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") .
A series of geopolitical risks have rattled global markets. The deteriorating relationship between the US and China, the breakdown in Brexit talks, the disappearance of dissident Saudi journalist Jamal Khashoggi, the big losses by German Chancellor Angela Merkel's coalition partner the CSU in Bavarian elections, the impasse over Italy’s budget combined with warnings from the IMF/World Bank meetings on global growth have left investors rattled this morning. Chinese stocks have hit a four-year low, US stocks have endured a volatile session and gold has rallied.
In addition, debt is in focus. The latest US Treasury department data shows the US budget deficit this year has widened to the largest since 2012 after President Trump increased spending and cut taxes.
Former Federal Reserve chair Janet Yellen has criticised Donald Trump's recent attacks on the US central bank, calling them "damaging to financial stability".
16/10/2018 - 8:08 Business and Market Discussions
Connie Bolland of Economic Research Analysis comments that the world does not need another oil price rise, and that inflation will cause problems for emerging market countries.
Mandarin Capital's Sam Faveur believes that it is ludicrous to compare the decline in China A's share market this year with the US market in 1929 as Donald Trump has done.
16/10/2018 - 8:30-9:00 Paul Ryan and David Constello on Ireland Economy and Brexit
Paul Ryan, Head of the International Finance Division in the Irish Department of Finance points out that the Sino-US trade war is damaging the global economy and a no-deal Brexit will be disastrous for the future of UK and bad for Ireland.
David Costello, Irish Consul General to Hong Kong and Macau talks about the wider consequences of the Irish border problem and the Good Friday agreement
Donald Trump and Kim Jong-un will hold today the first ever meeting between a sitting US president and a North Korean leader. The White House said yesterday negotiations have “moved more quickly than expected” in advance of the summit. In a marked change of tone, North Korean state media said it’s time to "establish a new relationship" with the United States.
Donald Trump has resumed his tirade at other G7 leaders over trade, attacking Canada in particular. He then went on to criticise America's closest allies for their contribution to NATO tweeting that the US paid "close to the entire cost of NATO" to help protect countries that "rip us off on trade".
HSBC’s new CEO John Flint says the bank will invest $17bn in technology and China’s Pearl River Delta Region as it pursues a growth strategy once again. Standard Chartered plans to become the first global bank to apply for a Hong Kong virtual banking licence as it prepares to launch a new banking business in the SAR.
Chinese smartphone maker Xiaomi has posted a $1bn first quarter loss ahead of its IPO in Shanghai and Hong Kong. In its prospectus for what would be the world’s biggest IPO since 2014, Xiaomi says it will use 40% of the proceeds to fund its global expansion.
In the markets, US stocks are unchanged ahead of the Trump-Kim summit. Italian 10-year bond yields fell the most in 6 years after Italy’s new finance minister pledged to stay in the euro and cut the country’s debt.
Joining today’s Money Talk with their analysis are Connie Bolland of Economic Research Analysis and Jack Siu from Credit Suisse. Providing the view from Japan is Nick Smith at CLSA in Tokyo.
12/06/2018 - 8:08 Business and Market Discussion
Connie Bolland, Founder & Chief Economist of Economic Research Analysis, says the US wants a fast impact from the Trump-Kim summit while North Korea prefers taking gradual steps. How to approach the difference in the time frames will be a test of skills for the two leaders.
Jack Siu, Director & Senior Investment Strategist for Asia Pacific at Credit Suisse, holds a positive outlook on the global equity market for the second half of the year.
12/06/2018 - 8:24 View From Japan