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 has sanctioned 11 Americans, including Republican senators Marco Rubio and Ted Cruz, in retaliation for similar US moves against Chinese officials over Beijing's crackdown in Hong Kong. A foreign ministry spokesman said, "China has decided to impose sanctions on some people that behaved badly on Hong Kong-related issues."
Consumer inflation on the mainland accelerated to 2.7% in July from 2.5% the previous month. Food prices rose 13.2% from a year ago, with pork prices climbing 85.7%. China’s National Bureau of Statistics also reported that producers’ prices fell 2.4%, better than the 3% drop the month before.
Hong Kong health officials yesterday reported 69 new local Covid-19 infections of which 22 are of unknown origin. The government said it would extend the current anti-epidemic measures for another week until August 18. The measures include mandatory mask-wearing at all public venues, limiting social gatherings to two people, as well as a ban on dining-in at all restaurants from 6 pm to 5 am.
On Tuesday’s Money Talk, we’re joined by John Marrett, Analyst at the Economist Intelligence Unit and Raymond Yeung, Greater China Chief Economist at ANZ. With a view from Japan is Nick Smith, Japan Strategist at CLSA.
11/08/2020 - 8:09am Business and Market Discussion
Raymond Yeung, Greater China Chief Economist at ANZ expects Hong Kong’s economy to contract further to around 6.8% as the second wave of Covid-19 extinguishes hopes of a short-term recovery.
John Marrett, Analyst at the Economist Intelligence Unit warns that the Chinese government may force China-based US firms to sell their shares to local investors in response to US moves against TikTok.
11/08/2020 - 8:24am View from Japan
There has been a surge in Covid-19 cases and related deaths around the world over the weekend with the World Health Organisation reporting another single day global record yesterday, bringing the total number of cases around the world to over 12.5 million. Outbreaks in Latin America, India and the US continue to intensify. The US state of Florida reported 15,000 new cases, the largest single-day jump in new cases for any US state.
Hong Kong confirmed another 38 new cases of Covid-19 on Sunday, with 30 of them locally acquired infections and the rest linked to overseas travel. The Centre for Health Protection urged people to stay at home and avoid social gatherings, warning that the situation in Hong Kong was “getting a bit out of hand.”
US President Donald Trump suggested on Friday that he has lost interest in a Phase 2 trade deal with China. Speaking on board Air Force 1 on his way to a rally in Florida, he told reporters, “I don’t think about it now. I have many other things in mind,” when asked about the possibility of another deal.
On today’s Money Talk, we’re joined by David Roche at Independent Strategy and Nitin Dialdas from Mandarin Capital. With a view from mainland China is Ben Cavender of the China Market Research Group.
13/07/2020 - 8:09am Business and Market Discussion
David Roche, President & Global Strategist at Independent Strategy warns that China and the US are now in a Cold War but predicts US sanctions to remain targeted at individuals rather than financial institutions.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital highlights believes that the US is still committed to the Phase 1 trade deal.
13/07/2020 - 8:24am View from mainland China