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") .
House Democrats in the US are crafting a new US$2.4 trillion package of stimulus measures. However, this is smaller than the $3.4 trillion package the House passed in May, and is much larger than what Senate Republicans have said they would accept or the US$1.5 trillion President Trump has indicated he’d be willing to go to.
25/09/2020 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities says that HSBC took contingency measures long ago and could even survive by relying on the Hong Kong market alone should the Chinese government curb the firm's Mainland operations.
Pete Sweeney, Asia Markets Editor at Reuters Breakingviews observes that the large banks' monopoly is eroding as virtual banking is expanding.
25/09/2020 - 8:23am View from Australia
Hong Kong’s Financial Secretary Paul Chan said yesterday the government has spent more than HK$300bn on economic relief measures, equivalent to as much as 11% of the territory's GDP. The fiscal deficit for 2020-21 will be more than HK$300bn and the fiscal reserves will fall to about HK$800bn, which is close to the level seen in 2003 after the Sars crisis. Chief Executive Carrie Lam said the government would launch a new round of its virus relief fund to try and stimulate the economy out of recession. But it appears there will be no further cash handouts.
16/09/2020 - 8:09am Business and Market Discussion
James McCormack, Global Head of Sovereign Ratings at Fitch says that it will take some time before the US inflation rate goes beyond 2% and the Fed is unlikely to raise interest rates for a long time.
Jack Siu, Director & Senior APAC Strategist at Credit Suisse sees further improvement in China's economy but warns that recovery doesn't mean normalcy.
RTHK's International Economics Correspondent Barry Wood thinks that the politicisation of US fiscal policy is going to stay until the November elections.