Marubeni News

Marubeni Corp.'s proposed $3.6 billion acquisition of U.S. grain merchandiser Gavilon Group LLC underscores the growing interest in agricultural traders as rising food demand puts pressure on global supplies.

TOKYO/WASHINGTON - Japan's largest agriculture trading house Marubeni will be acquiring the US grain merchant Gavilon Group in a $3.6 billion deal as it targets to expand operations and become a major global player in the foodgrains market.

Russian fans of the videogame Angry Birds will soon be able to get special debit cards - or "Angry Cards" - giving them discounts on the game's products.

European stocks rose for a third straight session on Monday and the euro bounced back from two-year lows, as Greek polls showing growing support for pro-bailout parties eased speculation about a disorderly exit by Athens from the single currency.

Japanese trading house Marubeni Corp is nearing a deal to buy U.S. grains merchant Gavilon for more than $5 billion including debt and could announce the transaction as early as Tuesday afternoon in Tokyo, according to people familiar with the matter.

The cabinet committee on purchase on Monday approved Bibiyana-3 gas-fired private power plant having a total generation capacity of 300 to 450 megawatt.

Japan's Mitsubishi Corp has muscled in on rivals in grain trading to become the country's top importer of feed wheat this year, trading sources said, as the Asian nation boosts purchases in response to higher prices of U.S. corn.

Manila Electric Co., the power retailer that sold its plants to the Philippine government almost four decades ago, will partner with a Japanese utility to build the Southeast Asian nation's first natural-gas fired power plant in more than 10 years to help reduce outages.

May 23 - Four of Japan's six major general trading companies rated by Standard & Poor's Ratings Services boosted their consolidated net profits in fiscal 2011 , thanks to higher prices of commodities, such as crude oil, coal, and iron ore.

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Six Japanese banks will extend a syndicated loan of about 20 billion yen to two companies to purchase Seajacks, a British company that builds wind power generators, according to industry sources.

MANILA, Philippines - The peso exchange rate closed lower at P43.045 to the US dollar yesterday at the Philippine Dealing & Exchange Corp.

MANILA: A group involving Marubeni Corp. has won a billion-dollar contract to expand the Philippine capital's railway system, the Japanese firm's local partner said Tuesday.

Marubeni Corp. said Tuesday it will launch a project to build an elevated railway and bus terminals in the Philippines worth 80 billion yen.

Shareholders of Spaldings Holdings Limited, which distributes agricultural machinery parts, sold a controlling interest in the business to Marubeni Corporation.

Aluminium stocks held at three major Japanese ports came to 234,800 tonnes at the end of April, down 4 percent from 24 5,10 0 to nnes a month earlier, trading house Marubeni Corp said on Friday.

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May 9, 2012--Standard & Poor's Ratings Services said today that its ratings on Marubeni Corp.