Chinese R&D centers of low importance to US firms
The majority of US firms say establishing a Chinese research and development center is of minimal importance compared with other regions, according to a survey by the American Chamber of Commerce in Shanghai. Less than 4% of businesses say China is their most important R&D center, citing factors including poor protection of intellectual property rights. South China Morning Post (Hong Kong) (19 Apr.)
Quarles: 30-year fixed-rate mortgage may not need government guarantee
The 30-year fixed-rate mortgage probably does not need a government guarantee to survive, Randal Quarles, Federal Reserve vice chairman for supervision, said at a Senate banking committee hearing. US Sen. Heidi Heitkamp, however, said, "There are a number of people in smaller or midsized institutions who believe it would be difficult to take a 30-year interest-rate risk without some kind of assurance they could offset that risk." MarketWatch (19 Apr.)
"Fearless Girl" to relocate to outside NYSE
The "Fearless Girl" statue, which stands opposite the "Charging Bull" statue in New York City, will move to a space outside the New York Stock Exchange because its location poses a safety risk, Mayor Bill de Blasio says. "Charging Bull" also might relocate, but no timeline or location has been set, the mayor's office says. The New York Times (tiered subscription model) (19 Apr.)
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