Sandra Lam, 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, text us on 63 93 59 25, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
Shares in Hong Kong commodity trader Noble Group, which is listed in Singapore, have crashed 30% before being halted. Credit rating agency S&P has lowered its rating on the company and said “…we believe the company’s capital structure is not sustainable…and the company will face distress and non-payment of its debt obligations over the next 12 months.” In other corporate news, the crackdown on Uber continues with another 21 drivers being arrested.
In the markets, Mainland government bonds are under pressure after further regulatory crackdowns, this time preventing brokers taking loans off banks’ balance sheets. The yield on the Chinese 7-year bond has now risen above its 10-year counterpart. Elsewhere in the markets the Japanese yen and gold have risen following the Manchester terror attacks.
The U.S. is also in focus where Donald Trump has called for $3.6 trillion of spending cuts over the next ten years in his first full budget since becoming President.
Joining this morning's Money Talk to discuss the latest business and finance headlines are Stewart Aldcroft of CitiTrust and Ian Hui of JP Morgan Asset Management. On the phone from Washington D.C. is RTHK’s international economics correspondent Barry Wood. (8am-8.30am, email to firstname.lastname@example.org, text to 63 93 59 25 )
24/05/2017 - 08:08 Business and market headlines
Stewart Aldcroft, chairman of CitiTrust says the arrest of Uber drivers shows how slow to changes Hong Kong law is in everyday live and in this case technology innovations. Ian Hui, global market strategist of JP Morgan Asset Management says some of the actions of china regulators are expected such as slight further slowdown. He says with clampdown on China financing, we might see Chinese banks shift to other ways of financing.
24/05/2017 - 08:20 View from the U.S
US stocks have plunged overnight and the dollar has seen sharp falls as investors take fright over the latest scandal engulfing President Trump. Safe haven assets such as the Japanese yen and US Treasury bonds have surged.Japan and New Zealand have vowed to work together to implement the Trans-Pacific Partnership, despite the US pulling out of the free trade pact. Chinese internet giant Tencent has recorded a profit jump of 58% in the first quarter boosted by revenues from WeChat and online gaming. We discuss the latest market turmoil on today’s Money Talk with Enzio von Pfeil of Odyssey Capital. In Hong Kong last night, Community Business announced which companies topped the Hong Kong LGBT Inclusion Index, the first benchmark of companies’ workplace inclusion practices and initiatives in Asia. Fern Ngai, CEO of Community Business joins the programme along with one of the award winners, Andrew Smith-Plenderleith of J.P. Morgan PRIDE. We shall also get our regular weekly update from Taiwan with Maurice Lu, deputy Chairman of Sinopac Futures in Taiwan.
18/05/2017 - 08:08 Business headlines
18/05/2017 - 08:16 LGBT Inclusion Award
Fern Ngai, CEO of Community Business announced the winners of the Hong Kong LGBT Inclusion Index. She explains that LGBT inclusion is about identity and she says companies should value their employees' background no matter who they are. Andrew Smith-Plenderleith, executive director of Investor Services Asia-Pacific at JP Morgan, tells us what JP Morgan has been doing to implement diversity & inclusion practices.
18/05/2017 - 08:25 View from Taiwan