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Business and Market Discussion / View from Australia

2020-05-22

Business and Market Discussion / View from Australia

2020-05-22
 Beijing will move ahead with introducing national security legislation here in Hong Kong, bypassing the local legislature. A spokesman of the National People's Congress said at a press conference yesterday evening that the proposal would strengthen "enforcement mechanisms" here and uphold “national security."






President Trump said “we are not closing our country” if the US is hit by a second wave of coronavirus infections. All 50 states have now begun some level of reopening, including New York, the epicentre of the crisis in the US.

Another 2.4 million US workers claimed unemployment benefits last week, bringing the total since mid-March to 38.6 million. Almost a quarter of the workforce have now filed for unemployment and nearly half of American households have lost income since the pandemic lockdowns came into effect two months ago.
Business activity in the US, Europe and Japan continued to fall in May, but the pace of declines slowed. IHS Markit’s composite Purchasing Managers Indices showed a third month of contraction for the three regions with continued job cuts and weak demand.
On today’s Money Talk, we’re joined by Francis Lun of GEO Securities and Le Xia from BBVA Research. With a view from Australia is Toby Lawson at Societe Generale Australia.






Money Talk

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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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