Global investors should ensure they are Fed-ready
Global investors should ensure they are ‘Fed-ready’ before mid-December, according to the CEO and founder of financial advisory firm, deVere, Nigel Green. Green is speaking out as it looks increasingly certain that the US Federal Reserve will hike interest rates for the first time in nine years in December.
Stronger than expected US employment data in October fuelled expectation that a move from near-zero rates will take place next month. The world's largest economy added more than a quarter of a million jobs in October.
Mr Green observes: “The probability of a 2015 rate hike has been the source of much rumour and speculation for more than a year. But most of that is now over, thanks to the recent robust job numbers and a reported 2.5 per cent increase in wage growth in the previous 12 months. We’re as confident as we can be that the Fed will tighten policy on 17 December.”
Asia tops corporate R&D spend table
Asia has become the top destination for corporate R&D spend in 2015, according to the 2015 Global Innovation 1000 Study by PricewaterhouseCooper’s strategy consulting business.
The research places Asia ahead of North America and Europe, who dropped to third, in a complete reversal from 2007 when Europe was the previous leader.
Key findings of the study:
- China and India lead dynamic R&D growth in Asia region, driven by imported R&D from the US
- Europe suffers lag in domestic and imported R&D, and significant increase in exported R&D, particularly by France and Germany
- The US remains the largest country location for the conduct of corporate R&D, representing the net of domestic, imported and exported R&D.
The report examined the R&D footprint of 207 of the world’s largest corporate R&D spenders.
Funding available for UK-China R&D projects
UK businesses are being invited to partner with Chinese companies on R&D projects that meet challenges in energy, healthcare, urbanisation and agri-food.
Innovate UK, Research Councils UK and the Ministry of Science and Technology (MoST) for the People’s Republic of China are to invest up to £16 million in collaborative research and development projects that propose commercial solutions to critical challenges affecting socio-economic growth and the development of China.