Marubeni Corp

Japanese resources company Marubeni Corp will pull out of the Thabametsi South African coal plant project, the Japanese group told Reuters on Wednesday, following the withdrawal of some South African investors this week.

Marubeni Corp's Chief Executive Officer (CEO) said on Monday it is increasingly difficult to sell stakes in coal-fired power plants due to growing criticism of the power stations which emit high levels of carbon dioxide.

Japan's Marubeni Corp <8002.T> has started communication with its new shareholder Berkshire Hathaway Inc <BRKa.N> and plans to talk with the U.S. firm about business collaborations that would bring mutual benefit, its CFO said on Wednesday.

Britain's Infinite Power said on Wednesday it had signed a letter of intent with Japan's Marubeni Corp and Germany's Framatome to provide uninterruptible power in nuclear energy facilities.

Britain's Infinite Power said on Friday it has signed a letter of intent with Marubeni's Nuclear Fuel Dept of Japan to seek potential markets to use the firm's power cell technology in Japan.

Marubeni Corp <8002.T> said on Thursday it expects a net profit of 100 billion yen ($942 million) in the financial year through next March, a turnaround from a record loss of 197.5 billion yen posted this year due to the coronavirus crisis and a slump in oil prices.

Japanese trading house Marubeni Corp <8002.T> plans to reduce fresh investments in the year to next March and prioritise debt repayments to improve its financial health, the company's Chief Executive Officer Masumi Kakinoki said on Thursday.

Japanese trading house Marubeni Corp plans to reduce fresh investments in the year to next March and prioritise debt repayments to improve its financial health, the company's Chief Executive Officer Masumi Kakinoki said on Thursday.

Marubeni Corp said on Thursday it expects a net profit of 100 billion yen ($942 million) in the financial year through March, a turnaround from a loss of 197.5 billion yen posted this year due to the coronavirus crisis and a slump in oil prices.

Japanese trading company Marubeni Corp <8002.T> said on Monday it had completed the acquisition of a U.S. aircraft lessor Aircastle Ltd, making the purchase when the airline industry is in crisis due to the global coronavirus pandemic.

Japanese trading company Marubeni Corp <8002.T> on Wednesday predicted a record net loss of 190 billion yen ($1.7 billion) for the year ending March, as the coronavirus outbreak drives an unprecedented oil price slide and falls in other commodities.

Japanese trading company Marubeni Corp said on Wednesday it now expects a full-year net loss of 190 billion yen ($1.7 billion) after the coronavirus outbreak led to a deterioration in the global business environment.

When Japanese conglomerate Marubeni <8002.T> booked a loss of 3.9 billion yen ($35 million) at its U.S. grain trader Gavilon in November, it blamed adjustments for "inappropriate transactions" with Italy and Spain.

Japanese trading house Marubeni Corp <8002.T> on Wednesday cut its full-year net profit forecast by 17% due to a one-off loss on its energy assets and lower profits from U.S. agri-business in the wake of a prolonged U.S.-Sino trade war.

Japanese trading house Marubeni Corp sees limited direct impact on its businesses from the coronavirus in China, but its spread may weigh on the global economy, commodities and the company's earnings if it lasts a long time, its chief financial officer said on Wednesday.

Marubeni Corp and its partners have signed a project finance agreement with banks to build and operate offshore wind farms in northern Japan, the Japanese trading house said on Monday.

Qatar has signed an agreement with France's Total and Japan's Marubeni to build a solar power project with capacity of about 800 megawatts (MW), Qatar's energy minister said on Sunday.

Qatar has signed an agreement with France's Total and Japan's Marubeni to build a solar power project with capacity of about 800 megawatts (MW), Qatar's energy minister said on Sunday.

Chile's state copper miner Codelco said on Friday it would cancel a contract awarded in November to a consortium led by Japanese firm Marubeni to construct a desalination plant to feed its northern mines.