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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
Donald Trump has stepped up his criticism of the Fed saying he was “not thrilled” by their decision to raise interest rates and the US central bank should do “what’s good for the country.” He went on to say “I should be given some help by the Fed” and he added that he would carry on criticizing the Fed if it continues to raise rates.
Apple has pulled 25,000 apps from its China App store following criticism that it was failing to adequately filter out banned material. Apple said it was acting to prevent gambling apps, which are illegal in China, from being accessed.
A nine-man Chinese delegation led by vice-commerce minister Wang Shouwen has arrived in Washington to discuss US-China trade relations. However Donald Trump says he doesn’t anticipate much coming from the talks, and said there was "no timeframe" for ending the trade dispute with China. He also accused China of currency manipulation.
On today’s programme we have Connie Bolland of Economic Research Analysis and Jack Siu from Credit Suisse. Our view from Japan this week comes from Naoyuki Yoshino, Dean & CEO of the Asian Development Bank Institute. After 8:30, we’ll learn about some of the differences the roll out of the 5G network will make for us with Wilson Chow from PricewaterhouseCoopers, Hong Kong. Finally, we’ll look at the latest developments in the world of exchange traded funds with Tobias Bland, CEO of EIP Alpha.
21/08/2018 - 8:08 Business and Market Discussions
Connie Bolland, Founder and Chief Economist of Economic Research Analysis, comments that US dollar assets are seen as a safe haven by investors and that has pushed the US dollar sky high.
Jack Siu, Director and Senior Investment Strategist for Asia Pacific at Credit Suisse, forecasts that the China A-share market will gain 10% in the next 12 months.
21/08/2018 - 8:25 View from Japan
21/08/2018 - 8:34 Tech Report : 5G Roll-out
Wilson Chow, Global Technology, Media and Telecommunications Leader at PricewaterhouseCoopers Hong Kong, talks about how 5G will change the way we live and work in Hong Kong. Mr. Chow adds that the development of 5G will support emerging technologies such as autonomous driving, virtual reality and e-sports.
21/08/2018 - 8:48 Exchange-Traded Funds
US President Donald Trump will hold his much-anticipated summit with North Korea’s leader, Kim Jong Un, on June 12 in Singapore.
A new political era has dawned in Malaysia as the world's oldest leader, 92-year-old Mahathir Mohamad, was sworn in as prime minister of Malaysia, and he signalled a tougher line on a surge of Chinese investment into the country.
The Bank of England has held interest rates steady and cut the UK growth forecast for the year down to 1.4%. Sterling fell after the decision to $1.352 and HK$10.61
Producer price inflation on the mainland has picked up for the first time in 7 months. However, the rise in consumer price inflation slowed to 1.8% in April as pork prices, which are weighted heavily in China’s CPI basket, dropped 16%.
US consumer prices climbed by a less than expected 2.2% in April compared to a year ago sending the 10-year Treasury bond yield 4bps lower to 2.96%.
On Wall Street, US stocks have moved into positive territory for the year with shares in Apple up for the ninth session in a row to a new record high. The Dow notched its sixth day of wins climbing 197 points to 24,739. The S&P500 and the NASDAQ were both up 0.9%.
Ratings agency Fitch has downgraded its view of the environment for Hong Kong banks citing concerns over the “growing influence of the links between Hong Kong and the mainland,” where “China's governance standards are substantially lower than Hong Kong's.”
On Money Talk this morning, we speak to Sabine Bauer, Senior Director for Financial Institutions at Fitch Ratings. We hear from Francis Lun of GEO Securities and Wendy Liu from Nomura. Giving us an update from Sydney is Toby Lawson of Societe Generale Australia.
11/05/2018 - 8:05 Sabine Bauer : Fitch Ratings
11/05/2018 - 8:09 Business and Market Discussion
However, Francis Lun, CEO of GEO Securities, disagrees with Fitch Ratings' assessment. He believes that the deterioration in China’s credit conditions will not affect the profitability of Hong Kong banks.
Wendy Liu, Chief Greater China Equity Strategist at Nomura, says that it will hard for China to reduce its trade surplus with the US by $100bn within this year. Ms. Liu points out that with the exception of high-end technology products, which are not for sale, there is not much to purchase from the US on China's shopping list.
11/05/2018 - 8:25 View From Australia