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 Top Chinese banks warn on outlook as profits soar. Show all posts
Showing posts with label Top Chinese banks warn on outlook as profits soar. Show all posts

Top Chinese banks warn on outlook as profits soar

Two of Chinas largest banks reported soaring profits for 2008, defying the global financial storm, but warned that this year could be much more difficult. The Industrial and Commercial Bank of China, the worlds largest bank by market capitalisation, said Wednesday it saw net profits rise 36 percent to 110.8 billion yuan (16 billion dollars) in 2008 from the year before.

Monday, March 30, 2009

Labels

Uncategory

Healths

Downloads

Labels

Followers

Archive

BlogCatalog