Obama woos foreign pension funds

Hannah Brenton reports on a US tax exemption to attract infrastructure investment

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In a speech in the late March sun at Port Miami in Florida, US President Barack Obama appealed for private sector investment into the country's creaking infrastructure.

He unveiled details of a ‘partnership to rebuild America' to rejuvenate ports, rail lines, road and bridges and bring jobs and investment back to the economy. "It's a partnership with the privat...

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