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") .
U.S. President Donald Trump has cancelled his meeting with North Korean leader Kim Jong Un, set for June 12 in Singapore. In a letter to the North Korean leader he said; "Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, to have this long-planned meeting".
Investors have jumped into safe haven assets on the news. Gold, Treasury bonds and the Japanese yen all rose. Elsewhere in the markets the Turkish lira has tumbled again despite the central bank raising interest rates.
Donald Trump’s threat of tariffs on car imports into the US has sparked global condemnation. Critics say the move could disrupt supply chains and undermine the global trading system. Shares in large automakers in Europe, Japan and South Korea fell on the news.
This morning we have with us Francis Lun from GEO Securities and Dickie Wong of Kingston Securities. On the phone from Sydney providing the view from down under is Toby Lawson from Societe Generale Australia.
25/05/2018 - 8:08 Business and Market Discussion
Francis Lun, CEO of GEO Securities, does not believe North Korean leader Kim Jong-un really treasures a summit with President Trump.
Dickie Wong, Executive Director of Research at Kingston Securities, comments that the US economy is still healthy and he doesn’t foresee a sharp downturn in the dollar.
25/05/2018 - 8:24 View From Australia