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") .
Crypto-trading platform Coinbase closed its first day of trading on the NASDAQ at $328 compared to a reference price of $250, valuing the cryptocurrency exchange at $86bn. Founded in 2012, the direct listing propels Coinbase into one of the top 100 most valuable companies in the US. The company, which makes money primarily by charging transaction fees, has benefited from the surge in demand for Bitcoin and Ethereuem. Coinbase had more than 56 million users across more than 100 countries, holds $223bn in users' assets and reported estimated revenue of $1.8bn in the first three months of 2021, more than its total for all of 2020.
15/04/2021 - 8:09am Business and Market Discussion
Personal Wealth Adviser Enzio Von Pfeil suggests that the education gap between the rich and poor is contributing to the unemployment rate in the US.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital thinks that inoculation rates in Hong Kong would increase if the SAR government introduces more incentives for traveling abroad.
15/04/2021 - 8:24am View from Taiwan
The selloff in bonds last week blew up global stocks on Friday. In the US, the NASDAQ Composite Index had its worst week since October despite rebounding on Friday. It ended the session 0.6% firmer following a 3.5% slump on Thursday. But for the week it was down almost 5%. In Hong Kong, the Hang Seng Index tumbled 1,094 points, or 3.6%, the most in nine months. Leading Friday's losses were technology shares with the Hang Seng Tech Index sinking 5.7%.
01/03/2021 - 8:09am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital thinks that the bond market is a "high-risk, low return" sector and might take years for it to recover due to inflation in the economy.
Iris Pang, Greater China Economist at ING Wholesale Banking believes that a full global recovery is still a few years away and the economy is still quite fragile due to the recent recession.
01/03/2021 - 8:24am View from Mainland China