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Robert Walters profit up on Asia Pacific growth

Robert Walters profit up on Asia Pacific growth British recruitment consultancy Robert Walters Plc said annual pretax profit had risen by 57 percent, driven by the Asia Pacific region, and that the market continued to be strong. Pretax profit for the year to end-December was 12.7 million pounds ($22.2 million), up from 8.1 million pounds a year ago, the company said on Monday. "It (the profit) is quite a simple story in many ways -- it's just the investment we've been making in a lot of new business areas and scaling up existing business areas showing through," Chief Executive Robert Walters told Reuters. "All

Profit optimism fuels rise in Asia

Profit optimism fuels rise in Asia Asian stocks rose Wednesday, led by Toyota Motor Corp., as speculation that the regions economy will sustain profit growth halted a slide after the biggest drop in more than two years. The declines this week and the last were just excessive, and that has prompted some buying of companies with sound earnings outlooks, said Haruo Otsuka at Toyota Asset Management Co. in Tokyo. The Morgan Stanley Capital International Asia Pacific index increased 0.5 percent after falling 3.9 percent Tuesday, its biggest drop since May 2004. Japans Nikkei 225 index gained 0.6 percent, while Hong Kongs Hang Seng Index

Asia: Japanese brokers post gains

Asia: Japanese brokers post gains "Investor expectations about profit gains at brokerages grew stronger," said Atsushi Osa at Sumitomo Mitsui Asset Management. The Morgan Stanley Capital International Asia-Pacific index rose 1.00 point to close at 126.20. Financial companies like Mitsubishi UFJ Financial Group, the parent of the brokerage house, and Daiwa Securities accounted for 40 percent of the rise. The Nikkei 225 added 240.02 points, or 1.5 percent, to 15,891.02. Japan's imports and exports jumped to records in December, the government said in its report, evidence that both domestic and overseas demand are helping growth. Indexes rose in South

S&P upbeat on Asia Pacific govts

S&P upbeat on Asia Pacific govts Global rating agency, Standard & Poors’ today said sovereign governments in Asia Pacific, including in India, are expected to continue their reforms programs in 2006, thereby improving their country’s credit fundamentals. This in turn should continue the upward rating trend for the region, said S&P in its “Asia-Pacific Sovereign Report Card”. Good global growth and still-ample liquidity conditions will underpin positive credit trends in the region. This trend should be assisted by probable robust GDP growth of 6 per cent in the region, although, there are uncertainties like sustained

eBay looks to Asia for growth

eBay looks to Asia for growth Online auction company eBay said it expects the number of Asia-Pacific users trading on its site to eventually outstrip that for the U.S. and Europe as Internet penetration grows, but it also predicts imminent competition. More than 30 million of the company's 181 million registered users worldwide are in the Asia-Pacific region, Chief Executive Meg Whitman said Thursday. "These are still small markets, but as Internet usage and broadband penetration increase, we see these markets growing bigger than our top markets currently," she said. And in markets like India, the company has seen a rise