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
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.