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FX.co ★ Dreams come true for Mickey Mouse and McDonald’s - Gazprom dreams on

Dreams come true for Mickey Mouse and McDonald’s - Gazprom dreams on

Dreams come true for Mickey Mouse and McDonald’s - Gazprom dreams on

Gazprom, Russia’s pride and the symbol of the big Russian heart, has not joined even top-50 of the most valuable public companies of The Financial Times Global 500 ranking. As a rule, dreams have come true, but perhaps, someone is not so longing for the dream, or they are not lucky. Taking into account the readings of the last year, the gas pipeline monopolist has lost 26 ranks and occupies only the 57th place. Analysts assessed the overall capitalization value at $101.4 billion. With such money available, the pipeline owners were able to squeeze between the Walt Disney entertaining corporation and McDonald’s fast-food chain. The top position is still held by Apple, the hi-tech giant; its capitalization has reached $415.7 billion. The second place is given to the runner-up of the last year, ExxonMobil gas and oil corporation; its capitalization has come up to $403.7 billion. The third rank also passes to the American company dealing with investments – Berkshire Hathaway. As for Russian wealth managers, they have not learnt so far how to take advantage of the virtually inexhaustible supplies. Oil company Rosneft took the 81st rank having stepped several lines downwards since last year. The Russian bank system’s highlight, Sberbank, is on 97th place. In early summer, Ernst & Young economists reported that Exxon Mobil left Apple behind in the top list of the largest global majors in terms of capitalization. The market capitalization of Exxon Mobil ran at $402 billion in the first half 2013. Apple’s market cap for the accounting period totals $372 billion. The top three also includes Google, the search company’s owner; its capitalization is $292 billion.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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