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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
The Fed looks set to defy Donald Trump and continue raising interest rates. The minutes of the central bank’s September monetary policy meeting show a unanimous decision to raise rates by 25bps with several members seeing a need to continue raising rates beyond the long-run level.
The US Treasury department has backed away from naming China as a currency manipulator in its latest report on the currency practices of its foreign trade partners. No country was designated a currency manipulator, but China remains on the watch list along with Japan, South Korea, India, Germany and Switzerland.
The US says it intends to negotiate three separate trade agreements with Japan, the UK and the EU. However, trade discussions with the EU to eliminate trade barriers on non-automotive industrial goods, following an agreement between Donald Trump and European Commission president Jean-Claude Juncker over the summer, have hit a roadblock with both sides accusing the other of dragging their feet.
The US said it would negotiate a free trade agreement with the UK as soon as it leaves the EU. However, Brexit negotiations are deadlocked, and European Council President Donald Tusk said he had "no grounds for optimism." UK Prime Minister Theresa May addressed the EU27 leaders in Brussels last night but had no new proposals over how to avoid a hard border between Northern Ireland and the Irish Republic.
On Money Talk we’re joined by our regular commentator and personal wealth advisor, Enzio von Pfeil along with Jack Siu from Credit Suisse. On the phone from Taipei is Ross Feingold, senior advisor for D.C. International Advisory.
18/10/2018 - 8:08 Business and Market Discussions
Personal Wealth Advisor Enzio von Pfeil comments on Donald Trump's remarks that the US Fed is his biggest threat because it is raising rates too fast. Mr von Pfeil says the real threat is President Trump himself who risks inflation because of rising oil prices and tariffs.
Jack Siu, Director & Senior Investment Strategist for Asia Pacific, Credit Suisse says the efforts made by the Shenzhen government to support listed companies hurt by the market collapse could help stabilise the stock market.
18/10/2018 - 8:20 View from Taiwan