Sumitomo projects 240 bil. yen in losses

Sumitomo projects 240 bil. yen in losses

TOKYO, Japan - Sumitomo Corp. President and CEO Kuniharu Nakamura attends a press conference in Tokyo, Japan, on Sept. 29, 2014. The trading giant expects a total of 240 billion yen in losses in the year ending in March over a poorly performing oil development project in Texas and a fall in coal prices. (Kyodo)

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