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Money for Nothing

Presenters: Bryan Curtis
Legco elections update / The ECB's actions

On Money For Nothing, we start with our regular Monday correspondent, Barry Wood, who talks to us about the economic situation in the Europe and the USA. We also run through the markets with Richard Harris of the Port Shelter Investment Management. Then we look at what's happening with the Legco elections.   (8am-8.30am,  facebookmoneyfornothing@rthk.hk)


*Legco election results:

* Kenneth Chan of the Civic Party, Sin Chung-kai of the Democratic Party, Tsang Yok-sing and Christopher Chung of the DAB, Regina Ip of the New People's Party, Wong Kwok-hing of the FTU, and Cyd Ho of the Labour Party.
*   New Territories West: The DAB's Leung Che-cheung, Chan Han-pan and Tam Yiu-chung, Alice Mak from the FTU, Michael Tien from the New People's Party, Albert Chan from People Power, the Civic Party's Kwok Ka-ki, unionist Leung Yiu-chung, and the Labour Party's Lee Cheuk-yan.
*  New Territories East: Leung Kwok-hung from the League of Social Democrats, the Democratic Party's Emily Lau, the DAB's Elizabeth Quat and Gary Chan, Raymond Chan from People Power, the Labour Party's Fernando Cheung, James Tien from the Liberal Party, Gary Fan from Neo-Democrats and the Civic Party's Ronny Tong.
*   Kowloon East: The DAB's Chan Kam-lam secured the highest number of votes. Other winners are Alan Leong of the Civic Party, the Democratic Party's Wu Chi-wai, Wong Kwok-kin from the Hong Kong Federation of Trade Unions and Independent Paul Tse.
*   Earlier, the pro-democracy camp won three out of five seats in the Kowloon West constituency - the first to declare results in the 2012 Legco election.
*   However the DAB deputy chairwoman, Ann Chiang, gained the highest number of votes in the district.
*    Incumbent Wong Yuk-man, of People Power, gained the second highest total.
*   Two other pro-democracy lawmakers also won in the constituency - the Democratic Party's Helena Wong and Claudia Mo of the Civic Party.
*   Ms Chiang of the DAB gained more than 47,000 votes.
*  Independent Priscilla Leung, another incumbent, was also re-elected.



8.03 am -Legco elections update and News highlights of the day

RTHK's Francis Moriarty and Baptist University's Prof. Michael DeGolyer give us an update on the Legco elections.

Other new highlights
* China's industrial output grows at the slowest pace in three years

* Lines between fiscal and monetary policy in Europe blur


8.15 am - The ECB's actions

RTHK's economics correspondent praises the ECB's actions. "If everybody practises austerity, how do you get growth?" says Mr. Wood. "I think the ECB is playing the right game."

On the US economy, Richard Harris of Port Shelter Investment Management says "I think The Fed doesn't want to be seen to be influencing elections but the key point is the US economy is not doing too badly."


8.25 am - Legco elections update

Regina Ip of the New People's Party joins us to give us her take on the Legco election results.