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") .
The U.S. and China have signalled they are open to resuming trade talks. US Treasury Secretary Steven Mnuchin said officials are “available” for negotiations, as he called U.S. tariffs imposed on China a “modest” step aimed at levelling the playing the field. But he added that Beijing must commit to deeper economic reforms.
The prospect of talks restarting has given a boost to global shares with tech stocks on the NASDAQ hitting new records. Industrial metals also rebounded from their lows.
US Consumer Prices rose the most since December 2012 last month. The headline Consumer Price Index rose 2.9% year-on-year. Federal Reserve Chairman Jay Powell said tax cuts and spending increases could deliver a “significant” boost to the economy for at least the next three years. However, he warned that the evolution of trade policy was presenting the Fed with a “very challenging” situation.
UK Prime Minister Theresa May has announced her proposals for Britain’s future relationship with the EU after Brexit. Her white paper, which has already sparked the resignation of two Eurosceptic cabinet ministers, envisages a soft Brexit, with Britain retaining close economic ties with the EU. However, President Trump says the blueprint will probably kill any prospects of a UK-US trade deal.
Our final Money Talk guests for the week are Kenny Wen from Everbright Sun Hung Kai and Ronald Wan of Partners Financial Holdings. On the phone from Singapore is Geoff Howie, Market Strategist at the SGX. In part 2 of the programme, our Friday entrepreneur this week is Alex Gadotti, CEO, of e-commerce platform Zwoop. And finally, to round off an exciting week, we’re going to take a look at the Soccer World Cup with RTHK’s sports presenter Atom Cheung.
13/07/2018 - 8:08 Business and Market Discussion
Kenny Wen, Wealth Management Strategist of Everbright Sun Hung Kai, expects the Hong Kong stock market to be stuck in the 28,000 - 29,000 range in the short term. Mr. Wen adds that the US-China trade war will last for at least another 6 months.
Ronald Wan, Non-Executive Chairman of Partners Financial Holdings, comments that the share price of Xiaomi demonstrates a strong performance, and it has been admitted into various indexes. He adds that the real pressure on IPOs will be six months after the listing when the lock-up period ends.
13/07/2018 - 8:25 View From Singapore
13/07/2018 - 8:34 Entrepreneur : Alex Gadotti - Zwoop
13/07/2018 - 8:46 World Cup
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