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") .
US stocks have rallied after James Bullard, president of the St Louis Fed, warned that the Fed needed to be careful not to raise rates too fast this year to avoid slowing the economy too much. That sent shares on Wall Street soaring higher in early trade only for them to give up most of those gains by the close.
The minutes of the last European Central Bank meeting show policy makers in the Eurozone concerned about the strength of the euro and fearing that the Trump Administration was deliberately trying to engage in currency wars.
A top diplomat at the US Treasury said that the US must do more to confront China on trade. David Malpass, the Treasury's undersecretary for international affairs, accused Beijing of “patently non-market behaviour” and said that economic liberalisation on the mainland had gone into reverse.
China's tourism industry earned revenue of 475bn yuan ($75bn) during the Lunar New Year holiday, up 12.6% from the previous year. Chinese holidaymakers made 390 million passenger trips by rail during the week long holiday and spent $146 billion in retail sales and $850 million on movie tickets. 800 million Tencent users sent digital red envelopes and shared nearly 3 billion posts on line.
Joining today’s programme are Francis Lun of GEO Securities and Kenny Wen from Everbright Sun Hung Kai. Providing the view from Australia is Toby Lawson at Societe Generale in Sydney.
23/02/2018 - 8:08 Business and Market Discussion
Francis Lun, the CEO of GEO Securities, is of the view that the Hong Kong government should halve the local tax rate from 15% to 7.5% in this year's Budget.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai, advises investors to prepare for another correction in stocks once the U.S.10-year treasury yield reaches 3%.
23/02/2018 - 8:23 View from Australia
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