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") .
China on Saturday imposed taxes on Australian wine ranging from 107% up to as much as 212%. China’s commerce ministry said these were temporary anti-dumping measures to stop subsidised imports of Australian wine.
30/11/2020 - 8:09am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital, says that the Hang Seng’s P/E ratio has been boosted by newly added tech stocks but he warns that this should not be regarded as a barometer of economic performance.
Wendy Liu, Head of China Strategy at UBS, expects 2021 to be a year of rebound for the global economy prompting further rotation into cyclical stocks.
30/11/2020 - 8:24am View from mainland China
US jobless claims surged last week as the coronavirus pandemic shut businesses across America. The number of people filing for unemployment benefits jumped by a record breaking 3.3 million people from 282,000 the previous week.
Singapore's GDP growth tumbled by an annualised 10.6% in the first quarter of 2020 from the previous quarter, the sharpest drop in more than a decade. The city state downgraded its 2020 GDP growth forecast to between minus 4% and minus 1%.
Singapore has tapped into its reserves for only the second time in history and announced a massive S$48 billion (US$33.7 billion) stimulus plan to combat the economic impact of the Covid-19 pandemic. Combined with the measures announced in the budget it brings the total fiscal boost to S$55 billion, or 11% of GDP.
Hong Kong’s Census and Statistics Department reported yesterday exports from the territory slumped 12% in the first two months of the year. Imports fell by 9.3% leaving a trade deficit of HK$69.1 billion in the two-month period.
Joining us on today’s Money Talk are Francis Lun of GEO Securities and Kenny Wen from Everbright Sun Hung Kai. With the view from Australia is Toby Lawson at Societe Generale Australia.
27/03/2020 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities says that both Hong Kong and Mainland China should expect further economic contraction with as much as negative 10% growth, quarter-on-quarter.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai highlights that the world economy is more likely to see a U-shaped recovery, as he forecasts a lengthy process of returning to normalcy.