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") .
Hong Kong’s Secretary for Commerce and Economic Development, Edward Yau, says the proposed new US tariffs on Chinese goods will hit Hong Kong hard with almost half the Chinese exports going to the US via Hong Kong being affected. He said that a second round of tariffs would affect about HK$130 billion worth of Chinese exports to the US via Hong Kong – about 2.2% of the city’s total exports.
The IMF has warned that the global expansion has plateaued and become less balanced because of rising trade tensions. The Fund says that Donald Trump’s imposition of tariffs on imports could knock almost 15% off global growth by 2020.
In the latest economic data, China’s economy softened a little in the second quarter but was still above the government’s target of around 6.5% growth. US consumer spending rose for the fifth month in a row last month.
Joining this morning’s panel discussion are Wendy Liu from Nomura and Jack Siu of Credit Suisse. Providing the view from Japan is Nick Smith from CLSA in Tokyo. After 8:30, we’ll explore the latest developments in robotics with Eden Lu and Mark Mak founders of Roborn Dynamics. In this week’s emerging markets segment we shall discuss Indonesia with Vasuki Shastry, Asia House Board Member & Author of "Resurgent Indonesia: From Crisis to Confidence".
17/07/2018 - 8:09 Business and Market Discussion
Wendy Liu, Head of China Equity Research & Chief Equity Strategist for Greater China at Nomura International, says the Mainland economy is doing well and the slowdown so far is minimal.
Jack Siu, Director & Senior Investment Strategist for Asia Pacific from Credit Suisse, is confident that the China government can maintain its GDP growth target, and he expects the growth rate will be 6.5% by the end of the year.
17/07/2018 - 8:25 View From Japan
17/07/2018 - 8:35 Tech Report : Robotics
17/07/2018 - 8:46 Emerging Markets Update : Indonesia
US markets have been rattled by reports that China is considering halting purchases of US Treasuries in response to the US blocking investment by Chinese companies. The US dollar, Wall Street stocks and Treasuries have all fallen. Mexican and Canadian stocks and their currencies also fell sharply after a Reuters report which cited 2 government officials as saying that President Trump would pull the US out of the North American Free Trade Agreement later this month.
In the latest economic data out of the mainland, annual growth in producer prices last year rose at the fastest pace in 9 years. That has brought to an end 5 consecutive years of contraction. However, consumer prices slowed in 2017 brought down by falls in the price of pork and fresh vegetables.
Toyota and Mazda have confirmed that they have chosen the US state of Alabama as the site for the new $1.6bn US assembly plant they announced last year. The plant, will have an annual production capacity of 300,000 units and create up to 4,000 jobs and is expected to start operation in 2021.
Joining today’s Money Talk are our regular Thursday guest and economist Enzio von Pfeil and Robert Howe the Founder & CEO of Geomatrix. Providing the view from Taiwan is Maurice Lu, deputy Chairman of Sinopac Futures in Taipei.
11/01/2018 - 8:08 Business and Market Discussion
Economist Enzio von Pfeil comments that concern over inflation is yesterday’s news and he adds that the market has been over-reacting.
Robert Howe, the Founder & CEO of Geomatrix, describes China's move to scale back or halt purchases of US government debt as a "bully tactic" and a warning to President Trump over his trade policies.
11/01/2018 - 8:25 View from Taiwan