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") .
The number of coronavirus cases has now passed 100 million people worldwide in 13 months, according to the latest data from Johns Hopkins University. In the UK, the death toll from Covid-19 passed 100,000 yesterday, marking the fifth country to pass that grim milestone. Three quarters of deaths have been among the over 75s. Just 1% have been in under 45s. More than 6.8m people in the UK have had their first dose of a coronavirus vaccine, according to the latest figures.
The International Monetary Fund has grown more upbeat on the global economy but warns new Covid variants could derail growth. The IMF expects the global economy to grow 5.5% this year, a 0.3 percentage point increase from October’s forecasts.
British MPs have accused HSBC of "aiding and abetting" China’s crackdown on Hong Kong. One MP said HSBC showed "double-standards, hypocrisy and appeasement". The bank’s Chief executive Noel Quinn, appearing before the Foreign Affairs Committee, mounted a robust defence saying that "I can't cherry-pick which laws to follow,” after the bank had frozen accounts belonging to pro-democracy politician Ted Hui and members of his family, and denied the bank had acted on political grounds. Asked if he was prepared to take his company away from Hong Kong if the situation continued to deteriorate, he said "the answer is no".
On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust, Will Denyer at Gavekal and RTHK’s International Economics Correspondent Barry Wood.
27/01/2021 - 8:09am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, says that US regulators may need to step-in to restore orderly markets in the face of a huge short squeeze in some stocks.
Will Denyer, US Economist at Gavekal, highlights that US President Joe Biden's stimulus bill goes beyond addressing the pandemic and touches social issues such as the minimum wage.
RTHK's International Economics Correspondent Barry Wood, warns that in spite of not retaining a majority, Republicans could use filibustering tactics to block Mr Biden's proposed policies.
The Hong Kong government has announced that, from Friday, dine-in services will be allowed at restaurants in the evenings and entertainment venues such as cinemas will reopen as it eases some of the toughest social distancing restrictions implemented in the city to prevent the spread of Covid-19. Chief Executive Carrie Lam called on residents to support the territory-wide testing scheme saying it would kick start the city’s economy.
26/08/2020 - 8:08am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust expects the dual Hong Kong - Shanghai listing of Ant Group to be popular amongst investors and provide a big boost to the Hong Kong and Shanghai exchanges.
Khiem Do, Head of Greater China Investments at Barings says that the commitment to the US-China Phase 1 trade deal by the two countries' trade negotiators will boost US markets.
RTHK's International Economics Correspondent Barry Wood compares the US efforts to combat Covid-19 with Hong Kong, where 40,000 new infections were reported across the United States yesterday.