Peter Lewis: A fast moving and topical business and finance show.
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") .
The death toll from the China coronavirus outbreak has risen to 106, and the number of people infected has jumped to close to 4,700. Most of the fatalities are in Wuhan and the surrounding province of Hubei, the outbreak’s epicentre.
Hong Kong Chief Executive Carrie Lam said that rail and ferry services to the mainland would be suspended from tomorrow and the number of flights would be halved. Several border checkpoints will be closed but the flow of goods will not be interrupted.
The Shanghai government and the Guangdong provincial authorities have ordered companies in their regions not to resume operations before February 9. The Shanghai and Shenzhen Stock Exchanges will delay the reopening of the A-share market until Monday.
The US Federal Reserve will wrap up its first monetary policy meeting of the year later today. President Trump tweeted that “the Fed should get smart and lower the rate to make our interest competitive with other countries which pay much lower.”
On today’s Money we’re joined by Khiem Do at Baring Asset Management, Will Denyer from Gavekal and on the phone from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
29/01/2020 - 8.09am Business and Market Discussion
Khiem Do, Head of Greater China Investments at Baring Asset Management warns of a strong fall in economic activity in the retail and services sector, as citizens fear to go outside.
Will Denyer, US Economist at Gavekal says that the coronavirus' impact on the world economy remains minor for now but a worldwide spread of infections could see a stronger market reaction.
Barry Wood, RTHK's US Correspondent, observed that Tuesday's market rally reflects investors' optimism, as China's drastic containment measures boosts confidence.
Joining Richard Harris on today's Money Talk are Alex Wong, Director of Asset Management at Ample Capital and Mark Michelson, Chairman of Asia CEO forum at IMA Asia. On the phone from Shanghai is Michael Norris, Research & Strategy Manager at Agency China.
13/01/2020 - 8:09am Business and Market Discussions / View from China
Alex Wong, Director of Asset Management at Ample Capital, says he doesn't think China will "weaponise" its reduced exposure in the US.
Mark Michelson, Chairman of Asia CEO Forum at IMA Asia, highlights that China's advancement in innovation means that local companies are eager to enhance the protection of intellectual property at home and abroad.
Michael Norris, Research & Strategy Manager at Agency China, reminds us that foreign businesses in China need to take into account the sensitivity of details in their communication strategy.