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 shares plunged Monday and equity markets in Europe and the US slumped as the crisis at indebted property developer China Evergrande deepened and contagion rippled across financial markets. Shares of Evergrande and its subsidiaries tumbled along with other real estate stocks and bank and insurance shares which are seen as being affected by the fallout. Last week, Chinese authorities told major lenders not to expect interest payments from the firm this week.
21/09/2021 - 8:09am Business and Market Discussion
Will Denyer, US Economist at Gavekal says that the US Federal Reserve needs to review the rules and regulations on what securities Fed members can purchase to avoid a conflict of interest.
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia believes that the China Evergrande crisis could be the tip of the iceberg and develop into a wider property market slump.
21/09/2021 - 8:24am View from Japan
The threat of the Delta variant of Covid-19 hit Asian markets on Tuesday following sharp falls for European and US shares on Monday amid fears that new outbreaks of the virus would hit global growth. But US stocks bounced back yesterday, recovering most of Monday’s losses.
21/07/2021 - 8:09am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust comments on the number of people leaving Hong Kong permanently in recent weeks and the impact on the local economy and unemployment rate.
Dickie Wong, Head of Research at Kingston Securities sees the Hong Kong economy recovering as services sector job growth improves, especially in restaurants as people are willing to dine out.
RTHK’s International Economics Correspondent, Barry Wood reports that US companies are concerned about the National Security Law and some worry about data privacy and data transmission issues.