Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during western sanctions are looking to resume imports, potentially by year-end, industry sources said. Conservative Japanese firms have so far held off taking Iranian crude due to a lack of internationally acceptable ...
Japan's ambition to lead in the development of floating wind turbines is facing stiff competition from rivals in Europe — most notably from France — as companies and governments press to lower costs and prove that the technology can rival other sources of clean ...
A data leak reveals Japanese individuals and firms are listed as shareholders or directors of at least 270 entities in offshore tax havens.
Marubeni Corp. on Monday cut its profit outlook for the year through March as the trading house booked losses totaling ¥120 billion due mainly to tumbling commodity prices. Marubeni now expects a group net profit of ¥60 billion, sharply down from its earlier estimate of ...
Osaka Gas Co. may pull out of a thermal power project planned with Marubeni Corp. amid signs of nuclear restarts and increasing calls to reduce carbon dioxide from power generation. The Osaka-based company is considering giving up on its participation in the project in Ibaraki ...
Asia-Pacific's richest woman is gearing up to start shipments from her $10 billion iron ore project in Australia. Even with prices at 10-year lows, she's displaying no lack of confidence in the mine's success. Billionaire Gina Rinehart's ace? Her mine isn't relying solely on sales ...
Marubeni Corp. is planning to develop more than five times the offshore wind power capacity currently installed in Japan as it moves aggressively into a poorly developed area of the country's renewable energy market. "If you want to do large-scale projects, it's offshore wind that ...
A group led by Marubeni Corp. is setting up a floating wind turbine off the coast of Fukushima Prefecture, aiming to commercialize the unproven technology and create an industry in the region ravaged by the 2011 quake, tsunami and nuclear calamities. The 11-member group plans ...
Marubeni Corp.'s plan to acquire U.S. commodities trader Gavilon Holdings LLC is acceptable as long as the two companies keep their soybean operations for China separate, the Chinese Ministry of Commerce said. The ministry said Wednesday that the acquisition could help Marubeni increase its ...
Aeon Co. announced Wednesday it will increase its stake in Daiei Inc. to turn the smaller superstore chain into a subsidiary, creating a massive retailing group that will have combined sales in excess of ¥6 trillion. Aeon, which owns a 19.9 percent stake in Daiei, ...
Marubeni Corp. is planning the first on-site survey for a geothermal power project in a national park following deregulation last March by the Environment Ministry. The one-year research initiative, starting possibly in May, will use dedicated surveyors to confirm geothermal sources in Daisetsuzan National Park ...
