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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
On today's MoneyTalk, we are joined by Francis Lun of GEO Securities and Quentin Webb from Wall Street Journal. Over the phone from Sydney with a view from Australia is Toby Lawson at Societe Generale.
03/04/2020 - 8:09am Business and Market Discussion
Francis Lun, CEO of GEO Securities, points out that despite being hit by the impact of the COVID-19 pandemic, Hong Kong's unemployment rate remains
at under 4 percent, lower than the 5 to 10 percent he predicted.
Quentin Webb, Asia Markets Editor at the Wall Street Journal, highlights that emerging markets are more vulnerable to increases in unemployment, as many lack the fiscal means to take counter measures.
03/04/2020 - 8:22am View from Australia
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.