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") .
South Korea has become the latest country to raise interest rates to tackle inflation. In a move that was widely expected, the Bank of Korea on Thursday raised its policy rate for the second time in three months, by 25bps to 1%.
26/11/2021 - 8:08am Business and Market Discussion
Nate Taplin, Asia Editor, at the Wall Street Journal’s Heard on the Street thinks that the Hong Kong stock market is not affected by the SAR’s closed borders, but rather by the regulatory crackdown and reforms in mainland China.
Carlos Casanova, Senior Asia Economist at UBP notes that South Korea is one of the first economies to break out of the Covid19 slump, but he worries about surging home prices and inflation.
26/11/2021 - 8:24am View from India
At the COP26 UN climate change summit in Glasgow, more than 100 world leaders have agreed to end deforestation by 2030, in the climate summit's first major deal. The signatories cover around 85% of the world’s forests and include Brazil, where large parts of the Amazon rainforest have been cut down. In the private sector, 30 of the world's biggest financial institutions, managing nearly US$9 trillion in assets, will commit to end investment in activities linked to deforestation by 2025. Also at COP26, the US and the EU announced a global partnership to cut emissions of the greenhouse gas methane by at least 30% by 2030. More than 100 countries have signed up to the Global Methane Pledge but China, Russia and India, some of the world's top methane emitters, aren’t among them.
03/11/2021 - 8:09am Business and Market Discussion
Patrick Bennett, Macro Strategist at CIBC World Markets predicts that the US Federal Reserve will start to scale back its asset purchases this month but that will not lead to interest rate rises for the foreseeable future.
David Roche, President and Global strategist at Independent Strategy expects to see worsening relations between the US and China on a range of issues over the next few years.
RTHK’s International Economics Correspondent, Barry Wood thinks that the COP 26 climate change summit has exceeded expectations.