Stocks are a share of the ownership of a company. If the company does well, or even if everyone thinks the company is going to do well, the price of the stock goes up. In addition, many companies give a little dividend payment each year to the stockholders, which provides extra value.
Showing posts with label Chinalco. Show all posts
Showing posts with label Chinalco. Show all posts

Chinalco considering revising Rio deal

China's Chinalco is planning to revise a 19.5-billion-dollar bid for part of Rio Tinto after the Anglo-Australian mining giant's share price soared, state media reported. Xiong Weiping, president of the Chinese state-owned firm, told Caijing magazine: "The market has definitely undergone changes. We will study the current situation with Rio Tinto accordingly."

Thursday, May 28, 2009

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