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") .
Progress with the vaccination campaign in the United States has sparked a sharp rebound in jobs and spending. Initial jobless claims fell by 193,000 to 576,000 in the week ending April 10, a pandemic era low. Retail sales surged by a seasonally adjusted 9.8% in March compared with the previous month, the second biggest increase on record and blowing past economists’ forecasts for a 5.9% rebound.
16/04/2021 - 8:09am Business and Market Discussion
16/04/2021 - 8:23am View from India
The International Monetary Fund has called on governments to raise taxes on the wealthy to help pay for the cost of Covid and to reduce inequality. The Fund said a temporary tax on wealth or high incomes “would help the worst affected by the pandemic feel a sense of cohesion, improve access to basic services, enhance safety nets, and reinvigorate efforts to achieve sustainable development goals. A special excess profits tax for companies that made unusually high returns in 2020 should also be considered, the Fund said.
08/04/2021 - 8:09am Business and Market Discussion
Personal Wealth Adviser Enzio Von Pfeil thinks that the IMF’s proposal that government’s consider a wealth tax will not work and will not lead to economic recovery.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai warns that the sale of a 2% stake in Tencent by the company’s biggest shareholder, Prosus, will be a drag on the share price.
08/04/2021 - 8:23am Global Sovereign Ratings