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") .
A slump in tech stocks and a big fall in metal prices has sent Asian shares sharply lower by the close. But tech stocks in the US managed to stage a small recovery overnight.
Bitcoin has broken above $13,000 to a new record high just a few hours after breaching the $12,000 level for the first time. It’s now has a bigger capitalization that 97% of America’s largest companies.
Australia’s economy grew at a slower pace than expected in the last quarter. GDP expanded 0.6% cent quarter on quarter in the three months to September, slightly below economists’ forecasts.
The Bank of Canada has left interest rates unchanged at 1% after its latest monetary policy meeting. India has also left its interest rates on hold at 6%. But the Brazilian central bank cut its benchmark rate by half a per cent to an all-time low of 7%.
Joining the programme this morning is our regular Thursday guest and economist Dr. Enzio von Pfeil. With him to review the latest business headlines is Andrew Collier, of Orient Capital Research. On the phone from Taipei to provide the view from Taiwan is Maurice Lu, deputy chairman of Sinopac Futures in Taiwan.
07/12/2017 - 8:07 Business and Market Discussion
Economist Dr. Enzio von Pfeil comments that Asia is the region with the biggest bonuses and therefore the Asian markets are experiencing huge declines.
Andrew Collier, Managing Director at Orient Capital Research, says that Bitcoin is a currency with no real value and it cannot generate cash flows, thus he does not regard it as an emerging asset class.
07/12/2017 - 8:24 View from Taiwan