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") .
In Germany, Chancellor Angela Merkel is set for a fourth term as leader, following federal elections. But the three major parties achieved their lowest share of the vote since 1949. Projections put the far-right Alternative for Germany (AfD) in third place. It will be the first nationalist, right-wing party to enter the German parliament since World War II.
In New Zealand, there is uncertainty after the election there. Prime Minister Bill English's ruling National Party fell short of a majority and the opposition leader has refused to concede defeat.
Hong Kong has lost its AAA credit rating. S&P lowered its long-term rating on Hong Kong by one notch to AA+ after it cut its credit rating on China last week.
And the UK has also had its credit rating cut by Moody's as a result of Brexit uncertainty. Speaking on Friday, UK Prime Minister Theresa May said that Britain wanted a transition period “of about two years” after Brexit in March 2019, and that it would honour its financial commitments in that period.
On today's Money Talk the focus will be on the German federal election. Joining the programme are Alex Wong, Director of Asset Management at Ample Capital, Wolfgang Niedermark, Chief Representative of German Industry and Commerce and Peter Hefele, Director of the Konrad Adenauer Foundation, a German political think tank. (8am-8.30am, email to firstname.lastname@example.org)
25/09/2017 - 8:08 German Election Results
Alex Wong, Director of Asset Management at Ample Capital reckons the market is still in a risk-taking mode, therefore, neither the German election results or the upcoming coalition talks would cause instability in the market.
Wolfgang Niedermark, Chief Representative of German Industry and Commerce says the incoming government is pro-business and progressive and therefore likely to speed up digitization in Germany to improve the country’s competitiveness.
Peter Hefele, Director of the Konrad Adenauer Foundation says China and Germany should work together on climate change issues since President Trump has withdrawn from the Paris climate change accord.
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