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big Mac
’The ‘burgernomics’ of yen appreciation
Remember the Big Mac Index, created – half in jest – by the Economist back in 1986 to measure purchasing power parity between countries, and named after McDonald’s eponymous best-selling burger?
Since then,
Yuan-ted: McDonald’s new bond
Two global titans — one of fast food and one of the world economy — have teamed up in the debt market. For, McDonalds has become the first foreign corporate to issue a renminbi-denominated bond.
The Thursday press release from offer manager Standard Chartered:
Crude over $71, or 20 Big Macs
Crude futures are racing higher on Wednesday. The ascent has much to do with a continuing slide in the dollar, unexpectedly large crude draws in the last week according to figures from the American Petroleum Institute on Tuesday night,