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") .
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
Fed Chairman Jerome Powell has sent US stocks and bonds lower after he failed to reassure investors on the inflation outlook. Mr. Powell said the economic reopening could “create some upward pressure on prices,” but he reiterated that the central bank would be “patient” before changing policy. He noted the recent rise in bond yields but said the Fed would need to see a broader increase across the rate spectrum before considering any action.
05/03/2021 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities says that rising US bond yields have led to frenzied selling of Hong Kong stocks, which are dependent upon low interest rates.
Sunil Kashyap, Managing Director at Bank of Nova Scotia, commentating on Hong Kong being dropped from the Heritage Foundation’s Economic Freedom Index, believes that it is difficult for countries to achieve a free economy.
05/03/2021 - 8:24am View from India