Peter Lewis: A fast moving and topical business and finance show.
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 from 8 a.m. to 8.30 a.m. every weekday morning 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 "MoneytalkR3") .
Canadian Prime Minister Justin Trudeau has announced at Davos that the Trans Pacific Trade Partnership will be revived without the US. The 11 remaining members of the trade pact that the US rejected last year, have solved their differences and aim to sign an agreement in March.
There has been swift reaction to the Trump Administration’s decision to impose tariffs of up to 30% on foreign imports of solar panels and 50% on washing machines. The South Korean government said it would complain to the World Trade Organisation. China, the world's biggest solar panel producer, said the move was an "overreaction" and pledged to "work with other WTO members to resolutely defend its legitimate interests".
In the markets, Hong Kong stocks have closed at a record high for the 6th consecutive day. On Wall Street, US stocks are at a record high for the 12th time this year and surging stock prices have created the first $300bn exchange-traded fund. Assets at State Street’s SPDR S&P 500 fund have hit that milestone this week, 25 years after the ETF first started trading.
On today’s programme are Stewart Aldcroft of CitiTrust and Andrew Collier from Orient Capital Research. Providing the view from the mainland this morning is Yu Shui of ToWin Investment in Beijing.
24/01/2018 - 8:09 Business and Market Discussion
Talking about Oxfam's latest report which reveals 42 wealthy people own the same amount of wealth as the world's poorest 50 percent of the population, Stewart Aldcroft, Chairman of CitiTrust, says that many wealthy people are planning to give away their entire wealth to good causes after they die, and that is something that should be praised and encouraged.
Andrew Collier, Managing Director at Orient Capital Research, says that Canadian Prime Minister Justin Trudeau wants to demonstrate how the Trans Pacific Partnership is advantageous to the economy and trade and he hopes the US will re-join the alliance.
24/01/2018 - 8:26 View from China
Yu Shui, Chief Investment Officer of ToWin Investment in Beijing, comments that the first tariffs from the Trump Administration will not trigger a trade war but only trade friction between China and America. Mr. Yu adds that China does not want to start a trade war with the US since the Chinese economy is climbing, the deleveraging is still in progress and the Chinese authorities are trying to stabilise the RMB.