Source Pravda.Ru

Russia's Sberbank treads on Apple's heels

The Economist placed Russian Sberbank second on the list of the companies whose stock yielded the highest returns over the last decade. According to the magazine, $100 invested in the shares of the Russian bank 10 years ago today would yield $3,722 dollars. Only Apple has a higher yield.

According to the experts, an investor who invested $100 in the shares of American corporation Apple in February of 2002 now enjoys revenues of $3.9 thousand dollars. The same amount of investment in the securities of Sberbank has yielded $3.7 thousand dollars. "FederalPress" noted that the increase in the value of shares of the credit institution is not the only way to make money. The net profit for dividend payments over the past 10 years has increased from 6 percent to 12 percent, according to "Rossiyskaya Gazeta".

ConocoPhillips and Amazon took the third and fourth place, respectively, with the yield index slightly over $1.3 thousand dollars. The top ten most profitable companies include two Chinese companies - Petrochina and China Petroleum, two Brazilian ones - Vale and Banco do Brasil, a Mexican telecommunications holding America Movil and the Indian Oil and Gas ONGC.

Anti-leaders whose shares fell short are Barclays, UBS, Bank of America, Citigroup, Royal Bank of Scotland and Allied Irish Banks, the American and German insurers AIG and Allianz, and Mitsubishi and the Japanese mobile operator NTT DoCoMo, noted the compiler of the rating The Economist.

 

 

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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