Mitsubishi Corporation

Type: Company
Name: Mitsubishi Corporation (MITSUBISHI CORPORATION)
First reported 14 hours ago - Updated 14 hours ago - 1 reports

Sumitomo sinks on huge resource investment losses

TOKYO -- Shares of Sumitomo Corp. plunged Tuesday after the Japanese trading house said the day before that it would book 270 billion yen ($2.44 billion) in impairment losses on shale oil, iron ore and other operations.The stock tumbled 13% at one point ... [Published Nikkei Asian Review - 14 hours ago]
First reported Sep 29 2014 - Updated 23 hours ago - 1 reports

Gold edges down

Gold fell on Monday as downward pressure from a strong dollar outweighed support from unrest in Hong Kong, which hit global shares and led to some demand for the metal.Spot gold was down 0.2 percent to $1,217.10 an ounce by 1422 GMT, while U.S. gold futures ... [Published FX Centre - Sep 29 2014]
First reported Sep 30 2014 - Updated Sep 30 2014 - 1 reports

Sumitomo Corp shares slump most in 18 years after profit forecast slashed

Sumitomo said on Monday that it will review its minerals investment strategy and risk management system, after booking impairment losses of 270 billion yen (1.52 billion pounds) before tax benefits. The losses included the latest and biggest of a series ... [Published NewsRT.co.uk - Sep 30 2014]
First reported Sep 30 2014 - Updated Sep 30 2014 - 1 reports

Sumitomo Corp shares slump most in 18 years after profit forecast slashed

* Sumitomo cuts profit forecast to 10 bln yen from 250 bln yen * Shares fall biggest since 1996 copper trading scandal * Trading house to review minerals investment, risk management * Biggest charge is 170 bln yen writedown on U.S. shale assets (Adds ... [Published Sharenet - Sep 30 2014]
First reported Sep 30 2014 - Updated Sep 30 2014 - 1 reports

Japanese Film Festival launched

KUCHING: The Embassy of Japan in Malaysia, together with the 2014 Japanese Film Festival organisers, Japan Foundation, have launched the 11th edition of the festival at GSC CityOne Megamall with a special screening of the movie, “Like Father Like Son” ... [Published thestar.com.my - Sep 30 2014]
First reported Sep 29 2014 - Updated Sep 30 2014 - 1 reports

Setback will force Sumitomo to review resource strategy

TOKYO -- Having rushed to expand its natural resource business to catch up with rivals, Sumitomo has no choice but to make major changes following its announcement of huge write-downs for overseas projects.The Japanese trading house said it will book ... [Published Nikkei Asian Review - Sep 29 2014]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

Gold falls on strong U.S. data; unrest in Hong Kong eyed

A graph with gold bars in the foreground * U.S. consumer spending rises in August * Hong Kong protests seen a threat to China's growth * HK gold retail sales could suffer -trader (Adds comment, NEW YORK to dateline, second byline, updates market activities) ... [Published Sharenet - Sep 29 2014]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

IN BREIF - Value of tuna, shrimp exports fall; profits up

The export value of Thai tuna and shrimp during the first seven months of 2014 fell 2 per cent from the same period the previous year, but profit margin rose by 7-10 per cent due to lower raw-material prices. More shrimp totalling about 40,000 tonnes ... [Published Fish Information & Services - Sep 29 2014]
Entities: Cermaq Asa, Nutreco, Prawn
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

Check out this series of inspirational debates and discussions in London, October 2014 - February 2015

From Alain du Botton to Google, The Midtown Big Ideas Exchange is well worth checking outThis content is brought to you by our partners, inmidtownOn 29th October esteemed philosopher and author Alain du Botton will launch the first of 12 landmark events ... [Published LondonlovesBusiness.com - Sep 29 2014]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

When it comes to LNG B.C. can’t do it alone – it needs Ottawa

The Globe and Mail Monday 29th September, 2014British Columbia Premier Christy Clark speaks at an announcement about a joint venture agreement with Shell Canada Energy, PetroChina Corporation, Korea Gas Corporation and Mitsubishi Corporation to develop ... [Published Canada Standard - Sep 29 2014]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

BHP’s Australian Coal Venture With Mitsubishi to Cut 700

Sumitomo Corp. (8053) cut its full-yearprofit forecast by 96 percent as the Japanese trading companywrote down the value of a U.S. oil development and Australiancoal-mining operations.The company expects net income of 10 billion yen ($91million) in the ... [Published Bloomberg - Sep 29 2014]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

Marine Harvest excludes bid for Cermaq; Fisheries minister backs Mitsubishi offer

, 9:31 amMarine Harvest has said it will not bid for Cermaq, after Mitsubishi Corporation offered NOK 8.880 billion ($1.4bn) in cash for the salmon farmer.“You will see that we are not going to bid for Cermaq,” Marine Harvest’s chairman Ole Eirik Leroy ... [Published Undercurrent News - Sep 29 2014]

Quotes

"Going forward, investors may grow selective about trading company stocks based on the types of rights to resources they own" speculates analyst Yasuhiro Narita of Nomura Securities
"S-Oil used to export their cargoes, but this time they are importing for bunker use. That's interesting" said one South Korea-based marine fuel oil trader
...Nakamura said at a news conference on Monday, referring to losses not just on the shale oil venture but also on coal and iron ore projects. "But I believe that (the decisions to invest) were made under the best process at the time."

More Content

All (458) | News (374) | Reports (0) | Blogs (66) | Audio/Video (0) | Fact Sheets (15) | Press Releases (3)
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Gazprom and Shell approve Sakhalin II potential... [Published Ein News - 1 hour ago]
Gazprom, Shell talk Sakhalin-2 LNG output increase [Published LNG World News - 2 hours ago]
Pan Brothers hopes to grow sales by 30% this year [Published Jakarta Post - 2 hours ago]
Sumitomo sinks on huge resource investment losses [Published Nikkei Asian Review - 14 hours ago]
ADM expands venture with Marubeni, boosts PNW g... [Published Reuters - 16 hours ago]
Lawson to buy upscale Seijo Ishii [Published The Japan News - 22 hours ago]
Molycorp Announces that its Expanded Leach Syst... [Published PR inside - Sep 30 2014]
Sumitomo Corp shares slump most in 18 years aft... [Published NewsRT.co.uk - Sep 30 2014]
Sumitomo Corp shares slump most in 18 years aft... [Published Sharenet - Sep 30 2014]
South Korea Refiners Turn to Spot Bunker Market... [Published Ship & Bunker - Sep 30 2014]
Convenience store Lawson to acquire upscale sup... [Published 4 Traders - Sep 30 2014]
Japanese Film Festival launched [Published thestar.com.my - Sep 30 2014]
Japanese Market Declines On Weak Economic Data,... [Published RTTNews.com - Sep 30 2014]
Sumitomo Shares Plunge After $1.8 Billion Charg... [Published Bloomberg - Sep 30 2014]
Setback will force Sumitomo to review resource ... [Published Nikkei Asian Review - Sep 29 2014]
Could These Lithium Stocks Be Tesla Acquisition... [Published Equities.com - Sep 29 2014]
Foreign money flows into Myanmar [Published The Japan News - Sep 29 2014]
Gold falls on strong U.S. data; unrest in Hong ... [Published Sharenet - Sep 29 2014]
IN BREIF - Value of tuna, shrimp exports fall; ... [Published Fish Information & Services - Sep 29 2014]
Lawson to buy upscale-supermarket operator Seij... [Published Nikkei Asian Review - Sep 29 2014]
Check out this series of inspirational debates ... [Published LondonlovesBusiness.com - Sep 29 2014]
Gold edges down [Published FX Centre - Sep 29 2014]
Rey Resources Consolidated Financial Report For... [Published 4 Traders - Sep 29 2014]
When it comes to LNG B.C. can’t do it alone – i... [Published Canada Standard - Sep 29 2014]
Sumitomo to Probe $1.8 Billion in Shale And Coa... [Published Bloomberg - Sep 29 2014]
Marine Harvest excludes bid for Cermaq; Fisheri... [Published Undercurrent News - Sep 29 2014]
Notice Concerning Debt Financing (Determination... [Published Noodls - Sep 29 2014]
BHP’s Australian Coal Venture With Mitsubishi t... [Published Bloomberg - Sep 29 2014]
Sumitomo to suspend Isaac Plains mine [Published Business Spectator - Sep 29 2014]
Driving Sustainability Through Products and Pra... [Published Maintenance Technology - Sep 28 2014]
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Blogs

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Mitsubishi offers $1.4 bln for Norway’s Cermaq [Published PE Hub Blog - Sep 22 2014]
Reuters – Mitsubishi Corp has offered $1.4 billion for Norwegian fish farmer Cermaq, in a cash bid that would secure a larger share of the salmon market for the Japanese group as it targets consumers’ increasingly health-conscious tastes. Monday’s bid ...
The Norwegian State is prepared to sell its sha... [Published CisionWire - English - Sep 22 2014]
The Ministry of Trade, Industry and Fisheries is prepared to sell the State’s shares in the fish-farming company Cermaq under terms and conditions outlined in today’s notices from Cermaq and Mitsubishi Corporation. However, the Ministry may sell the shares ...
Mitsubishi Motors To Invest $600 Million In Ind... [Published Clusterstock - Sep 16 2014]
JAKARTA (Reuters) - Japan's Mitsubishi Motors Corp <7211.T> will invest $600 million to set up its first multi-purpose vehicle factory in Indonesia, aiming to capitalise on strong demand for the segment in the country as well as to export to ...
REFILE-Commodities brace for more woe ahead of ... [Published AdBanks.net - Sep 15 2014]
(Refiles to give full title of first graphic) SINGAPORE/NEW YORK, Sept 15 (Reuters) – Major commodity markets, many already trading near multi-year lows, could facemore pressure should the U.S. Federal Reserve fuel fresh gainsin the U.S. currency ...
The American POWs Still Waiting for an Apology ... [Published The Middle East Blog - TIME.com - Sep 12 2014]
Kathy Holcomb put her hand on the wall of a crumbling factory building in the central Japanese city of Yokkaichi and envisioned her father touching the same spot during his years as a prisoner of the Japanese during World War II. More Guilty: 'Blade ...
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Press Releases

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Mitsubishi Corporation announces recommended vo... [Published Financial Services - Sep 22 2014]
Final Investment Decision Reached For Cameron L... [Published Financial Services - Aug 06 2014]
Vera Bradley Enters Import and Distribution Agr... [Published GlobeNewswire: Acquisitions News - Jun 04 2014]
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