A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
There has been a surge in Covid-19 cases and related deaths around the world over the weekend with the World Health Organisation reporting another single day global record yesterday, bringing the total number of cases around the world to over 12.5 million. Outbreaks in Latin America, India and the US continue to intensify. The US state of Florida reported 15,000 new cases, the largest single-day jump in new cases for any US state.
Hong Kong confirmed another 38 new cases of Covid-19 on Sunday, with 30 of them locally acquired infections and the rest linked to overseas travel. The Centre for Health Protection urged people to stay at home and avoid social gatherings, warning that the situation in Hong Kong was “getting a bit out of hand.”
US President Donald Trump suggested on Friday that he has lost interest in a Phase 2 trade deal with China. Speaking on board Air Force 1 on his way to a rally in Florida, he told reporters, “I don’t think about it now. I have many other things in mind,” when asked about the possibility of another deal.
On today’s Money Talk, we’re joined by David Roche at Independent Strategy and Nitin Dialdas from Mandarin Capital. With a view from mainland China is Ben Cavender of the China Market Research Group.
13/07/2020 - 8:09am Business and Market Discussion
David Roche, President & Global Strategist at Independent Strategy warns that China and the US are now in a Cold War but predicts US sanctions to remain targeted at individuals rather than financial institutions.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital highlights believes that the US is still committed to the Phase 1 trade deal.
13/07/2020 - 8:24am View from mainland China
UK Prime Minister Boris Johnson’s Brexit plans are in disarray after MPs backed an amendment to delay the latest Brexit deal negotiated with the EU by three months. The Prime Minister has now written an unsigned letter to the EU seeking a postponement, but he will bring in legislation today to try again to implement the deal he agreed with Brussels last week. He says he is confident he has the votes to ensure Britain leaves the EU on 31 October.
Economic growth in China in the third quarter slipped to a new record low of 6%. The economy was impacted by the US-China trade war, a slowdown in manufacturing and slowing domestic income growth.
The IMF has vowed to use “all appropriate tools” to combat weak global growth. The communiqué issued at the end of the IMF and the World Bank’s annual meetings in Washington over the weekend, urged leaders to bring an end to the damaging trade wars.
China’s top trade negotiator and vice premier Liu He said Saturday that trade talks with the US are making progress and both sides are working towards a partial phase one agreement.
On today’s Money Talk we’re joined by Alex Wong of Ample Capital and Dickie Wong from Kingston Securities. Providing the view from the mainland is Ben Cavender at the China Market Research Group.
21/10/2019 - 8:09 Business and Market Discussions
Alex Wong, Director of Asset Management at Ample Capital, expects that the latest economic data from the mainland will not have a big impact on the stock market.
Dickie Wong, Head of Research at Kingston Securities, comments that this year's Policy Address will not help boost the slowing local economy or alleviate the ongoing social unrest.
21/10/2019 - 8:25 View From China