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  • SYDNEY, March 15- Shares of Australian port operator Qube Holdings Ltd and Asciano Ltd were suspended on Tuesday, after Qube said it would soon make a "significant" announcement about an acquisition following after a months-long bid against Canada's Brookfield Asset Management Inc to buy Asciano. But on Feb. 24 Qube said it wanted to end the bidding war with...

  • New NYC buses offer free Wi-Fi, USB ports

    The MTA will replace 40 percent of its fleet with an updated version in the next five years.

  • March 10- A jet fuel pipeline that supplies to the John F. Kennedy airport ruptured in east New York on Thursday, potentially affecting fuel supply to the airport. At this point, it is not clear if it is a fuel or natural gas pipeline that has been affected, "a spokesman for the Port Authority of NY& NJ said. The rupture on the pipeline operated by Buckeye Partners LP...

  • 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...

  • NJ Transit strike looms to paralyze NYC commute

    New Jersey Transit workers set a strike deadline of March 13, threatening a shut down of a major commuter network.

  • The arrangement, in the works after the Cold War foes said they would normalize ties in Dec. 2014, allows 20 round-trip flights per day from the United States to Havana and 10 round-trip flights per day to nine other airports in Cuba. American Airlines Group Inc, which has the widest Latin America network of its peers, asked for 10 daily flights to Havana from its...

  • BRASILIA, March 1- The loss of Brazil's investment grade credit rating will have little effect on foreign investment in upcoming road, railway and airport concessions, Deputy Transportation Minister Natalia Marcassa told Reuters on Tuesday. She said Russian and Chinese companies are particularly interested in the construction of new railways to...

  • LONDON, Feb 29- Oman aims to expand shipping and trade links with Iran and get ahead of rivals after the lifting of international sanctions on Tehran, leading port officials involved say. The United Arab Emirates previously enjoyed greater shipping activity with Iran but Oman's nearby Sohar port is looking at expanding ties. Oman could also benefit from a spat...

  • Container ship in Suez Canal, Egypt.

    The low price of oil is allowing cargo vessels to avoid the Suez and Panama canal tariffs and take the long way round Africa instead.

  • ‘Confident’ we can get more A380 orders: Airbus

    Airbus Group CEO Tom Enders says the company is picking up its pace on aircraft deliveries while discussing the company’s latest earnings report.

  • Low oil is huge benefit for airline industry: CEO

    Airbus Group CEO Tom Enders says the company is receiving a “healthy” demand in aircraft orders, as business comes to terms with a low oil price.

  • Would Airbus oppose Honeywell, UTX merger?

    Airbus Group CEO Tom Enders weighs in on the potential merger talks between Honeywell and UTX.

  • ISTANBUL, Feb 23- Kurdistan's oil exports to world markets are set to be suspended for a second week running, a shipping source said, a move that will deprive Iraq's semi-autonomous region of its main revenue stream as the security situation in southeast Turkey worsens. The pipeline to the Turkish port of Ceyhan from fields in Iraq's north, which carries around...

  • TOKYO, Feb 23- Japan will likely refrain from loading oil at Iranian ports in March because of the impending expiry at the end of next month of special shipping insurance cover provided by the government, industry and government officials said. Japan has kept the oil trade with Iran going through a special government insurance programme that gives about $8...

  • India sends troops to squash protests

    Authorities sent thousands of soldiers and paramilitary forces to northern Haryana state on Sunday.

  • FRANKFURT, Feb 22- German industrial group Siemens is stepping up its efforts to win projects in Iran, after its chief executive met Iran's oil minister and other government representatives in Tehran on Monday. Siemens stopped doing new business in Iran in 2010 but last month signed deals to work on Iran's railway infrastructure worth up to 1.5 billion euros in...

  • ATHENS, Feb 18- Greece has pushed backed the deadline for binding bids to build and operate a new airport on the island of Crete by about two months to May 6 to give investors more time to prepare offers, an infrastructure ministry official said on Thursday. Greece is one of Europe's top tourist destinations and Kasteli, a 850- million-euro build and operate...

  • *Brookfield to offer A $9.05 bln in cash vs Qube's A $9 bln. *Brookfield to bring on Qatar, Canada funds. Asciano, owner of Australia's largest rail freight network with ports in every state, on Tuesday formally dumped a stand-alone bid from Brookfield worth A $8.9 billion in favour of a A $9 billion offer from Australian port company Qube Holdings Ltd..

  • A Boeing 737 MAX sits outside the hangar during a media tour at the Boeing plant in Renton, Washington.

    Boeing is expecting strong orders from Asia over the next 20 years, with few order deferrals on the horizon, the aircraft makers' Asia chief said.