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apartment near London. Now on BBC News all the latest | :00:00. | 3:59:59 | |
business news live from Singapore. As European growth stalls with its | :00:00. | :00:20. | |
major trading partners in Asia, people are starting to feel the | :00:21. | :00:26. | |
fallout. And a sport is now finding its mark in Asia. | :00:27. | :00:37. | |
Welcome to Asia Business Report. Hong Kong and Malaysia and Taiwan | :00:38. | :00:41. | |
are all due to unveil their fresh economic numbers later today. As we | :00:42. | :00:48. | |
wait for those numbers, there are concerns for investors that the | :00:49. | :00:51. | |
world economy is heading for a major slowdown following week growth | :00:52. | :00:55. | |
figures from Japan and the Eurozone this week. However, stocks shrugged | :00:56. | :01:03. | |
off the bad news. Asian stocks are trading slightly higher, with the | :01:04. | :01:11. | |
exception of Japan. The Dow Jones ended higher overnight. In Europe, | :01:12. | :01:18. | |
markets gained despite learning via Roseann's recovery ground to a halt | :01:19. | :01:23. | |
in the second quarter. `` the Eurozone's. What is causing this? I | :01:24. | :01:30. | |
spoke to a chief economist at the bank of Singapore. One of the things | :01:31. | :01:36. | |
supporting the markets is the week growth increases the chance that | :01:37. | :01:39. | |
this loose monetary policy will extend in the future. It is those | :01:40. | :01:46. | |
loose monetary conditions and low interest rates that have been | :01:47. | :01:49. | |
supporting the demand for the stock market. But you do not have those | :01:50. | :01:54. | |
policies for the likes of New Zealand, Indonesia, India and the | :01:55. | :02:04. | |
Philippines. Even in the case of Australia and New Zealand, the | :02:05. | :02:07. | |
expectations that interest rates would be going up a lot have faded. | :02:08. | :02:12. | |
Australia are even talking about reductions. This could also hamper | :02:13. | :02:21. | |
corporate earnings going forward. From the mindset of many investors, | :02:22. | :02:29. | |
they are lowering forecasts. The recession would be good for nobody | :02:30. | :02:32. | |
if there was a proper decline in growth. We are not talking about | :02:33. | :02:38. | |
that. Corporate earnings coming out of America have been relatively | :02:39. | :02:42. | |
strong. News from Japan has been pretty good as well. We are any part | :02:43. | :02:46. | |
of the economy where growth is not so worried about. It is not so weak | :02:47. | :02:53. | |
that you are worrying about a fall in profits. People are looking for | :02:54. | :03:00. | |
investment opportunities and finding growth in the stock market. We have | :03:01. | :03:06. | |
some numbers coming out of Malaysia, Taiwan and Hong Kong. | :03:07. | :03:11. | |
These countries rely on China. Numbers coming from the mainland are | :03:12. | :03:14. | |
rather mixed. What do we expect to see? What might happen is the credit | :03:15. | :03:21. | |
bubble unravelling. The growth in China in the second quarter was | :03:22. | :03:27. | |
quite good. They have some various stimulus measures. It does look as | :03:28. | :03:36. | |
if the growth in Taiwan will be 4%, Malaysia 5%, Hong Kong 3%. The | :03:37. | :03:41. | |
problem is what happens if China slows down Hydro. Places like Taiwan | :03:42. | :03:50. | |
will be affected. `` slows down harder. In other business News | :03:51. | :03:58. | |
making headlines, a 70% stake is being purchased in monster beverage | :03:59. | :04:02. | |
for more than $2 billion. It drove up shares of the 2%. | :04:03. | :04:09. | |
Coca`Cola has been shrunk to offset slowing sales by buying popular | :04:10. | :04:21. | |
alternative drinks. Club Med's offer has been withdrawn. | :04:22. | :04:27. | |
The stock market regulator approved a rival bid made by an Italian | :04:28. | :04:33. | |
businessmen. He offered to pay 790 million euros for the holiday | :04:34. | :04:39. | |
chain, which was 22% higher than the previous bid. Whether you use them | :04:40. | :04:46. | |
for sending e`mails, playing games or taking pictures, smartphones are | :04:47. | :04:50. | |
big business in many parts of the globe. | :04:51. | :04:53. | |
While India has the second`highest number of mobile phone subscribers | :04:54. | :04:57. | |
in the world, about 930 million, the latest figures show that only one in | :04:58. | :05:02. | |
eight of them are smartphones. But that is changing. | :05:03. | :05:10. | |
There is no shortage of places when it comes to buying a smartphone in | :05:11. | :05:14. | |
India. Over 20 brands to choose from in the market. All of them are | :05:15. | :05:19. | |
trying to push performance by improving reliability and functions. | :05:20. | :05:28. | |
But it is the price that is fuelling demand in a big way. The sales | :05:29. | :05:34. | |
growth and population means more and more companies are launching | :05:35. | :05:40. | |
products. A China `based company sold thousands of handsets through | :05:41. | :05:47. | |
an online website. Partly helped by low prices, these entrants are | :05:48. | :05:52. | |
eating into the market share of. These include local brands and | :05:53. | :05:57. | |
global giants like Samsung and Motorola's. It has got a lot of | :05:58. | :06:06. | |
different users. It has got people who speak different languages. It is | :06:07. | :06:11. | |
quite different age groups, different consumer preferences. To | :06:12. | :06:15. | |
succeed in India, any player has to be able to offer a different range | :06:16. | :06:19. | |
of models. A small number of models will not work in India. There is a | :06:20. | :06:28. | |
variety of demand. It is not just about the handsets. The boss of one | :06:29. | :06:32. | |
of India's largest retailers says the rise of fast mobile Internet | :06:33. | :06:38. | |
access will also boost sales. Countries are waiting for 4G to | :06:39. | :06:55. | |
happen. That will be a game changer. More access to the Internet and | :06:56. | :06:58. | |
better connectivity, the business will grow. India's competition means | :06:59. | :07:05. | |
barely a week goes by without the launch of another smartphone. It is | :07:06. | :07:09. | |
often accompanied by a hefty discount. The eventual winner could | :07:10. | :07:15. | |
be the Indian consumer. Have you ever played darts? It is | :07:16. | :07:22. | |
now considered a global sport. In Asia, one with an expanding fan | :07:23. | :07:27. | |
base. That means it is a growing business. The first ever World | :07:28. | :07:34. | |
Series ducks competition in the region starts in a week. `` darts. | :07:35. | :07:39. | |
This is probably how you think of darts. | :07:40. | :07:44. | |
In a pub. It is not commonly called a sport. We do not usually describe | :07:45. | :07:50. | |
the people who play it as athletes. But think again. This is a serious | :07:51. | :08:00. | |
business. Meet this five`time world champion, a Dutch man. These | :08:01. | :08:15. | |
top`ranked players, all in Singapore this weekend to show the locals held | :08:16. | :08:21. | |
darts are done. We want to promote the sport more and more. More and | :08:22. | :08:25. | |
more countries will get involved. More and more companies will sponsor | :08:26. | :08:31. | |
their best players. At the end, there is more money involved as | :08:32. | :08:38. | |
well. Already, there is massive money in darts. Players will be | :08:39. | :08:45. | |
fighting to win $100,000. And for the promotions, they are hoping it | :08:46. | :08:51. | |
will eventually bring in the group turns. We are not just a one hit | :08:52. | :08:56. | |
wonder. We will be coming back to Singapore. The potential is huge. | :08:57. | :09:04. | |
But the game you see here is not quite the same as the one embraced | :09:05. | :09:12. | |
by Asian players. This is soft darts. Instead of steel tips, the | :09:13. | :09:20. | |
ends are plastic points. Instead of doing the numbers in your head, the | :09:21. | :09:23. | |
electronic board calculates the school. `` scorer. When you hit it, | :09:24. | :09:37. | |
you feel happy. It has been popular in Japan for years. It is now | :09:38. | :09:42. | |
sweeping across the region. Every one of these machines Anns on | :09:43. | :09:46. | |
average $800 per month. And that about $1 per game, the numbers are | :09:47. | :09:54. | |
growing every day. It attracts up to 200 new players per week. There is | :09:55. | :10:02. | |
no denying more people are adopting the game. Where there is | :10:03. | :10:05. | |
popularity, the players and promoters are hopeful there is | :10:06. | :10:12. | |
profit. Do you have $200,000 to spare? If | :10:13. | :10:17. | |
so, you will be able to get one share in a US investment company. | :10:18. | :10:24. | |
The company saw its stock price hit a record $200,000 on Thursday, | :10:25. | :10:27. | |
making it the most expensive stock on US markets. Thank you for | :10:28. | :10:30. | |
investing your time with us. Here are the headlines: Iraq's Prime | :10:31. | :10:47. | |
Minister has agreed to step down. Resident Obama has said American | :10:48. | :10:50. | |
airstrikes have freed most of the people trapped by militants on Mount | :10:51. | :10:53. | |
Sinjar in the north of | :10:54. | :10:54. |