China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
Construction and mining equipment manufacturer Caterpillar, Inc. (CAT) said Thursday it will offer to acquire Chinese equipment maker ERA Mining Machinery Ltd. for about 6.9 billion billion Hong Kong dollars or $887 million in order to…
