According to a 36-page academic research report by the Peterson Institute for International Economics, China has moved closer to its long-term goal for its currency, the renminbi (RMB), to become a global reserve currency.

FORBES: China Taking Asia Further From Dollar, Even Further From Euro

America's top economic-research institute publishes new academic papers on its website every week, long before they are picked up by economic journals.

ECONOMIST: Economics on the net

En Li, a Shanghai-born biologist with a long track record of academic papers and research at major American institutions, will head Novartis's new research institute.

ECONOMIST: Novartis