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") .
China Evergrande has avoided default on one of its offshore bonds after making a last-minute interest payment. Evergrande had missed a US$83.5m coupon payment due on September 23, but on Friday the company deposited the US$83.5m into a bank account at Citibank, ready for payment to bondholders.On Sunday, Evergrande said it had resumed work on more than 10 projects in six cities including Shenzhen.
25/10/2021 - 8:09am Business and Market Discussion
25/10/2021 - Common prosperity
The Bank for International Settlements has warned of a “cataclysmic recession” in Hong Kong because of increasing debt levels. Debt among the city’s non-financial companies reached a record high of HK$10.9 trillion in the first quarter. The BIS said in the banking sector the credit-to-GDP ratio and the debt service ratio were both “flashing red” with debt at a record 322% of Hong Kong’s GDP.
21/10/2020 - 8:08am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust expects at least five years before the airline sector recovers and warns of further job cuts around the world.
David Roche, President & Global Strategist at Independent Strategy observes that the Covid-19 pandemic is accelerating social inequality.
RTHK's International Economics Correspondent Barry Wood highlights that US unemployment stands above the officially reported 7.9% as self-employed individuals are not counted.