Gavilon Llc News

Marubeni Halves Profit Outlook

Firm will consolidate divisions, boost oversight to manage risk. TOKYO, Jan 26 (Reuters) - Japanese trading house Marubeni Corp halved its annual profit forecast on Monday after plunging oil, copper and coal prices weighed on its resource assets and it booked an impairment charge for its grains unit Gavilon. Like international oil majors and mining companies, Japan's trading companies have been caught flat-footed by the rout in commodities…