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") .
Shares in the US have resumed their sell off, led by falls in the technology sector, as Federal Reserve officials and business organisations sound warnings about the fragile economic recovery. The S&P 500 fell 2.4% and is now more than 9% off its record high hit at the beginning of the month.
24/09/2020 - 8:09am Business and Market Discussion
Personal Wealth Advisor Enzio von Pfeil says that stock markets shouldn't be regarded as indicators of economic performance as trading decisions nowadays tend to be influenced by technology rather than socio-economic factors.
Alex Frew McMillan, Writer at Dragonfly Media notes that China faces a two-speed recovery, with coastal cities doing far better than the rest of the nation and exposing already existing geographical inequalities.
24/09/2020 - 8:24am View from Taiwan
Economic activity has partially resumed across the mainland of China as new cases of the coronavirus (now known as Covid-19) outside of Hubei drop for 7 consecutive days. However, Chinese officials remain cautious in concluding whether the epidemic is under control and The World Health Organisation warned that Covid-19 was a "very grave threat" for the rest of the world. Federal Reserve Chairman Jerome Powell warned that the coronavirus outbreak could spill over to the rest of the global economy. He told the House financial services committee yesterday that it could lead to a material reassessment of the outlook for the US economy. The US Federal Trade Commission has expanded its investigation into big tech companies. The agency ordered Alphabet, Amazon, Apple, Facebook and Microsoft to provide detailed information into their takeover of smaller companies between 2010 and 2019. On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust, Iris Pang from ING Wholesale Banking and RTHK’s International Economics Correspondent, Barry Wood.
12/02/2020 - 8:08am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, expects the coronavirus' economic impact to be limited to Asia, unless we see major community outbreaks in other parts of the world.
Iris Pang, Greater China Economist at ING says that although the Chinese government has allowed some factories to resume production, operations are unlikely to return to normal soon and she predicts first quarter GDP in China to drop to 5%.
Barry Wood, RTHK's International Economics Correspondent highlights that in spite of the disruption to supply chains, the global economy and the US in particular, hasn’t been impacted.