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 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
The focus is on Canada this morning as it returns to the negotiating table to discuss a new NAFTA trade deal with the US following the bilateral agreement announced yesterday between the US and Mexico. US Treasury Secretary Steven Mnuchin says he is confident the US can reach a trade deal with Canada this week but if not, the US will impose auto tariffs on its northern neighbour.
US consumer confidence has hit an 18-year high with consumers feeling good about the current economic climate and a quarter of them expecting business conditions to improve over the next 6 months.
Donald Trump has accused Google of manipulating its search results to promote negative news stories about him ahead of positive ones. Google has denied the accusation, but the Trump Administration has confirmed that it’s considering regulating Google searches.
On today’s Money Talk we’re joined by Stewart Aldcroft of CitiTrust, Independent Analyst, Andrew Sullivan and RTHK’s International Economics Correspondent, Barry Wood. After 8:30 we chat with the CEO of China Light and Power, Richard Lancaster. In our emerging markets focus this week, we look at Saudi Arabia with Thomas Hugger of Asia Frontier Capital.
29/08/2018 - 8:09 Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, points out that car sales at the cheaper end of the market are falling, while the sale of luxury vehicles is holding up.
Independent Analyst Andrew Sullivan comments that consumers will eventually suffer from the extra costs arising from the US trade tariffs.
RTHK’s International Economics Correspondent Barry Wood says that Canada is having to negotiate a new trade deal with the US with a gun against its head.
29/08/2018 - 8:34 China Light and Power Group
29/08/2018 - 8:49 Emerging Markets Update : Saudi Arabia