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") .
Andrew Work continues to sit in for Peter Lewis on Money Talk. This morning he's joined by our regular Wednesday guest, Stewart Aldcroft, of CitiTrust; Patrick Bennett of Canadian Imperial Bank of Commerce; and Barry Wood, RTHK's international economics correspondent in Washington DC. (8am-8.30am, email to email@example.com)
18/10/2017 - 8:08 Business and Market Discussion
Stewart Aldcroft, chairman and managing director of CitiTrust, says before the end of 2017 investors can expect to see China further opening up its capital account to the world, and Hong Kong will benefit from it through the bond and stock connect schemes.
Patrick Bennett, foreign exchange strategist at Canadian Imperial Bank of Commerce, says the Dollar would be under pressure if Donald Trump continues to oppose free trade agreements and instead opts for protectionist policies.
Barry Wood, RTHK’s International Economics Correspondent in Washington DC, says President Trump’s trade policies have been made less strident by the influence of the business community, which is more in favour of the North American Free Trade Agreement than the Trans-Pacific Partnership treaty.
US relations with Russia and China have taken a turn for the worse over the weekend. President Donald Trump has criticised China for failing to tackle North Korea, which test fired another missile on Friday capable of reaching the mainland of the US. In a series of tweets he said; “they do NOTHING for us with North Korea, just talk. We will no longer allow this to continue.” Russia has expelled 755 US diplomats in response to new US sanctions imposed as punishment for conclusions by U.S. intelligence that Russia meddled in the 2016 election.
Economic data released on Friday shows continued improvement in the global economy. US economic growth has picked up speed in the second quarter fueled by an increase in consumer spending. But wage growth has slowed to its weakest in 2 years. That has sent the US dollar and treasury yields lower in the markets.
Hong Kong Chief Executive Carrie Lam says the government needs to intervene more if it wants to compete more with other economies. Her comments appear to signal a possible change of stance on the government's longstanding "positive non-intervention" policy which successive Hong Kong governments have practiced in business and financial matters since the 1970s.
On today’s Money Talk we review the business headlines with Alex Wong of Ample Capital and Mark To from Wing Fung Financial Group. Ben Cavender of the China Market Research Group in Shanghai provides his view from the mainland. In the second half of the programme we are joined by Nicholas Yang, Secretary for Innovation and Technology of the Hong Kong SAR. (8am-9am, email to firstname.lastname@example.org)
31/07/2017 - 08:08 Market Discussion
Alex Wong, Director, Asset Management from Ample Capital thinks that the Fed will be very cautious in pushing interest rates higher. He says e-commerce and automation are dragging down the inflation rate.
Mark To, Head of Research, Wing Fung Financial Group thinks the US economic recovery is on track and that's why the central bank has to normalise monetary policy.
31/07/2017 - 08:20 View from China
31/07/2017 - 8:30 Innovation and Technology