Transportation Infrastructure

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  • President Barack Obama delivers his State of the Union speech before a joint session of Congress on Feb. 12, 2013, in Washington.

    Even in this time of partisan rancor, there is one issue that unites Democrats and Republicans, say Robert Bennett and Dan Glickman.

  • SYDNEY, March 10- Australia passed legislation on Thursday to enable the longterm lease of its largest shipping container terminal, the Port of Melbourne, freeing up privatisation plans to move ahead after months of political headwinds. Investors from China to Qatar are flocking to Australian infrastructure because it is seen as well-regulated and...

  • *Yemen depends on imports of food by sea. LONDON/ ABU DHABI, March 4- Banks have cut credit lines for traders shipping food to war-torn Yemen, where ports have been battlegrounds and the financial system is grinding to a halt, choking vital supplies to an impoverished country that could face famine. "Western international banks no longer feel comfortable...

  • WASHINGTON, Feb 26- U.S. House Republicans on Friday insisted that a six-year bill to fund the Federal Aviation Administration and privatize U.S. air traffic control had not been killed despite a decision to move forward instead with a short-term funding measure. The legislation was approved by the House Transportation and Infrastructure Committee on Feb. 11...

  • Capital is leaving developing countries: Jim Yong Kim

    Jim Yong Kim, president of the World Bank, talks about the importance of getting capital and finance into emerging and developing economies.

  • UNITED NATIONS, Feb 9- A U.N.-blacklisted North Korean shipping company continues to evade sanctions through its use of foreign-flagged ships, name changes and other means of obfuscation, according to a new report by United Nations monitors. The U.N. Security Council's Panel of Experts on North Korea, which monitors implementation of sanctions on Pyongyang,...

  • Prime Minister David Cameron could reach a deal over Britain's ties with the European Union at a summit later this month, paving the way for a public vote on membership of the bloc as soon as June. Transport Minister Patrick McLoughlin said he did not think a June referendum would derail the current timetable for deciding on expanding either Heathrow, Britain's...

  • President Barack Obama will launch a long-shot bid next week to impose a $10- a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday. "By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the...

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

  • 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 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,...

  • 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

    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

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