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 [...]
The Chinese are coming! Investors be aware. Look out for a new bout of Chinese acquisitions, mergers and stock buys in coming months.
We’re getting bullish signals from a number of sources. Xiong Weiping, chairman of Aluminum Corp. of China, the nation’s biggest producer of the aluminum says Chinese companies will step up the pace of [...]
Fortune Smiles on China
Chinese Companies Race To New Highs
It’s more bad news for the U.S. as the latest Fortune 500 global ranking hits the wires. The number of U.S. companies in the top 500 has fallen to just 140. That is the lowest number since Fortune began the list more than fifteen years ago.
As America [...]
