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") .
China’s foreign ministry has attacked the UK’s ban on using Huawei’s equipment in its telephone networks as “groundless” and said it could cost Britain dearly in investment. The ministry said Beijing would "take measures to safeguard" the "legitimate interests" of Chinese companies.
Meanwhile, US Secretary of State Mike Pompeo said Wednesday America will impose visa restrictions on certain employees of Chinese technology firms, including Huawei, which he accused of providing “material support to the Chinese Communist Party regime that commits human rights abuses.”
The Fed’s Beige book has found that economic activity across America has improved in recent weeks but remains well below where it was prior to the COVID-19 pandemic.
Industrial production in the US climbed 5.4% in June from the previous month, the biggest increase since 2004. However, industrial output remains 10.9% below its pre-pandemic level.
The Hong Kong Tourism Board reported Wednesday that the number of visitors to Hong Kong fell by almost 90% in the first six months of the year. There was an improvement in June as the number of visitors increased by 80% from May as 14,600 people visited the city. But that was still a 99.7% drop from a year ago.
On today’s Money Talk, we’re joined by personal wealth advisor, Enzio von Pfeil, and Alex Frew McMillan, writer at Dragonfly Media. With a view from Taiwan is political risk consultant, Ross Feingold.
16/07/2020 - 8:08am Business and Market Discussion
Personal Wealth Advisor Enzio von Pfeil doesn't see a V-shaped recovery anytime soon in the US, pointing out that the country's economy has to deal with various structural problems.
Alex Frew McMillan, writer at Dragonfly Media says that US stimulus measures would be most beneficial to lower income households, as they are more likely to spend rather than save.
16/07/2020 - 8:24am View from Taiwan
Landlords across Hong Kong are slashing rents in response to Finance Secretary Paul Chan’s request for the city’s biggest property developers to “fulfil their social responsibilities” to support businesses and prevent job losses. US prosecutors have accused Chinese telecoms giant Huawei of stealing technology from six unnamed American companies. The US Department of Justice has already accused the company of stealing technology from T-Mobile and breaking US sanctions on Iran and it said yesterday it was widening the indictment to include the new charges. Britain's Finance Minister has resigned after Prime Minister Boris Johnston ordered him to fire his entire team of advisors. Sajid Javid stood down as chancellor of the exchequer just one month before the budget and was immediately replaced by senior Treasury official Rishi Sunak. Our guests on today’s Money Talk are Francis Lun of GEO Securities and Louis Kuijs from Oxford Economics. With the view from Australia is Toby Lawson at Societe Generale Australia.
14/02/2020 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities warns of the inconsistency between US & European stock markets at record highs and the impact of the COVID-19 coronavirus, saying that markets have been reacting too positively.
Luis Kuijs, Head of Asia Economics at Oxford Economics, believes that the work from home measures implemented by Chinese companies could last beyond the crisis, as companies see the benefits of digital working.
14/02/2020 - 8:23am View from Australia