's plans to build a new runway at Heathrow,...
With the right approach, tax reform and infrastructure are possible areas of bipartisan agreement, House Budget Committee Chairman Tom Price tells CNBC.
The corporate "tax holiday" plan to pay for infrastructure projects is supported by Sens. Rand Paul and Barbara Boxer, the Journal says.
Both the government and the private sector need to work actively to narrow the infrastructure gap in East Asia, says Axel Van Trotsenburg, Vice President for East Asia & Pacific at the World Bank.
VANCOUVER, Jan 19- The Canadian government signed an order on Monday blocking the United States from applying controversial "Buy America" purchasing rules on the demolition and reconstruction of a ferry terminal that is located on Canada's Pacific Coast but operated by Alaska's Department of Transportation. The state of Alaska has refused to waive the...
MOMBASA, Kenya, Jan 16- Kenya signed a $270 million loan deal with Japan on Friday to help expand capacity at Mombasa port, a busy facility that is the main trade gateway to east Africa. The port handles fuel, consumer goods and other imports for Uganda, Burundi, Rwanda, South Sudan, Democratic Republic of Congo and Somalia, as well as regional tea and coffee exports.
Sharply lower oil prices are widely hailed as a positive for most Asian markets, but that hasn't slowed fund outflows or raised growth forecasts much.