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") .
A series of geopolitical risks have rattled global markets. The deteriorating relationship between the US and China, the breakdown in Brexit talks, the disappearance of dissident Saudi journalist Jamal Khashoggi, the big losses by German Chancellor Angela Merkel's coalition partner the CSU in Bavarian elections, the impasse over Italy’s budget combined with warnings from the IMF/World Bank meetings on global growth have left investors rattled this morning. Chinese stocks have hit a four-year low, US stocks have endured a volatile session and gold has rallied.
In addition, debt is in focus. The latest US Treasury department data shows the US budget deficit this year has widened to the largest since 2012 after President Trump increased spending and cut taxes.
Former Federal Reserve chair Janet Yellen has criticised Donald Trump's recent attacks on the US central bank, calling them "damaging to financial stability".
16/10/2018 - 8:08 Business and Market Discussions
Connie Bolland of Economic Research Analysis comments that the world does not need another oil price rise, and that inflation will cause problems for emerging market countries.
Mandarin Capital's Sam Faveur believes that it is ludicrous to compare the decline in China A's share market this year with the US market in 1929 as Donald Trump has done.
16/10/2018 - 8:30-9:00 Paul Ryan and David Constello on Ireland Economy and Brexit
Paul Ryan, Head of the International Finance Division in the Irish Department of Finance points out that the Sino-US trade war is damaging the global economy and a no-deal Brexit will be disastrous for the future of UK and bad for Ireland.
David Costello, Irish Consul General to Hong Kong and Macau talks about the wider consequences of the Irish border problem and the Good Friday agreement
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