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") .
Global equities have tumbled once again after the boss of pharmaceuticals firm Moderna cast doubt on the effectiveness of existing vaccines against the new Omicron variant of Covid-19 and hawkish comments from Fed chairman Jerome Powell. Moderna CEO Stephane Bancel told the Financial Times yesterday that the rapid spread of Omicron in South Africa suggested that the current crop of vaccines may need to be modified next year.
01/12/2021 - 8:10am Business and Market Discussion
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia notes that mainland China's manufacturing sector is rebounding as the demand for goods is high.
Nick Marro, Lead for Global Trade at the Economist Intelligence Unit, predicts that the US Federal Reserve will raise interest rates sooner than expected to combat inflation.
RTHK’s International Economics Correspondent, Barry Wood says its too soon to know how the Omicron variant will affect the global economy.
The US and other major oil consuming nations will release oil from their strategic reserves in a coordinated bid to bring down high oil prices. The US, which has the world’s biggest reserves, will release 50 million barrels of oil, about 2.5 days’ worth of US oil consumption, and will be joined by China, India, Japan, South Korea and the UK. India will release five million barrels, and the UK 1.5 million barrels, while South Korea, Japan and China will announce the amount and timing of their releases in due course.
24/11/2021 - 8:09am Business and Market Discussion
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai notes that the US and China are working together on different strategies to combat climate change, and he foresees that trade tariffs will reduce in the upcoming months.
David Roche, President and Global Strategist at Independent Strategy, predicts that the US Federal Reserve will raise interest rates by the end of next year by 50 basis points.
RTHK’s International Economics Correspondent, Barry Wood suggests that the release of oil from US strategic reserves will make little difference to the oil markets or bring down inflation.