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") .
A series of geopolitical risks have rattled global markets. The deteriorating relationship between the US and China, the breakdown in Brexit talks, the disappearance of dissident Saudi journalist Jamal Khashoggi, the big losses by German Chancellor Angela Merkel's coalition partner the CSU in Bavarian elections, the impasse over Italy’s budget combined with warnings from the IMF/World Bank meetings on global growth have left investors rattled this morning. Chinese stocks have hit a four-year low, US stocks have endured a volatile session and gold has rallied.
In addition, debt is in focus. The latest US Treasury department data shows the US budget deficit this year has widened to the largest since 2012 after President Trump increased spending and cut taxes.
Former Federal Reserve chair Janet Yellen has criticised Donald Trump's recent attacks on the US central bank, calling them "damaging to financial stability".
16/10/2018 - 8:08 Business and Market Discussions
Connie Bolland of Economic Research Analysis comments that the world does not need another oil price rise, and that inflation will cause problems for emerging market countries.
Mandarin Capital's Sam Faveur believes that it is ludicrous to compare the decline in China A's share market this year with the US market in 1929 as Donald Trump has done.
16/10/2018 - 8:30-9:00 Paul Ryan and David Constello on Ireland Economy and Brexit
Paul Ryan, Head of the International Finance Division in the Irish Department of Finance points out that the Sino-US trade war is damaging the global economy and a no-deal Brexit will be disastrous for the future of UK and bad for Ireland.
David Costello, Irish Consul General to Hong Kong and Macau talks about the wider consequences of the Irish border problem and the Good Friday agreement
China has responded to the US decision to impose further tariffs on Chinese imports with tariffs of its own. It will implement tariffs on $16bn worth of US imports from 23 August, mirroring the US duties. Despite the trade war, China’s export growth beat estimates. Lower volumes to the US were offset by stronger growth to the rest of the world.
Six members of the board of electric car maker Tesla have confirmed it had "met several times over the last week" to consider Elon Musk’s proposal to take the company private. The statement comes amid mounting questions about the way Mr. Musk chose to disclose his intentions on Twitter and the source of his funding.
South Korea’s Samsung is to invest $22bn in new technologies including artificial intelligence, 5G mobile, electronic components for automotive cars, and the biopharmaceutical business. The electronics giant says it’s looking for new growth areas, after reporting its first drop in profits for seven quarters.
Saudi Arabia is to sell all its assets in Canada as the row over Canada’s criticism of the kingdom’s arrest of a women’s rights activist escalates. The Saudi central bank and state pensions funds have instructed overseas managers to dispose of equities, bonds and cash “no matter the cost.”
Reviewing the latest business headlines on today’s Money Talk are Karine Hirn from East Capital and Independent Analyst, Andrew Sullivan. Providing the view from Taiwan is Taipei-based Political Analyst Ross Feingold. After 8:30, we talk to Peter Ryan, the former Consul General of Ireland to Hong Kong & Macau.
09/08/2018 - 8:09 Business and Market Discussion
Karine Hirn, Partner at East Capital, says that the impact of the US tariffs on China has not yet been fully felt, and so far Chinese exports have held up well.
Independent Analyst Andrew Sullivan sees Hong Kong in a virtuous circle where new listings attract other IPOs, therefore helping the city become a listing hub for tech and biotech companies.
09/08/2018 - 8:24 View from Taiwan
09/08/2018 - 8:35 Consul General : Peter Ryan - Ireland