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") .
Hong Kong is preparing for the expected visit of President Xi Jinping tomorrow in his first trip outside the mainland since the pandemic began. It will also be his first appearance in Hong Kong since the 2019 protests. He is expected to arrive in Hong Kong today for the 25th handover anniversary on Friday for a two-day visit, although it is believed he will not stay in Hong Kong overnight, having elected to spend the night in Shenzhen instead.
30/06/2022 - 8:08am Business and Market Discussion
Personal Wealth Adviser, Enzio Von Pfeil thinks that the SAR government could put more emphasis on vocational training and improving the overall English speaking standards for youths, so they can develop more in the I&T sectors.
Carlos Casanova, Senior Asia Economist at UBP believes that the SAR government can diversify its economy and break the dominance of large business groupings to increase the competitiveness between companies.
Federal Reserve chairman Jerome Powell has told Congress that the US economy is resilient but warned a recession is “certainly a possibility” and avoiding a downturn now largely depends on factors outside the Fed’s control. In his testimony to the Senate banking committee yesterday, Mr. Powell said it was now more challenging for the central bank to combat soaring inflation while maintaining a strong job market because factors such as the war in Ukraine and China’s Covid-19 policy, complicate the outlook.
23/06/2022 - 8:08am Business and Market Discussion
Personal Wealth Adviser Enzio Von Pfeil suggests that trade tariffs are ineffective and cause increasing geopolitical tensions between countries, notably China and the US.
Andrew Sullivan, Managing Director, Outset Global notes that analysts have not yet downgraded US earnings enough to take into account the possibility of a recession.