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  • BEIJING, June 16- China's top economic planner approved a 27.3 billion yuan railway project in the southern province of Fujian, it said on Thursday.

  • Self-Driving Bike PKG

    The Yamaha MotoBot is an autonomous motorcycle-riding robot that can eventually ride up to speeds of 200km per hour. CNBC's Uptin Saiidi reports.

  • TORONTO, June 15- Canada's WestJet Airlines said Wednesday it would consider a slightly larger version of Boeing Co's 737 MAX 7 jet with more seats, as the carrier prepares to take delivery of 65 narrowbodies from the planemaker through 2027.. "We're still working with Boeing on the 737 and the MAX program," WestJet Chief Financial Officer Harry Taylor said in an...

  • NEW DELHI, June 15- India overhauled rules governing the world's fastest-growing aviation market on Wednesday to make it easier for new airlines to fly overseas, aiming to boost air travel and economic growth. Under the policy, domestic carriers will no longer have to operate for five years before they can fly abroad, known as the 5/ 20 rule, although they must still...

  • NEW DELHI, June 15- India has made it easier for the country's airlines to fly abroad as part of the first set of comprehensive rules governing civil aviation which are designed to boost air travel and economic growth. Prime Minister Narendra Modi's government presented the national civil aviation policy, which has been years in the making, as a bid to make flying...

  • NEW DELHI, June 15- Indian Prime Minister Narendra Modi's cabinet approved a new national civil aviation policy on Wednesday, a government source said, sending airline stocks higher. Airlines are divided on the rule change with incumbents like Etihad-backed Jet Airways, InterGlobe Aviation's Indigo Airlines and SpiceJet opposing it. Tata Group's two recent...

  • NEW DELHI, June 15- Indian Prime Minister Narendra Modi's cabinet approved a new national civil aviation policy on Wednesday, a government source said, sending airline stocks higher. Airlines are divided on the rule change with incumbents like Etihad-backed Jet Airways, InterGlobe Aviation's Indigo Airlines and SpiceJet opposing it. Tata Group's two recent...

  • Travis Kalanick, chief executive officer of Uber Technologies Inc.,

    Uber is turning to a new source of cash in exchange for something other than equity. Recode reports.

  • Uber is seen on the iPhone

    Uber is experimenting with a telephone dispatch system which allows people without smartphones to call a hotline for a ride, The Verge reported.

  • Travis Kalanick, CEO, Uber

    Uber may raise up to $2 billion through a type of loan that is given to borrowers who already have substantial debt.

  • PARIS, June 14- The dry bulk shipping industry may not emerge from a protracted downturn for another two years and some smaller firms will be squeezed out, the chairman of France's Louis Dreyfus Armateurs said on Tuesday. Some ship operators had taken heart from signs of a pick-up this year in the Chinese steel sector, but the dry bulk industry needs to be prudent...

  • GOMA, Democratic Republic of Congo, June 14- C hina's Sinohydro and China Railway Group will finance a $660 million hydroelectric plant in southeastern Democratic Republic of Congo which is being built to reduce the copper-mining region's power deficit. Sicomines is the mining side of a $6 billion minerals-for-infrastructure deal signed in 2007, under...

  • Pt 2 MTR Corp Outlook

    Different modes of transportation can be complementary and not necessarily competitors, notes MTR's Lincoln Leong.

  • Pt 1 MTR Corp Outlook

    MTR Corp CEO Lincoln Leong explains the importance of having a fair fare structure in order to upgrade and maintain Hong Kong's rail network.

  • SAN FRANCISCO, June 13- The California Public Employees' Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. Infrastructure- such as roads, bridges, rail, airports, water storage, utilities, and pipelines- has long been favored by...

  • TransCanada said on Monday the Sur de Texas- Tuxpan pipeline project would be built through a joint venture with a unit of Sempra Energy and be backed by a 25- year transportation service contract with Mexico's state-owned power company. Spectra Energy Corp said on Monday its unit won a contract to build and operate a $1.5 billion natural gas pipeline in Texas,...

  • CHICAGO, June 13- CME Group on Monday banned a former Delta Air Lines fuel executive for using accounts owned by his wife to front-run trades subsequently entered in an account controlled by the carrier and for breaking other exchange rules. In addition to the lifetime bans, the exchange operator ordered Jon Ruggles to disgorge profits of $2.8 million and pay a...

  • June 13- Canadian pipeline operator TransCanada Corp said on Monday it will build and operate a $2.1 billion natural gas pipeline in Mexico, as the company continues to ramp up its presence in the Latin American country's large gas market. The company, which also has other existing projects in Mexico, said its investment in the country now tops $5 billion.

  • SAN FRANCISCO, June 13- The California Public Employees' Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. The Indiana Toll Road had been acquired out of bankruptcy in 2015 for about 50 percent more than its original 2006 price...

  • Tesla denies issues with Model S suspensions

    The electric car maker turns down allegations after one of its Model S cars had an unusual amount of rust on a suspension part.

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