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") .
Hong Kong’s markets regulator, The Securities and Futures Commission, has handed out a record HK$2.7 billion fine to Goldman Sachs for its role in Malaysia's multibillion-dollar 1MDB scandal. The SFC said serious lapses and deficiencies in management controls at Goldman Sachs (Asia) had contributed to the misappropriation of US$2.6 billion raised by the Malaysian sovereign wealth fund. Goldman Sachs said that it will seek to claw back US$174 billion from current and former bankers over their role in the scandal, with two former Hong Kong-based executives among those facing big claims.
23/10/2020 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities says that apart from Chinese state-owned airlines, the airline industry around the world is going to see more layoffs.
Nate Taplin, Asia Editor at the Wall Street Journal's Heard on the Street observes that Hong Kong remains behind other developed economies when it comes to providing support measures for the unemployed.
23/10/2020 - 8:23am View from India
China's National Bureau of Statistics reported yesterday that profits at industrial firms remained resilient in August, rising 19.1% from a year ago, slightly less than the 19.6% y/y surge in July. In month-over-month terms, profits fell 1.6% in August.
28/09/2020 - 8:10am Business and Market Discussion
Brad Gibson, Co-Head of APAC Fixed Income at AllianceBernstein says that new stimulus measures in the US could lead to a short-term boost but warns that it could engulf the country's economy into a debt trap.
Gavin Parry, Managing Director at Parry International Trading observes that China's stimulus measures work because of consumers' reliance on the domestic market and government supervision of production.
28/09/2020 - 8:23am View from mainland China