Caterpillar Profit Beats Estimates as Pricing Offsets Sales Dip
Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from a year earlier and warned that the trend is expected to continue in its second quarter.
Caterpillar Inc. reported first-quarter results that showed machinery sales slipping from a year earlier and warned that the trend is expected to continue in its second quarter.
Turkey’s central bank kept interest rates unchanged, pausing a month after surprising markets with a big hike and delivering additional tightening since then.
American Airlines Group Inc. expects a return to profit heading into the busy summer travel season after bad weather and delays linked to air traffic congestion weighed on the carrier’s early-year results.
Bombardier Inc. reported a first-quarter profit of US$110 million, down from a profit of US$302 million a year earlier, as its revenue fell 12 per cent.
Banks in the UK may be facing significant losses in the coming years as the value of their assets is eroded by nature-related shocks such as water scarcity and pollution.
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