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 draft Brexit agreement has led to political chaos in the UK with the British pound and London shares falling sharply. Several ministers have resigned, including the UK’s Brexit Secretary, who said the deal was “damaging for the economy and devastating for public trust in our democracy." Prime Minister Theresa May vowed to fight for the deal despite mounting calls for a no-confidence vote in parliament.
China’s cyber regulator will seek detailed logs of user activity and personal information from all technology companies and online service providers that could influence public opinion or spread social movements. That includes all the major tech companies on the mainland including Alibaba, Tencent and Baidu. The new rules will come into effect on November 30 and companies will have to provide to the internet regulator users’ real names, account numbers and hardware details, along with all their chat and call logs and online comments.
US stocks rallied overnight after an FT report that Donald Trump's chief trade negotiator Robert Lighthizer told business leaders the US was putting the next round of tariffs on Chinese imports on hold. However, the US Trade Representative's spokesperson has since denied that.
Joining today’s Money Talk are Francis Lun of GEO Securities and Michael Chang from Core Securities. On the phone from Sydney is Toby Lawson at Societe Generale Australia.
16/11/2018 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities says that Tencent's core gaming business is not growing, so it can no longer be considered as a growth stock. Mr Lun adds that he would not buy Tencent until its PE (price to earnings ratio) is in the 20’s.
Michael Chang, Vice President of the Securities Dealing Department at Core Securities points out that if Hong Kong loses its separate customs area from China, it will be very damaging for businesses in the city.
16/11/2018 - 8:20 View from Australia
Mainland smartphone maker Xiaomi has closed below its IPO price on its first day of trading yesterday. Xiaomi was the first company to list under Hong Kong’s new rules which allow companies with dual class shares to float on the local stock exchange.
Theresa May's Brexit woes have deepened as Foreign Secretary Boris Johnson becomes the latest minister to resign from her cabinet. Ratings agency Fitch says the resignations raise the political, economic and institutional uncertainties round the EU-UK Brexit negotiations.
Japanese car maker Nissan has become the latest auto manufacturer to admit to misconduct related to exhaust emissions and fuel economy measurements in final vehicle inspections at most of its factories in Japan. The company said that inspection reports were based on falsified measurements.
Tesla will raise prices for its models sold in China by 20%, after Beijing slapped a 25% punitive tariff on American-made automobiles. China’s commerce ministry said yesterday it would use the tariff revenues from its countermeasures to aid affected companies and employees.
On today’s Money Talk we’re joined by Hannah Anderson from JP Morgan Asset Management and Tariq Dennison of GFM Asset Management. Our regular Tuesday look at Japan comes this week from Marcel Thieliant, Senior Japan Economist at Capital Economics.
After 8:30 we meet Adam Goh, Co-Founder of innovative company Zapzapmath, that uses technology to make maths learning fun and easier for schoolchildren. We also talk to “Soul Rich Woman”, Genecia Alluora about female entrepreneurs in Asia.
10/07/2018 - 8:09 Business and Market Discussion
Hannah Anderson, Global Market Strategist from JP Morgan Asset Management, comments that investors have breathed a sigh of relief after there was no escalation in the trade war over the weekend.
Tariq Dennison, Portfolio Manager at GFM Asset Management, says that mainland smartphone maker Xiaomi was optimistic about the valuation for its IPO.
10/07/2018 - 8:25 View From Japan
10/07/2018 - 8:34 Zapzapmath
10/07/2018 - 8:46 Soul Rich Woman