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") .
It normally takes a day or so for investors to decide how to interpret a Fed rate decision. The early indications are that markets are starting to take the prospects of Fed tightening seriously. The biggest beneficiary has been the US dollar which has continued its rally in morning Asian trading. Gold and gold mining shares have drifted lower impacted by the firmer dollar. The weaker yen has sent Japanese stocks higher.
The Hong Kong Monetary Authority warned on Thursday that the impact of the decision by the US Federal Reserve to start unwinding its massive balance sheet was still uncertain and may have an effect on international financial markets, including capital flows and leading to more volatile asset prices.
The Bank of Japan has left interest rates unchanged following its monetary policy meeting. The surprise was the vote was not unanimous with the newest board member Goushi Kataoka objecting. He said effects of the current yield curve program weren’t strong enough. The BOJ is now 1 year into its novel monetary policy experiment of targeting a ten year JGB yield of zero. That has certainly been more successful than achieving its target of 2% inflation.
Google has struck a $1.1bn deal with Taiwan's HTC to expand its smartphone business. Google will not take a stake in the company but HTC staff will join Google and Google will receive a non-exclusive license for HTC intellectual property. HTC shares are suspended in Taipei.
Investment bank China International Capital Corp jumped 19% at the open in Hong Kong after Tencent announced it had taken a 5% stake and would enter into “strategic cooperation” with CICC.
Joining Friday’s Money Talk are Francis Lun, CEO of GEO Securities and Vincent Lam, Chief Investment Officer at VL Asset Management. On the phone from Sydney is Toby Lawson, CEO of Societe Generale Securities Australia. (8am-8.30am, email to firstname.lastname@example.org)
22/09/2017 - 8:08 Business and Market Discussion
22/09/2017 - 8:22 View from Australia
The Fed's Beige Book reports the US economy growing at a moderate place and inflation pressures contained in the second half of the last quarter. However, the IMF says that over 20% of US companies are at risk of default from rising interest rates. It also warns that China’s credit boom continues to pose a major risk to the global economy.
A branch manager at China's largest private bank Minsheng Bank has been arrested accused of fraud after customers may have lost 3 billian yuan (US$430 m) investing in wealth management products that didn’t exist. On today's Money Talk we are joined by Mark Matthews, head of research at Julius Baer. We also take a look at the EU’s fastest growing economy last year, Ireland, with Peter Ryan, the Consul General of Ireland to Hong Kong & Macau.(8am-8.30am, email to email@example.com, text to 63 93 59 25 )
20/04/2017 - 08:07 Market discussion
20/04/2017 - 08:16 View from Ireland