The Isogo No
The Isogo No.1 unit, which came online in 2002, uses roughly5,000 tonnes of imported coal per day, a company official said in2007 (Reporting by Osamu Tsukimori) Japan. The plant now has two coal-fired units with a combinedcapacity of 1,200 MW, replacing two older units with a combined530 MW. Japan The Isogo plant — the only coal-fired thermal plant alongTokyo Bay, is located close to the centre of Yokohama and hascleared one of Japan’s strictest pollution standards. TOKYO, July 16 (Reuters) – Electric Power Development Co(9513.T) (J-Power) said on Thursday it started commercialoperations at its new 600-megawatt No.2 coal-fired unit at itsIsogo thermal power station in Yokohama a day earlier thanscheduled. KB Financial Group (105560.KS) climbed 1.53 percent, andShinhan Financial Group rose 3.08 percent ($1=1266.1 Won).
“Falls in steel prices will also be reflected in secondquarter earnings, and this is expected to help shipbuilders’profitability,” Daewoo Securities said. Hyundai Heavy Industries, the world’s largest shipbuilder,rose 4.95 percent and Samsung Heavy Industries (010140.KS)advanced 9.51 percent. Some banks rode higher, helped by positive earnings news fromGoldman Sachs (GS.N). [ID:nLF649614] Shipbuilders rallied on hopes the industry had hit bottom inthe second quarter and that demand for new vessels may reviveamid the latest signs economies are stabilising. Daewoo Securities said in a note on Thursday that a sectoralturnaround was expected in the third quarter, adding thatcompanies with strong offshore plants were recommended.
Shares in GS Engineering & Construction (006360.KS) rose 4.49percent after news a consortium of GS E&C and Petrofac (PFC.L)won a $2.1 billion natural gas facility order from state-ownedAbu Dhabi Industries Ltd (Gasco). [ID:nSP56216] “While the news of it constructing an additional productionline may prompt some oversupply worries, it’s definitely positivefor the longer term,” said John So, an analyst at GoodmorningShinhan Securities. 2 maker of liquid crystal display (LCD)screens, used in television sets, posted on Thursday a 302billion won ($238.5 million) net profit in the second quarter,much larger than a forecast of 161 billion won. [ID:nN15343757][ID:nN15329440] Flat-screen maker LG Display (034220.KS) closed up 0.87 justbefore it reported positive second quarter earnings. It also saidlate on Wednesday it plans a $2.55 billion production line,boosting its capacity to meet growing demand for liquid crystaldisplay (LCD) televisions [ID:nSEO62379] The world’s No. credit cardcompanies saw defaults and delinquencies in June below analystsexpectations, and June industrial production data that indicatedthe recession might be loosening its grip.
Foreign investors were buyers of a net 518.2 billion won($409.3 million) worth of shares. “But shares faced some pressure at the index neared theyear’s earlier high…boxed-range movement is likely until wehave a clearer pictures of corporate earnings,” said KwakJoong-bo, a market analyst at Hana Daetoo Securities Sentiment was further helped by news that U.S. earnings have boosted sentiment,prompting solid foreign buying in key blue chips such as SamsungElectronics, Hynix (000660.KS), POSCO (005490.KS) and ShinhanFinancial Group (055550.KS),” said Ham Sung-sik, a market analystat Daishin Securities. The supermarket franchise said the rise in revenue camedespite 10 fewer stores in the Netherlands, which was offset byan average 3.7 percent increase in average consumer sales perstore. Super de Boer said it would continue to invest inrefurbishing stores, but did not give a specific outlook for thesecond half. Rival Sligro, which also reported first half figures onThursday, is also investing in its stores and expects its salesto rise in the second half. [ID:nLG665816] (Reporting by Reed Stevenson; editing by John Stonestreet) France.