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") .
Joining today's Money Talk are Connie Bolland, Founder & Chief Economist at Economic Research Analysis, and Patrick Bennett, Macro-strategist at Canadian Imperial Bank of Commerce. Providing the latest update on Japan is Marcel Thieliant, Senior Japan Economist at Capital Economics.
19/06/2018 - 8:08 Business and Market Discussion
Connie Bolland, Founder and Chief Economist at Economic Research Analysis, forecasts that US President Trump's imposition of tariffs on China may last until the mid-term elections.
Patrick Bennett, Macro-strategist at Canadian Imperial Bank of Commerce, expects that the global asset and equity markets will be under pressure with a faster pace of inflation and a rise in trade protectionism.
19/06/2018 - 8:23 View From Japan
In an historic first ever meeting between the leaders of the U.S. and North Korea in Singapore yesterday President Trump and Kim Jong-un signed an agreement in which North Korea pledged to work towards the complete denuclearisation of the Korean peninsula. The summit has failed to excite US markets though and South Korea’s Kospi index closed virtually unchanged. The Korean won was firmer.
Electric car maker Tesla is to cut 9% of its workforce to bring down costs and become profitable. Tesla has more than 37,000 staff and the layoffs are thought to be the first in the company’s 15-year history. CEO Elon Musk said the cuts will not affect its ability to hit Model 3 production targets in the coming months.
US consumer price inflation has hit its highest level in 6 years. The data comes just before the US Federal Reserve is expected to announce a rise in US interest rates tomorrow.
Chinese telecoms firm ZTE will resume trading on the Hong Kong stock exchange today following an almost 2-month suspension, after an agreement was made between the White House and China to save the company. ZTE will resume business operations “as soon as practicable” after the sales ban is lifted, the company said.
Hong Kong Chief Executive, Carrie Lam, announced yesterday that the government was setting up an independent statutory commission to investigate sub-par works at Hung Hom Station on the over budget Shatin-to-Central rail link that left platforms not securely fixed to the walls. MTR bosses have been accused of changing their story over the safety scare and of trying to cover up the problem. Some lawmakers are calling for MTR Corporation chairman Frederick Ma to step down over the scandal.
On today’s Money Talk, analysing the latest business developments are Stewart Aldcroft of CitiTrust, Mark Michelson from IMA Asia and on the phone from Washington D.C., RTHK’s International Economics Correspondent Barry Wood.
13/06/2018 - Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, comments that the US attitude towards Canada on trade is not the right way nor the right language for international politics.
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia, says that a lot of work needs to be done within the region before denuclearization of the Korean peninsula can be achieved.
RTHK’s International Economics Correspondent Barry Wood says that the latest U.S. inflation report is within the Fed’s comfort zone.