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.
Manufacturing in China’s private sector grew at the fastest pace in nearly ten years in August. The Caixin/Markit manufacturing PMI came in at 53.1, compared to 52.8 in July. The survey reported the sub-indices for output and total new orders hit their highest levels since January 2011 and the gauge for new export orders also entered expansionary territory for the first time this year.
02/09/2020 - 8:08am Business and Market Discussion
David Roche, President of Independent Strategy highlights that China pumps money into corporations which helps the PMI survey, but the PMI gauge doesn't reflect rising wealth inequality.
Gavin Parry, Managing Director of Parry International Trading says that Warren Buffet's investments in Japan are a vote of confidence for the long term prospects of Japan's economy.
Barry Wood, RTHK's International Economics Correspondent views Tesla's shares price as being in a bubble but he has confidence in the long-term prospects for the electric car industry.