Saturday, July 31st, 2010

Sinopec Doubles Profits!

About: (SNP, CEO, PTR, )

As China’s voracious oil demand continues to soar and vehicle sales roar past the ten million mark, Sinopec (SNP) is reaping the benefits.
China Petroleum & Chemical Corp., or Sinopec, posted third-quarter net profit more than double year-earlier levels, beating out rivals Cnooc Ltd. (CEO) and PetroChina (PTR). Sinopec expects [...]

A Look At A New China ETF
About: (YAO, CEO, LFC, PTR, GXC, TAO, HAO, CEO, ICBC, CNOOC, GXC)

The Claymore/AlphaShares China All-Cap ETF (YAO) commenced trading on Monday, joining 10 other China-focused ETFs currently trading in the U.S., including two from Claymore. AlphaShares created an underlying index of companies from mainland China [...]