Renmin University has created a renminbi internatioanlization index (RII) to measure the use of the yuan globally. In 2009, the index stood at 0.02%; at the end of September it reached 2.01%. The pound and yen are currently around 4% of the global market and the creators of the index expect the yuan could pass both within the next 5 years, assuming no adverse event changes the trajectory.
21st Century Business Herald: 人民币国际化的下一个5年:赶超英镑日元
GOOG/GOOGL: Blowout Quarter, MSFT: Excellent Quarter As Well
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Google (GOOG/GOOGL) just reported a blowout quarter after the market close
Thursday. Revenue was +15%, Operating Margin surged to 31.6% from 25.0% a
year a...
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