METS

Shocker for Caterpillar

GLOBAL industrial equipment manufacturer Caterpillar fell to a fresh 12-month low in New York overnight after its full-year profit guidance showed the intensifying trade war put a blight on optimistic earnings growth prospects.

Henry Lazenby
Shocker for Caterpillar

The Illinois-based company said the ongoing trade war between Beijing and Washington had pushed up steel and aluminum prices and prompted retaliatory action from trading partners. This resulted in US$40...

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