By Pattrick Smellie Sept. 23 (BusinessDesk) – Christchurch City Council is rolling out the welcome mat for Guoxin International Co, one of China’s largest infrastructure development companies, which is committing to raise a US$2 billion fund for investment projects in the city as it enters the mature phase of its post-earthquake reconstruction. While the letter of cooperation and friendship signed between Guoxin …

By Margreet Dietz Sept. 22 (BusinessDesk) – Wall Street rose along with equities in Europe, though gave up some of its earlier gains as shares of drug makers dropped on a tweet by Hilary Clinton that she will detail a plan to curb “price gouging.” Adding to rate hawks, US Federal Reserve Bank of Atlanta President Dennis Lockhart said he …

By Pattrick Smellie Sept. 21 (BusinessDesk) – Prime Minister John Key has given a guarded view of New Zealand’s chance of striking the “high quality” deal it has always sought in the 12 nation Trans-Pacific Partnership trade and investment negotiations, saying that “at least it will be the very best we can do.” International reports suggest a final ministerial meeting will …