Mitsubishi to shut Singapore oil-trading unit after losses by trader

Mitsubishi to shut Singapore oil-trading unit after losses by trader Mitsubishi said the unit, Petro-Diamond Singapore, "has confirmed after closing the positions concerned, it will realize a loss of approximately 34.2 billion yen ($314 million) before taxes, which could put the subsidiaries final debt as high as 30.8 billion yen."

from Moneycontrol World News https://ift.tt/2NlZpZj
Mitsubishi to shut Singapore oil-trading unit after losses by trader Mitsubishi to shut Singapore oil-trading unit after losses by trader Reviewed by VidhanSabha on November 06, 2019 Rating: 5

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