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") .
China’s State Council has unveiled plans to make Artificial Intelligence a key driver of economic growth by 2025. The government sees priorities such as robotics, driverless vehicles and virtual reality generating 400 billion yuan of economic output by 2025.
In the markets the US dollar is under increasing pressure from political upheavals in Washington and expectations for a reduction in monetary stimulus in the eurozone. The euro is now at a two-year high against the dollar and the US dollar index, measured against a basket of currencies, has fallen to its lowest level since June 2016.
Joining this morning’s Money Talk to review the business headlines are Alex Wong of Ample Capital and Andrew Freris of Ecognosis Advisory. We also get a view from the mainland with Yanun Wu, Chairman of Zhen Rong Bao. Bitcoin has been on a rollercoaster ride over the past couple of months, soaring above $3,000 and then plunging below $2,000 on fears that the digital currency could split into two. Arthur Hayes, CEO of BitMEX tells us what’s been going on. Finally, we take a look at the local shipping industry with Tim Huxley, CEO of Mandarin Shipping. (8am-9am, email to firstname.lastname@example.org)
24/07/2017 - 8:07 Business and Market Headlines
24/07/2017 - 8:20 View from China
24/07/2017 - 8:33 Bitcoin
24/07/2017 - 8:45 Industry Focus: Shipping
Janet Yellen says Trump administration plans for tax reform could have a favourable impact on US productivity growth - but not by much. Speaking to Senators on Capitol Hill she said 3% GDP growth over next two years would be difficult to achieve. Republicans in the U.S. Senate have unveiled the latest version of their healthcare bill which drops a planned tax rollback for the wealthy and scales back cuts to the Medicaid programme for the poor.
Global stocks have hit a new all-time high boosted by a dovish testimony to Congress from Fed Chair Janet Yellen and strong Chinese trade data. Hong Kong stocks have surged to 2-year highs. In South Korea the KOSPI is at a record high and the won is firmer after the Bank of Korea raised its GDP growth forecast this year.Joining today's Money Talk to review the latest business headlines are Francis Lun, CEO of GEO Securities and Andrew Collier, MD at Orient Capital Research. After 8:30, Alister Musgrave, Managing Director & Founder of MoneyHero chats to us. At this week's RISE Conference, we caught up with Don Anderson, Head of Family & Learning Partnerships for APAC at YouTube. You can hear what he had to say about the rapid growth of animation studios in Asia.
14/07/2017 - Part 1 - Business & Market Discussion
Francis Lun, CEO of GEO Securities says because of a low valuation, strong liquidity and inflow of funds from the mainland, the Hang Seng Index can reach 28,000 points very soon.
Andrew Collier, Managing Director at Orient Capital Research says the Chinese government is now making an effort to regulate the banking system in China to control risks so banks in China are worth investing in the short to medium term.
14/07/2017 - Part 2 - Interview with Entrepreneurs
14/07/2017 - Part 3 - Interview with Don Anderson from YouTube