24 July 2019 - 18:41Caterpillar excavator machines at a factory in Gosselies, Belgium. Picture: REUTERS/Eric Vidal
The company, a proxy for global economic activity, benefited in the past year from the strongest global growth since 2010. However, a tariff war between the US and trade partners including China, has sapped business confidence, dampening economic activity. Andrew Bonfield, Caterpillar’s CFO, said the company saw a $70m tariff bill in the quarter and higher labour and restructuring costs. Weak sales of machines at its high-margin energy and transportation business also weighed on overall profits, he said.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Mondi expects higher interim earnings after prior period’s impairmentsPackaging and paper group incurred extraordinary expenses of €81m as it restructured its operations
더 많은 것을 읽으십시오 »
AVI says earnings fell in the year to end-JuneThe consumer goods group, which wrote down the value of shoe business Green Cross, says SA’s economic malaise is taking its toll
더 많은 것을 읽으십시오 »
AVI says earnings fell in the year to end-JuneThe consumer goods group, which wrote down the value of shoe business Green Cross, says SA’s economic malaise is taking its toll
더 많은 것을 읽으십시오 »