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") .
The global stock selloff has resumed on worries about trade, interest rate hikes, slowing growth in China and escalating international anger at Saudi Arabia over the disappearance and suspected murder of journalist Jamal Khashoggi. US Treasury Secretary Steven Mnuchin is the latest government official to withdraw from the Future Investment Initiative conference in Riyadh. The UK international trade secretary and the French and Dutch finance ministers have also pulled out of the event, dubbed “Davos in the Desert”.
UK Prime Minister Theresa May insisted yesterday that Britain can secure a good deal on Brexit but admitted that there were still “considerable outstanding issues” to be resolved. She said that Britain was considering a longer transition deal, beyond December 2020, to give the UK and EU more time to reach a trade deal and avoid a hard border in Ireland. The Confederation of British Industry said business’ patience was “nearing an end” and firms are accelerating their contingency planning, diverting investment and costing jobs.On Money Talk we're joined by Francis Lun of GEO Securities and Quentin Webb from The Wall Street Journal. On the phone from Sydney is Toby Lawson, Head of Global Markets for Societe Generale Australia.
19/10/2018 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities expects investment to slow sharply in Hong Kong, which will affect growth.
Quentin Webb, Asia Markets Editor at The Wall Street Journal says there is more wealth in the Chinese property market than the stock market, and the slowdown in the real estate boom will have a big impact on the mainland economy.
19/10/2018 - 8:20 View from Australia
The US Supreme Court has made a landmark ruling that could allow states across the country to legalise sports betting. Shares in gambling companies in the US and UK have surged on the news.
In the markets, the Dow is on its longest winning streak in 8 months, US 10-year treasury yields hit 3% once again and the dollar and oil price have both risen. There has been more volatility in emerging markets with currencies, bonds and stocks showing sharp price swings. MSCI has released the list of 234 Chinese A-shares that will be added to its emerging market index from June.
The news that President Donald Trump has done a U-turn at the request of President Xi Jinping and will try to help save the business operations of Chinese telecoms giant ZTE, has attracted criticism from both Republicans and Democrats in Congress. But China’s foreign ministry has praised the decision and says vice-premier Liu He will travel to Washington later today to continue trade discussions.
With us today are Connie Bolland of Economic Research Analysis and Rob Koepp from The Economist Corporate Network. We also get our weekly update from Japan. Joining us today on the line from Tokyo is journalist & author, William Pesek.
15/05/2018 - 8:08 Business and Market Discussion
Connie Bolland, Founder & Chief Economist of Economic Research Analysis, comments that US President Trump's reversal on Chinese telecoms company ZTE has indicated that some agreement has been reached between President’s Xi and Trump ahead of Chinese Vice-Premier Liu He's visit to Washington, and that China will likely bring a large shopping list to the trade talks with the US.
Rob Koepp, Director from The Economist Corporate Network, is hopeful that the new Malaysian coalition will have a positive impact on Malaysia’s stock market and investment in the country.
15/05/2018 - 8:25 View From Japan