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 firstname.lastname@example.org, 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
US and European stocks have seen a second day of heavy selling after Japan and Italy warned about the spread of the coronavirus and investor concerns intensified over the global impact of the outbreak. Federal Reserve vice-chair Richard Clarida said the central bank was monitoring the latest developments and it anticipated a noticeable impact on Chinese growth in the first quarter. But he said it’s still too soon to speculate about the impact on the global economy, or whether the epidemic will lead to a material change in the outlook. Standard Chartered downgraded its 2020 GDP forecast for Hong Kong, lowering it to negative 2.4% from negative 1.5% due to the impact of the coronavirus outbreak. Against that background, Hong Kong Financial Secretary Paul Chan will deliver his 2020/21 budget this morning under pressure from across the political spectrum to deliver a package of tax cuts, cash handouts to Hong Kong residents and relief measures for businesses. On today’s Money Talk we’re joined by Stewart Aldcroft of CitiTrust, Tariq Dennison from GFM Asset Management and RTHK’s International Economics Correspondent, Barry Wood.
26/02/2020 - 8:09am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, says that the Hong Kong government should pump more money into public services such as education and healthcare in today's budget, rather than cash handouts and costly infrastructure projects.
Tariq Dennison, Portfolio Manager at GFM Asset Management sees rental cuts and stamp duty relief as measures the government should consider.
26/02/2020 - 8:20am Hong Kong Budget preview