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Marubeni Slashes Forecast on Crude Fall

2015-01-26 11:21:35| Chemicals - Topix.net

Marubeni Corp. on Monday cut its net profit projection in half for the current fiscal year as falling prices of crude oil and other commodities forced the company to book steep impairment losses. The major Japanese trading house cited a A 95 billion write-down in oil and gas assets as weighing on its profits.

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