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 global stock selloff has resumed on worries about trade, interest rate hikes, slowing growth in China and escalating international anger at Saudi Arabia over the disappearance and suspected murder of journalist Jamal Khashoggi. US Treasury Secretary Steven Mnuchin is the latest government official to withdraw from the Future Investment Initiative conference in Riyadh. The UK international trade secretary and the French and Dutch finance ministers have also pulled out of the event, dubbed “Davos in the Desert”.
UK Prime Minister Theresa May insisted yesterday that Britain can secure a good deal on Brexit but admitted that there were still “considerable outstanding issues” to be resolved. She said that Britain was considering a longer transition deal, beyond December 2020, to give the UK and EU more time to reach a trade deal and avoid a hard border in Ireland. The Confederation of British Industry said business’ patience was “nearing an end” and firms are accelerating their contingency planning, diverting investment and costing jobs.On Money Talk we're joined by Francis Lun of GEO Securities and Quentin Webb from The Wall Street Journal. On the phone from Sydney is Toby Lawson, Head of Global Markets for Societe Generale Australia.
19/10/2018 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities expects investment to slow sharply in Hong Kong, which will affect growth.
Quentin Webb, Asia Markets Editor at The Wall Street Journal says there is more wealth in the Chinese property market than the stock market, and the slowdown in the real estate boom will have a big impact on the mainland economy.
19/10/2018 - 8:20 View from Australia
US stock index futures have been hit after the closing bell after the Trump Administration released its list of an additional $200bn in Chinese goods it will hit with 10% tariffs. There will be a 2-month consultation period before the President decides to go ahead with the imposition of more duties.
Fears of an escalation in the international trade war have led to confidence among investors in Germany tumbling in July, according to the ZEW economic institute. German leader Angela Merkel and Chinese Premier Li Keqiang reiterated their commitment to rules based global trade. Mr. Li said free trade was a key factor in promoting economic growth. Ms. Merkel said, “Germany supports the rules-based system of free trade and is therefore concerned when illegal tariffs are being levied.”
Tesla has signed an agreement with the Shanghai government to build a plant in the city with an annual capacity of 500,000 electric vehicles. BMW and Great Wall Motor will invest 5.1bn yuan in their joint venture in Jiangsu province, to produce 160,000 electric minis.
Dockless bike sharing company Gobee.bike has announced it will cease its Hong Kong operations next Wednesday, just 15 months after launch. Yesterday Gobee.bike said on its Facebook page that it could not make its business model profitable and the financial costs of maintaining the bikes was too high.
Our panel of guests this morning consists of Mark Michelson of IMA Asia, Andrew Peaple from The Wall Street Journal and RTHK’s International Economics Correspondent, Barry Wood.
In the second half of the show we talk to Jeff Streeter, director of the British Council in Hong Kong, about how they are encouraging creativity in the workforce. We also get an update on the latest developments in emerging markets with Michael Every, Head of Financial Markets Research for Asia-Pacific at Rabobank.
11/07/2018 - 8:08 Business and Market Discussion
Mark Michelson, Chairman of Asia CEO Forum at IMA Asia, points out that the impact of the ongoing trade war goes beyond tariffs, and companies operating in China may encounter more restrictions in running their businesses.
Commenting on Brexit, Andrew Peaple, Asia Markets and Heard on the Street Editor from The Wall Street Journal, says that British Prime Minister Teresa May has a good week after two pro-Brexit ministers left the cabinet, and that the path is now clear for a soft Brexit.
RTHK’s International Economics Correspondent Barry Wood comments that the setting up of a new factory by Tesla in Shanghai reflects the opening-up of the Chinese market as pledged by President Xi.
11/07/2018 - 8:34 British Council : Creativity in Workforce
11/07/2018 - 8:48 Emerging Markets Update