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") .
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
Hong Kong and Singapore have agreed on the world’s first two-way travel bubble. Residents will be able to fly between the two places without having to be quarantined provided they have first taken a Covid-19 test recognised in each place. The two governments hope the scheme could be launched within weeks.
16/10/2020 - 8:09am Business and Market Discussion
Francis Lun, CEO of GEO Securities hopes that the Hong Kong Stock Exchange can review its contingency mechanism and remain open during typhoon signals.
Betty Wang, Senior China Economist at ANZ says that two major factors are driving China's upsurge in imports: first, a possible US ban on Chinese technologies and second, an acceleration of the Phase 1 trade agreement.
16/10/2020 - 8:24am View from India