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Peter Lewis: A fast moving and topical business and finance show.

    Money Talk



    Presenter:Peter Lewis

    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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .



    Business and Market Discussions / View from China

    U.S. Treasury Secretary Steven Mnuchin said yesterday the U.S. is “putting the trade war on hold” with China and will delay the imposition of tariffs. A joint statement from the U.S. and China at the end of bilateral trade talks in Washington said that China had agreed to buy “significantly” more US goods and services in an effort to reduce the trade imbalances between the two countries.

    Italy appears set to have a new government with Florence University law professor Giuseppe Conte chosen as the next Prime Minister. The latest development occurred after the two populist parties the 5-Star Movement and the far-right League reached an accord which promised to ramp up public spending, make billions of euros in tax cuts and to roll-back pension reforms introduced at the height of the 2011 debt crisis. Investors took fright at the proposals selling the countries shares and government bonds on Friday.

    Elsewhere in the markets a toxic combination of rising interest rates, a surging oil price and a strengthening U.S. dollar have sent emerging market currencies into a tailspin, suffering their worst week in a year and a half.

    Public consultations on a new minimum wage for Hong Kong, closed yesterday. The minimum wage is reviewed every two years and currently stands at HK$34.50. That compares to a national minimum wage in the United States of an equivalent HK$56.91 (US$7.25). Hong Kong’s unemployment rate hit a 20-year low of 2.8% in the 3-month period to April.

    Joining today’s Money Talk are Steve Wang from CITIC CLSA and Sam Faveur of Mandarin Capital. Providing the view from the mainland is Ben Cavender, of the China Market Research Group in Shanghai.

    21/05/2018 - 足本 Full (HKT 08:03 - 08:32)

    21/05/2018 - 8:09 Business and Market Discussion

    Steve Wang, Senior Credit Analyst at CITIC CLSA, comments that the US-China trade war is not over and there are still risks in resolving the trade tensions between the two countries. However, he adds that the joint statement is a good development.

    Sam Faveur, CEO and Founder of Mandarin Capital, says that the economic and fiscal policies of the coalition government in Italy could lead to market disruption.

    21/05/2018 - 8:24 View From China

    Ben Cavender, Principal at the China Market Research Group in Shanghai, points out that it is difficult for China to reduce the $200 billion trade deficit since that would affect the entire supply chain of Chinese companies and have long-term impacts.


    RTHK Radio 3


    Personal Wealth Adviser Enzio von Pfeil (left), Clara Chan (center), CEO of the metals firm Lee Kee Group, and Sunil Kashyap (right), Head of Asia at ScotiaMocatta


    Community Business CEO Fern Ngai (top left), Brenda Alegre (top right), assistant lecturer at the Faculty of Arts of HKU, Stewart Aldcroft (bottom left), Chairman of CitiTrust, and RTHK’s international economics correspondent Barry Wood (bottom right)


    Wealth Management Strategist Enzio von Pfeil (bottom), Anthony Neoh (top center), Honorary Chairman & Adviser of Alliance for Financial Stability, and Ross Feingold (top left), Taiwan-based Political Analyst & Senior Advisor at D.C. International Advisory


    Kurt Tong (left), the US Consul General to Hong Kong & Macau, and Stewart Aldcroft (right), Chairman of CitiTrust.


    (From left to right) David Kuhl, Peter Lewis, Maksim Balashevich & David Cohen

    Business and Market Discussions / View from Taiwan

    Presenter:Peter Lewis

    The wild swings in global stocks has continued for a fourth day with shares on Wall Street oscillating between losses and gains. US government bond yields have also jumped higher and are now almost back to where they were before the latest sell-off in shares began.

    China has responded to the US Trump administration’s slapping of tariffs on imports of solar panels and washing machines by filing a complaint with the World Trade Organisation. China says the tariffs are not consistent with international trade rules.

    US Senate leaders have reached a bipartisan budget deal that will keep the government funded for two years. It also significantly increases military and domestic spending by around $300 billion. However, the measure could face resistance in the House of Representatives.

    German Chancellor Angela Merkel's conservatives and the Social Democrats have agreed in principle on a coalition deal. Germany has been unable to cobble a government together for four months, the longest period without a government since the second world war. The latest agreement seems likely to break the deadlock and lead to the formation of a new government by Easter.

    On today’s programme, our regular Thursday guest, Enzio von Pfeil is joined by Steve Wang from CITIC CLSA. On the phone from Taipei is Maurice Lu of Sinopac Futures in Taiwan.

    RTHK Radio 3

    08/02/2018 - 足本 Full (HKT 08:03 - 08:32)

    08/02/2018 - 8:08 Business and Market Discussion

    Enzio von Pfeil comments that when he looks at his indicators, they show that the global “Economic Time” peaked last October and has been waning a little since then.

    Steve Wang, Senior Credit Analyst at CITIC CLSA, says that the way for Chinese companies to counteract the impact of tariffs by the US, is to produce better products that can compete with American goods.

    08/02/2018 - 8:24 View from Taiwan

    Maurice Lu, Deputy Chairman of Sinopac Futures in Taiwan, believes that the market will not go up much before the expected rise in US interest rates in March.