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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
The global equity market selloff continued into Asian trading on Tuesday, but US stocks snapped a four-day losing streak. US shares are on track for their first monthly loss since March. Banks have come under pressure after accusations that several global banks, including HSBC and Standard Chartered, have allowed illicit international payments amounting to US$2 trillion in total, to flow through their accounts, despite being warned that they were suspicious. A sell-off in shares of HSBC and Standard Chartered deepened yesterday in Hong Kong, taking their losses to more than 7% over two days.
23/09/2020 - 8:08am Business and Market Discussion
Andrew Freris, CEO of Ecognosis Advisory says that the Hong Kong government should do more to support the local economy as the territory's fiscal reserves remain robust and could even withstand a deficit.
Patrick Bennett, Macro Strategist at CIBC World Markets highlights that accommodative monetary and fiscal policies help to maintain higher asset prices but it is not having the same impact on consumer spending.
RTHK's International Economics Correspondent Barry Wood warns that decentralisation prevents the US from containing the Covid-19 pandemic as individual states can implement measures at their own discretion.
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.