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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

ADB: Emerging East Asia’s growth to pick up

ADB: Emerging East Asia's growth to pick up BEIJING, Dec. 19 (Xinhuanet) -- The Asian Development Bank (ADB) said Monday East Asia's economic growth is expected to pick up next year, helped by a turnaround in the global demand for IT products, a recovery in Japan's domestic demand, and continued strong growth in China. Gross domestic product (GDP) growth in 2006 for East Asia -- defined as the 10 ASEAN member countries plus China and the Republic of Korea -- will average 7.2 percent, slightly more than estimates of 7.1 percent for 2005, according to

If Asia stays right in 2006, so will the world economy

If Asia stays right in 2006, so will the world economy With a couple of notable exceptions 2005 was a good year for the world economy. Despite rising US interest rates and soaring oil prices there was rapid growth in the US and even more rapid growth in China and India. Emerging Asia did well too and Japan managed faster growth than either the UK or the eurozone. The exceptions were the European big three and the UK. In Europe Germany barely reached 1 per cent growth, Italy barely grew at all and France seems to have grown by little more

Zurich Financial CEO sees growth potential in Asia but faces environmental risks

Zurich Financial CEO sees growth potential in Asia but faces environmental risks Zurich Financial Group CEO James Schiro said there is substantial growth potential in Asia in life, motor and property insurances, with only 1 pct of natural disasters insured. This compares to a rate of around 40 pct in developed countries, he said. On the downside, growing environmental damage -- caused by the region's enormous growth -- is causing more natural disasters, he cautioned in an interview with Swiss SonntagsZeitung. Zurich's growth rate in past years has been smaller than previously as the group closed down a number of

KBC-II halts Star Asia revenue growth

KBC-II halts Star Asia revenue growth The abrupt ending of Kaun Banega Crorepati (KBC-II) due to anchor Amitabh Bachchans ill-health late last year has affected revenue growth of STAR TV Asia by 6-10%, reveals the latest report from Hong Kong-based research company Media Partners Asia. While STAR network Asia was cruising at 20-30% revenue growth in first and second quarters of 2005-06 largely thanks to the the healthy advertising growth in STAR India, for the quarter ended March, 2006, the company registered only 14% revenue growth to $123 million. In Asia, STAR Groups operating income grew 28% year-on-year to reach