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") .
China has unexpectedly cut key interest rates as the latest economic data showed an alarming slowdown in the economy. The People’s Bank of China cut both the 1-year Medium Term Lending Facility and 7-day reverse repo rates. 1-year MLF loan rates were reduced by 10 basis points to 2.75% from 2.85%. The 7-day reverse repo rate was cut by 10bps to 2% from 2.1%.
16/08/2022 - 8:09am Business and Market Discussion
Martin Hennecke, Head of Asia Investment Advisory at St. James's Place Wealth Management warns that the property sector remains a drag on the mainland economy..
Iris Pang, Chief Greater China Economist at ING Wholesale Banking has cut her 2022 growth forecast for China from 4.% to 4.0%, but is more optimistic than many analysts.
16/08/2022 - 8:25am View from Japan
A two-day citywide Covid testing exercise of Macau’s 600,000 population came to an end on Tuesday. Officials said 49 people had so far been confirmed to have the virus and they asked all residents to conduct antigen self-tests today. 700 people were locked down inside the Fortuna Hotel on Tuesday after a cluster of cases were found there. Officials in the territory announced a funding package worth 10 billion patacas to help businesses and individuals hit by the mandatory testing exercise, which began on Sunday and saw schools closed and members of the public advised not to go to work.
22/06/2022 - 8:09am Business and Market Discussion
Asian Fund Management Industry Consultant, Stewart Aldcroft, predicts that the US, EU and Japan are at risk of recession, and he foresees extreme uncertainty for a long time.
Dickie Wong, Head of Research at Kingston Securities thinks that even if the US removes tariffs on Chinese goods, geopolitical tensions will still remain.
RTHK’s International Economics Correspondent, Barry Wood says that investors will be closely watching Jerome Powell’s testimony before Congress later today for clues as to whether the Fed will raise interest rates by 75bps again in July.