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") .
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
North Korea has cancelled high-level talks with South Korea saying military exercises between the US and the South were a "provocation". The North's official news agency also warned the US over the fate of the summit between Kim Jong-un and US President Donald Trump that is scheduled for June 12 in Singapore.
The World Trade Organisation has ruled that the European Union paid billions of dollars in illegal subsidies to Airbus. The ruling opens the way for the placing tariffs on EU goods by the US.
In the markets, the US 10-year Treasury bond yield has broken above 3% and is close to a 7-year high sending stocks on Wall Street sharply lower. The US dollar has surged, and emerging market currencies tumbled.
A new record price for residential land has been set in Hong Kong. Sun Hung Kai Properties paid HK$25.2bn for a plot at the former Kai Tak airport site. That equates to HK$17,776 per square foot.
On our panel discussion today are Stewart Aldcroft, chairman of CitiTrust and RTHK’s international economics correspondent Barry Wood. We’re also joined by Community Business CEO Fern Ngai and Brenda Alegre, assistant lecturer at the Faculty of Arts of HKU, who is one of the winners from last night’s LGBT+ Inclusion Awards Ceremony held in Hong Kong.
16/05/2018 - 8:08 Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, says that the Federal Reserve expects inflation in the US to rise, and will be more inclined to increase interest rates at its next meeting.
RTHK’s international economics correspondent Barry Wood comments that US President Trump treats sanctions on Chinese telecoms company ZTE as a playing card in negotiations with the mainland trade delegation, to force China to increase imports from the US.
16/05/2018 - 8:20 LGBT+ Inclusion Awards
Talking about the LGBT community in Hong Kong, Community Business CEO Fern Ngai points out that several high profile court cases last year have aroused public attention and helped educate people on issues about LGBT rights.
Brenda Alegre, a Filipino transgender woman and an assistant lecturer at the Faculty of Arts at the University of Hong Kong, says that it is a difficult time for transgender individuals in Hong Kong with a social culture of exclusion and no anti-discrimination policies available. She urges local society and businesses to recognise diversity and promote inclusion of various identities.