Citigroup tops list of global companies
Afp, New York
A growing number of Chinese firms are now among the leading global corporations, said a Forbes magazine report Thursday that places US banking giant Citigroup in the top spot. Citigroup heads the Forbes list of 2,000 global public companies, ranked on a formula of sales, profits, assets and stock-market value. The list now has 80 companies based in Hong Kong or China, including 16 additions from last year, while the United States has 34 fewer companies compared with last year's rankings. US-based Bank of America was number-two in the global rankings, following by British banking group HSBC, US-based conglomerate General Electric, US banking firm JP Morgan Chase and insurance giant American International Group. ExxonMobil, the US oil giant, was ranked seventh, followed by Royal Dutch Shell, Swiss-based UBS and Dutch-based bank ING.
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