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") .
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
China has dismissed as "fake news" suggestions that it could slow or halt purchases of US Treasuries. China's State Administration of Foreign Exchange said in a statement: "We think this story could be quoting a mistaken source or it could also be a piece of fake information." US stocks and treasury bonds have advanced overnight as a result.
US inflation has gone into reverse falling for the first time in a year and a half. The producer price index fell 0.1% in December. Economists had been expecting a rise of 0.2%. Meanwhile economic confidence in the US has hit a 17-year high. But jobless claims unexpectedly climbed to a 3-month high.
Germany has released its economic data for 2017 and it was a good year for Europe’s largest economy. It recorded solid growth of 2.2% and the government had a record budget surplus of 1.2% of GDP. That’s the eighth consecutive year of growth.
US President Donald trump has threatened online retailers such as Amazon with an internet tax for sales they make online. He said, they're going to have to start paying an internet sales tax because it's very unfair what's happening to our retailers all over the country that are put out of business.
Joining today’s Money Talk are Francis Lun of GEO Securities and Jonathan Garner from Morgan Stanley. Providing the view from down under is Toby Lawson from Societe Generale, Australia.
12/01/2018 - 8:08 Business and Market Discussion
Francis Lun, CEO of GEO Securities, comments that the Chinese authorities' order to halt the production of coal and steel in January will hamper industrial profits and he expects producer prices to go up.
Jonathan Garner, Managing Director of Research at Morgan Stanley, is optimistic about Hong Kong and mainland stocks but he expects interest rate rises to bite in the second half of the year and this year will not be as good as 2017.
12/01/2018 - 8:23 View from Australia