Edition:
United Kingdom

Yuka Obayashi

Kansai Electric, Marubeni delay construction of coal-fired power plant

15 Aug 2019

TOKYO, Aug 15 Kansai Electric Power and Marubeni have delayed construction of a 1,300 megawatt coal-fired power plant in northern Japan clouding the station's future, amid a shift away from the most polluting fossil fuel.

UPDATE 1-Inpex: some buyers seeking delays, cuts in LNG term cargoes from Australia's Ichthys

08 Aug 2019

* Ichthys likely to contribute 65 bln yen to Inpex FY profit (Adds details)

Marubeni says U.S.-China trade war weighs on its U.S. agri business

02 Aug 2019

TOKYO The U.S.-China trade war has weighed on the profits of Marubeni Corp's U.S. agri-businesses, but the Japanese trading company has no plans to change its U.S. strategy, a senior executive said on Friday.

Nippon Steel sees 56% dip in yearly profit on surging iron ore prices

01 Aug 2019

TOKYO Japan's top steelmaker Nippon Steel Corp on Thursday forecast a 56% drop in business profit in the year through March 2020, as surging iron ore prices and slumping demand in Asia erode its margins.

Japan's Marubeni stops some new soybean sales to China amid trade dispute

26 Jul 2019

TOKYO Marubeni Corp said on Friday that its U.S.-based unit, Columbia Grain Trading Inc, has stopped all new soybean sales to China because falling sales volumes to the country due to the trade war with the United States have cut earnings.

UPDATE 2-Japan's Marubeni stops some new soybean sales to China amid trade dispute

26 Jul 2019

TOKYO, July 26 Marubeni Corp said on Friday that its U.S.-based unit, Columbia Grain Trading Inc, has stopped all new soybean sales to China because falling sales volumes to the country due to the trade war with the United States have cut earnings.

Asia feels pinch from higher Middle East oil shipping costs

04 Jul 2019

TOKYO/NEW DELHI Asian oil refiners are being squeezed by rising freight rates and insurance costs for shipping crude from the Middle East after attacks on ships in the Gulf last month, industry officials and analysts said.

Japan's JX Nippon Mining seeks pot of gold in high-tech chips, batteries

03 Jul 2019

TOKYOThe mining and smelting unit of giant Japanese energy-to-metals company JXTG Holdings plans to drill down into the world of consumer electronics and high-tech batteries to beef up profits while pausing on traditional, high-investment base metals projects that drain resources.

UPDATE 1-Japan aluminium premiums climb to $108/T in Q3, up 3% -sources

21 Jun 2019

* July-September premiums mark second straight quarterly increase

Saudi Energy Minister calls for collective effort to secure shipping lanes

17 Jun 2019

TOKYO Saudi Arabian Energy Minister Khalid al-Falih said on Monday that countries need to cooperate on keeping shipping lanes open for oil and other energy supplies after last week's tanker attacks in the Middle East to ensure stable supplies.

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