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Companies

Marubeni expects $1.7bn annual loss due to coronavirus

Forecast marks a huge reversal for company, which had expected a sizable profit

Marubeni is just one of many Japanese companies hit by the coronavirus crisis and plunging oil prices.

TOKYO (Reuters) -- Japanese trading company Marubeni Corp said on Wednesday it now expects a net loss of 190 billion yen ($1.7 billion) for the year ending this month after the coronavirus epidemic hammered the global business environment.

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