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") .
Singapore has announced its third stimulus packages in two months to counter the economic effect of the coronavirus pandemic. The latest measure, worth US$3.55 billion includes the government paying 75% of the first S$4,600 of all local workers’ monthly wages for the month of April.
Japanese Prime Minister Shinzo Abe is expected to announce a state of emergency later today after a rise in confirmed Covid-19 infections despite measures to contain the virus. He’s also expected to propose a stimulus package worth US$1 trillion.
The Confederation of Trade Unions has called on the Hong Kong government to create 50,000 temporary jobs to help those who have lost their livelihoods due to the coronavirus outbreak in the city. It also said those who have lost their jobs or been put on furloughs should be given 80% of the pay they were getting before.
Goldman Sachs has seized shares deposited as collateral by the chairman of Luckin Coffee after he defaulted on a US$518m margin loan. The shares will be sold on behalf of a group of lenders. An internal investigation revealed that sales worth 2.2 billion yuan (US$310.4 million) last year were fabricated.
On today’s Money Talk, we’re joined by Connie Bolland of Economic Research Analysis and James McCormack from Fitch. Later in the programme, we’ll talk about the first quarter MPF performance with Francis Chung of MPF Ratings.
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