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 shares plunged Monday and equity markets in Europe and the US slumped as the crisis at indebted property developer China Evergrande deepened and contagion rippled across financial markets. Shares of Evergrande and its subsidiaries tumbled along with other real estate stocks and bank and insurance shares which are seen as being affected by the fallout. Last week, Chinese authorities told major lenders not to expect interest payments from the firm this week.
21/09/2021 - 8:09am Business and Market Discussion
Will Denyer, US Economist at Gavekal says that the US Federal Reserve needs to review the rules and regulations on what securities Fed members can purchase to avoid a conflict of interest.
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia believes that the China Evergrande crisis could be the tip of the iceberg and develop into a wider property market slump.
21/09/2021 - 8:24am View from Japan
US Federal Reserve Chairman Jerome Powell has made a plea for more fiscal stimulus from Congress saying providing too little support for the American economy would be far more dangerous than offering excessive help. He said, “the recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods.”
07/10/2020 - 8:09am Business and Market Discussion / US economy
Stewart Aldcroft, Chairman of CitiTrust warns that the worst for the global economy is yet to come, as many countries around the world are still assessing the economic impact of Covid-19.
Tariq Dennison, Portfolio Manager at GFM Asset Management supports further stimulus to boost the US economy and hopes that future relief packages will be targeted at the most stricken sectors.
RTHK's International Economics Correspondent Barry Wood says that US President Donald Trump's decision to abruptly end stimulus relief talks with Democrats comes as a surprise to both sides of the political divide.