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") .
UK and EU officials have agreed the draft text of a Brexit agreement after months of negotiations in Brussels. A special cabinet meeting will be held later today as UK Prime Minister Theresa May seeks ministers' backing. Leading Brexiteers and the Democratic Unionist party, which prop up Mrs May’s government, have urged cabinet ministers to reject the draft agreement, which they claim would keep the UK in a customs union with the 27-member bloc and hence under EU control.
The latest data from the mainland shows new bank lending falling sharply with businesses reluctant to invest as the effects of the trade war bites. Premier Li Keqiang said yesterday that China wouldn’t resort to massive stimulus to revitalise the economy but instead would focus on “creating fair and equal regulations.”
In the markets, energy stocks have tumbled after the biggest 1-day fall in oil prices in three years. Tech shares also remain under pressure ahead of third quarter earnings from Tencent after the close in Hong Kong later today.
Our Money Talk panel of guests today consists of Stewart Aldcroft of CitiTrust, Peter Churchouse from Portwood Capital and in Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
14/11/2018 - 8:08 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust says that the draft Brexit agreement is not satisfactory for those who wanted the UK to leave the EU and he expects that a substantial number of British conservative MPS will vote against it.
Peter Churchouse, Founder of Portwood Capital forecasts that there will be a 15-20% decrease in average house prices over the course of the next 12 months.
RTHK’s International Economics Correspondent Barry Wood believes that there will be a deal between US and China before the G20 summit at the end of the month.
US stocks have rebounded on Wall Street after President Donald Trump unveiled a $1.5 trillion infrastructure rebuilding plan. But the US budget for 2018/19 reveals that deficits will continue for at least another 20 years. Chinese stocks have also rallied after authorities urged funds to refrain from selling and ordered brokers to provide them with their trading plans for the week.
In Singapore, shares in exchange operator SGX tumbled over 7% after India’s main exchanges said they would no longer provide data to foreign bourses in order to prevent the growth of overseas listed derivatives on Indian benchmark indices, a major source of revenue for the SGX.
New loans made by Chinese banks hit a record high last month as the crackdown on shadow banking caused companies to turn to more traditional forms of lending.
This morning’s guests on Money Talk are Karine Hirn from East Capital and Ian Hui of JP Morgan Asset Management. Providing the view from Japan is Marcel Thieliant at Capital Economics.
13/02/2018 - 8:07 Business and Market Discussion
Talking about the US infrastructure spending plans, Karine Hirn, Partner at East Capital, comments that the Chinese government is spending far more and acting much quicker than the US authorities on infrastructure projects.
Ian Hui, Global Market Strategist from JP Morgan Asset Management, expects that after the US Congress has passed an infrastructure bill, the outcome will be very different from what President Trump originally announced.
13/02/2018 - 8:24 View from Japan
Marcel Thieliant, Senior Japan Economist at Capital Economics, expects that the Bank of Japan’s Governor Haruhiko Kuroda will likely be re-appointed for a second term, and Mr. Thieliant adds that the bank's Executive Director Masayoshi Amamiya will probably get one of the bank’s two Deputy Governor positions.