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") .
US President Donald Trump has cast doubt that his summit with North Korea’s Kim Jong Un will go ahead on June 12as planned. Pyongyang said it could call off the summit if the US demanded that North Korea unilaterally relinquish its nuclear weapons.
China has announced it will cut automobile import tariffs from 25% to 15% starting July 1. However, US President Trump said yesterday he wasn’t satisfied with the US-China trade talks. He also denied reports of an agreement to save ZTE as criticism mounts in Washington of any moves to ease the sanctions on the company.
China could scrap all limits on the number of children a family may have by the end of the year. That sent shares in companies that make baby-related products surging in Shanghai yesterday.
On today’s Money Talk, Stewart Aldcroft of CitiTrust, Patrick Bennett from Canadian Imperial Bank of Commerce and RTHK’s international economics correspondent in Washington D.C., Barry Wood, discuss the latest business and finance news.
23/05/2018 - 8:07 Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, says that top end car manufacturers will benefit the most from the lowering of Chinese import duty on cars.
Patrick Bennett, Macro Strategist at Canadian Imperial Bank of Commerce, comments that inflation fears are rising in the markets and may push up the US 10-year treasury bond yield.
RTHK’s International Economics Correspondent Barry Wood says that the US can consider selling agricultural goods and liquefied natural gas to China, but won’t sell high-tech products which China can copy the technology from.
US and European stocks have been hit by fresh turmoil. All three major US stock indices have slipped backed into the red for the year and government bond yields have hit multi-year highs. Volatility has surged higher once again.
The Bank of England has left interest rates on hold at half a percent but says rates could rise earlier and by a “somewhat greater extent” than previously thought.
The latest trade data from the mainland shows imports surged last month by over 30.2% y/y. That’s led to the Chinese trade surplus falling to an 11-month low.
Hong Kong’s Mandatory Provident Fund recorded the highest annualised return in 7 years in 2017 and also saw the biggest increase in assets since the Fund’s inception in 2000.
Hong Kong cash machine operator JETCO has become the latest vendor to offer cashless payments in the city.
Joining today’s programme are Francis Lun, CEO of GEO Securities and Alan Luk, from Hang Seng Private Bank. On the phone from Singapore is Geoff Howie, Market Strategist at the Singapore Exchange.
09/02/2018 - 8:08 Business and Market Discussion
Francis Lun, CEO of GEO Securities, is of the opinion that heavily indebted conglomerate HNA is on the verge of collapse, but he expects that it would only have a limited impact on the Hong Kong stock market since HNA has only two listed companies on the HKEx.
Alan Luk, Head of Private Banking and Trust Services at Hang Seng Bank, comments that the market volatility is due to fears of higher interest rates but he doesn’t think the bull market is over.
09/02/2018 - 8:25 View from Singapore