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") .
Ahead of tomorrow’s interest rate decision from the Federal Reserve, President Trump has warned the US central bank against making “yet another mistake.” He advised the monetary policy committee to “feel the market” as US stocks moved closer to a 2018 low this week.
Business confidence in Germany has sunk to the lowest level in more than two years, according to a survey from the Ifo Economic Institute. Trade friction, Brexit, and slower global growth are slowing the nine-year upswing in Germany’s economy and business expectations fell to a four-year low.Our panel of guests this morning consists of Marc Franklin from Conning Asia Pacific, Independent Analyst Andrew Sullivan and from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
19/12/2018 - 8:08 Business and Market Discussions
Marc Franklin, Senior Portfolio Manager from Conning Asia Pacific says President Xi Jinping and the Chinese communist party's credibility are being questioned because of the sharp economic slowdown and the lack of progress in trade talks between China and US.
Independent Analyst Andrew Sullivan forecasts opportunities in Vietnam and Cambodia in 2019 as companies relocate their factories there because of the trade war.
RTHK’s International Economics Correspondent, Barry Wood says the US Federal Reserve is probably at the end of its tightening cycle and he expects that this will be last rate hike. Mr Wood also forecasts that a trade agreement will be reached between the US and China in 2019.
Tesla’s Elon Musk has tweeted that he has secured the funding to take Tesla private in what would be the world’s biggest buyout. He said in a Twitter exchange with shareholders that existing investors would be able to retain their holdings and he hoped to remain as CEO. That news followed an earlier announcement that Saudi Arabia's sovereign wealth fund has built a US$2bn stake in the firm.
Japanese tech giant Softbank is considering a US$30bn IPO, which would be the world’s largest, for its domestic wireless operations, according to news reports.
Sweeping US sanctions against Iran have gone into effect. Donald Trump has tweeted that any company or individual that does business with Iran would not be able to do business with the US.
Apple has been dragged into the trade war after Chinese state media said the tech giant had benefited from cheap labour in China and needed to share more of its profit with the Chinese people or face "anger and nationalist sentiment."
Citibank has raised its mortgage rate for new borrowers in Hong Kong by 10 basis points. It’s the first mortgage rate rise for HK home buyers in 12 years.
In the markets the PBOC has calmed the currency markets and Chinese A-shares have rebounded with their biggest gain in over 2 years.
Joining today’s Money Talk are Stewart Aldcroft of CitiTrust, Andrew Collier, from Orient Capital Research and Barry Wood, RTHK’s International Economics Correspondent based in Washington D.C. Later in the programme we talk about the outlook for the shipping industry with Tim Huxley, Chairman of Mandarin Shipping. This week’s emerging & frontier markets focus is on Pakistan. Jeremy Zook of Fitch Ratings tells us about the economic problems new Prime Minister Imran Khan faces.
08/08/2018 - 8:08 Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust Limited, comments that the US sanctions on Iran will have a devastating effect on the Iranian economy.
Andrew Collier, Managing Director at Orient Capital Research, says that the Chinese central bank is trying to stabilise the yuan in the currency markets using forwards so that it doesn’t have to deplete its reserves.
RTHK’s International Economics Correspondent Barry Wood is confident that Tesla's Founder & CEO Elon Musk will have the funding for the buyout of the electric car manufacturer.
08/08/2018 - 8:34 HK Maritime Industry
08/08/2018 - 8:49 Emerging Markets Update : Pakistan