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 share prices of US banks are surging in after-hours trading after the Fed’s second round of stress tests approved the share buyback and dividend distribution plans of all but one of the 34 banks involved. Elsewhere in the markets, it has been a volatile day for the euro and the British pound and European government bonds as central banks struggle to explain their plans for exiting monetary stimulus.
There have been further losses for some small caps stocks listed on the Hong Kong Stock Exchange following a 40% or more plunge on Tuesday. The stocks are part of “The Enigma Network”, identified by HK investor and analyst David Webb as dubious companies with poorly disclosed cross-share holdings. David Webb joins today’s Money Talk to discuss the turmoil in Hong Kong’s small cap market. Before that, Enzio von Pfeil of Odyssey Capital and Andrew Peaple, Deputy Asia Finance Editor at The Wall Street Journal review the latest business and finance headlines. (8am-8.30am, email to email@example.com)
29/06/2017 - 8:08 Business & Finance Discussion
Enzio von Pfeil, group economist at Odyssey Capital Group says that central bankers are working with a “horse buggy repair manual” when dealing with inflationary pressures, and that these out-of-date frameworks are not a very efficient guide for monetary policy.
Andrew Peaple, Deputy Asia Finance Editor at Wall Street Journal says that the Fed’s bank stress tests are a good framework and have helped banks in the U.S. recover strongly since the financial crisis.
29/06/2017 - 8:22 The Enigma Network – with David Webb
Vodafone is merging its Indian unit with local mobile phone company, Idea Cellular, to create the largest telecoms operator in India.
South Korea has complained to the World Trade Organisation about China, saying it has placed restrictions on its goods in retaliation to South Korea's deployment of an anti-missile system.
UK Prime Minister Theresa May will begin the two-year countdown to Brexit on March 29.
Chinese companies have been warned by the mainland regulator on their overseas acquisitions telling them they could be a “rose with thorns.”
In the markets, US stocks are mixed as FBI director James Comey confirms that the agency is investigating Russian interference in the US election and links between the Trump campaign and the Russian government. The Hang Seng Index has hit its highest level in a year and a half.
On today's Money Talk, we are joined by Patrick Bennet of CIBC and Marc Franklin of Conning Asia Pacific. And William Pesek of Barron’s Asia joins us on the phone from Tokyo. (8am-8.30am, email to firstname.lastname@example.org, text to 63 93 59 25, )
21/03/2017 - 08:08 Market discussion
21/03/2017 - 08:22 View from Japan