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") .
Trade tensions have been laid bare at the G20 finance ministers meeting in Buenos Aires over the weekend after US President Donald Trump said on Friday he’s ready to impose tariffs on all US$500bn of Chinese imports. U.S. Treasury Secretary Steven Mnuchin backed his President saying that punitive tariffs on the entirety of China’s US$500 billion exports to the US was a “realistic possibility.” He told the EU “if Europe believes in free trade, we're ready to sign a free trade agreement with no tariffs, no non-tariff barriers and no subsidies. It has to be all three." French Finance Minister Bruno Le Maire accused the US of resorting to the “law of the jungle” in imposing unilateral tariffs and said it risked undermining the global economy. He said, the EU wouldn’t negotiate with the US with “a gun to our head.”
President Trump has repeated his criticism of the Fed for raising rates and blamed a strong dollar on currency manipulation by China and the European Union. On Friday the PBOC weakened the yuan fixing by the most in 2 years and the Chinese currency slipped to a 12-month low versus the dollar. President Trump’s comments slammed the dollar lower on Friday, raising fears that the trade war is morphing into a currency war.
23/07/2018 - 8:08 Business and Market Discussions
Alex Wong, Director of Asset Management from Ample Capital explains that the divergence between the performance of the China and US stock markets is because Chinese companies have more leverage whereas US stocks are more asset rich.
Hao Hong, Head of Research and Chief Strategist at Bocom International says that mainland stocks haven’t reached a bottom yet and it will be a process to form the low.
23/07/2018 - 8:33 Monday Debate: Innovation and Technology
Hong Kong Science and Technology Parks' CEO Albert Wong says Hong Kong can be the hub for research and development because there are four universities that rank top 100 in the world, whereas there are none in Southern China. He says the challenge is to connect this to China and the rest of the world.
Pindar Wong, Member of the Hong Kong government’s Committee on Innovation, Technology and Re-industrialization talks about the changes needed in the education system so that young people can be more innovative.
Good morning. The Fed has left interest rates unchanged following its latest monetary policy meeting and will start reducing its $4.5 trillion balance sheet “relatively soon.” In the markets US stocks have hit new all-time highs and the euro has surged to a 2 and-a-half year high. Shares in Facebook have hit a new record high in after-hours trading after reporting a 71% increase in earnings.
Taiwanese iphone maker Foxconn has announced plans to invest $10 billion in a new manufacturing facility in the US state of Wisconsin that will eventually create up to 13,000 jobs.
Joining today’s Money Talk are Enzio von Pfeil of Odyssey Capital and Patrick Bennett from CIBC. Maurice Lu from Sinopac Futures gives us a view from Taiwan. After 8:30 we examine the state of Chinese manufacturing with Professor Albert Park from Hong Kong University of Science and Technology.
The IMF earlier this week forecast that India would be one of the fastest growing regions in the world. To give us his outlook for India we’re joined by Naveen Kulkarni, Co-Head of Institutional Equity Research at Phillip Capital in Mumbai. (8am-9am, email to email@example.com)
27/07/2017 - 08:08 Market Discussion
27/07/2017 - 08:33 Challenges facing Chinese Manufacturers
27/07/2017 - 08:45 Emerging Country Focus: India