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Mitsubishi Corporation Expected to lose approximately 34.5 billion yen in crude oil futures | NHK News

2019-09-20T07:56:23.382Z

A major trading company, Mitsubishi Corporation, is a crude oil futures transaction conducted by a Singapore subsidiary.



Mitsubishi Corporation Expected loss of approximately 34.5 billion yen in crude oil futures transaction September 20, 16:53

A major trading company, Mitsubishi Corporation, announced that a future loss of crude oil conducted by a subsidiary in Singapore is expected to generate a loss of approximately $ 320 million, or approximately ¥ 34.5 billion when converted into Japanese yen. In Singapore, one local employee of a subsidiary dealing in crude oil and petroleum products is going to strengthen efforts to prevent recurrence as it is due to a crude oil futures transaction that is not permitted by internal regulations. .

Source: nhk

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