Transportation Infrastructure


  • The $10- per-barrel fee is expected face solid opposition from Republicans who control Congress and oppose new taxes and Obama's energy policies. The White House said the $10 fee would be phased in over five years. The White House said the tax would provide for the long-term solvency of the Highway Trust Fund to ensure the nation maintains its infrastructure.

  • COLUMBUS, Ohio— The Columbus airport is joining its counterparts nationwide in training employees to recognize signs of human trafficking in an effort to curb exploitation. Beginning this month, all 400 employees at Port Columbus International Airport will view a 30- minute video on spotting signs of trafficking. The awareness campaign in Columbus joins...

  • China's five options to boost growth: HSBC Tuesday, 2 Feb 2016 | 1:13 AM ET

    China's policymakers still have ammunition to counter the mainland's slowing economy, including supply-side reforms and subsidized housing, HSBC said.

  • Swiss 1MDB probe: $4B possibly misappropriated Saturday, 30 Jan 2016 | 3:40 AM ET
    The 1MDB logo is seen on a billboard at the funds flagship Tun Razak Exchange under-development site in Kuala Lumpur on July 3, 2015.

    A Swiss criminal investigation into state fund 1MDB found about $4 billion appeared to have been misappropriated from Malaysian state companies.

  • Future income tax cut added to Indiana road funding plan Thursday, 28 Jan 2016 | 10:25 AM ET

    INDIANAPOLIS— Hoping to entice Indiana Senate Republicans to support a roads funding plan that boosts gas and cigarette taxes, a House committee on Thursday added a proposal to cut the state's income tax rate by 5 percent over the next eight years. The House Ways and Means Committee voted 14-7 to advance the plan to the full House. Mike Pence and conservative...

  • China's megadeals definitely don't spell 'doomsday' Sunday, 24 Jan 2016 | 8:29 PM ET
    Mechanics check a high-speed train at Xi'an Electric Multiple Unit Maintenance Base

    China's flurry of trade and intrastructure pacts, plus $9B in private-sector deals within a few weeks, looks far from unhealthy.

  • WASHINGTON, Jan 22- Nearly 300,000 recreational drone owners have registered their unmanned aircraft in a new federal database intended to help address a surge of rogue drone flights near airports and public venues, U.S. regulators said on Friday. The Federal Aviation Administration said 295,306 owners registered in the 30- day period after the registry was...

  • Michigan governor on Flint water: 'I let you down' Wednesday, 20 Jan 2016 | 1:29 PM ET
    Michigan National Guard Staff Sergeant William Phillips of Birch Run, Michigan, helps Flint resident Amanda Roark and her son Dash take bottled water out to her vehicle after she received it at a Flint Fire Station January 13, 2016 in Flint, Michigan.

    Michigan Gov. Rick Snyder committed $28 million more to pay for filters, bottled water, school nurses, testing and monitoring.

  • AMSTERDAM, Jan 20- A new European airline association launched on Wednesday wants the European Union to reform its regulations to bring down the cost of using airports in the region and to tackle air traffic control strikes that typically occur each summer. Airlines for Europe, or A4E, was founded by Europe's five largest carriers IAG, Air France-KLM, easyJet,...

  • New European airline lobby group wants EU airport fees cut Wednesday, 20 Jan 2016 | 11:30 AM ET

    AMSTERDAM, Jan 20- A new European airline association launched on Wednesday wants the European Union to reform its regulations to bring down the cost of using airports in the region. Airlines for Europe, or A4E, founded by IAG, Air France-KLM, easyJet, Lufthansa and Ryanair, said a new study showed that charges at the largest 21 European airports have risen 80...

  • Energy companies need a 15-20 year outlook: CEO Wednesday, 20 Jan 2016 | 2:20 AM ET
    Energy companies need a 15-20 year outlook: CEO

    Francesco Starace, CEO of Enel, discusses the need for a long-term outlook in order to start big investments and says Europe is in a waiting mode.

  • Jan 14- China's state-run oil refiner Sinopec Corp has purchased its first ever batch of U.S. crude oil for export, a source told Reuters on Thursday, a landmark transaction after the ending of a four-decade ban on domestic exports. The cargo, due to be loaded from a Gulf Coast port in March, may mark the start of a sustained flow of U.S. oil to China, the world's...

  • Aussie 'doom and gloom' fears are overdone: CLSA Tuesday, 5 Jan 2016 | 7:43 PM ET
    Aussie 'doom and gloom' fears are overdone: CLSA

    Australia's economy will perform moderately this year, as the country rebalances away from resources, says Scott Ryall, head of Australia research at CLSA.

  • HAVANA, Jan 4- Virginia's port authority will become the first U.S. port operator to sign a cooperation agreement with its Cuban counterpart, in an effort to increase trade and establish direct service with Cuba, Virginia's governor said on Monday. "As Cuba and the United States normalize relationships, we'd like to see the Cuban companies establish Virginia as...

  • Iranian hackers claim responsibility behind New York dam attack

    SOBH Cyber Jihad says they breached a dam control system in 2013

  • Sri Lanka’s delicate dance with China Wednesday, 23 Dec 2015 | 9:56 PM ET

    Sri Lanka is keeping close ties with China even as it attempts to "reinterpret" sometimes poorly managed deals, the island-nation's finance minister said.

  • Refugees give push to German construction boom Wednesday, 23 Dec 2015 | 5:27 AM ET
    A woman stands behind a gate as she waits with other migrants and refugees to enter a registration camp, after crossing the Greek-Macedonia border.

    A company is being flooded with orders for its pre-fabricated homes to house some of the one million asylum seekers flooding into Germany.

  • Cost to fix bridges? Not bad as you think Monday, 21 Dec 2015 | 4:41 PM ET
    Cost to fix bridges? Not bad as you think

    CNBC's Eric Chemi reports all bridges are created equal in the United States.

  • The Prime Minister had promised to say by the end of the year whether he backed a 23- billion-pound runway at Heathrow Airport after a 3- year independent review named the site in densely populated west London as the preferred location. A delay by around six months mean the final decision can now be made after a London mayoral election in May, where the...

  • This energy investment will bounce in 2016: Trader Monday, 7 Dec 2015 | 3:32 PM ET
    An oil pump jack in the oil town of Gonzales, Texas.

    Energy infrastructure MLPs are improving cash flow and paying out attractive dividends, Rob Thummel said.