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") .
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.
China's government has demanded the immediate release of Huawei’s chief financial officer, Meng Wanzhou, who was arrested by Canadian police in Vancouver on Saturday, at the request of the US, for allegedly violating American sanctions against Iran. China’s embassy in Canada called the move a serious violation of her human rights. Her arrest has raised concerns it could mar talks between the US and China over trade, just days after the two countries agreed a 90-day truce. The arrest has sent global stock markets reeling. However shares on Wall Street staged a recovery after a report in the Wall Street Journal that Fed officials were considering a pause in interest rate rises next year.
The latest data from the US Commerce Department shows the US trade deficit with China hit a new record in October. A drop in key exports such as soybeans was responsible for the rise in the deficit.
Joining today’s Money Talk are Francis Lun, CEO of GEO Securities and Richard Harris, CEO of Port Shelter Investment Management. Providing a perspective from down under is Toby Lawson, Head of Global Markets at Societe Generale Australia.
07/12/2018 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities says that China has surpassed the west in terms of telecommunications technology, especially 5G technology. Mr Lun adds that the US is trying to prevent the emergence of China and Huawei as 5G technology leaders, and wants to keep China as a second grade industrial power doing things such as assembling iPhones.
Richard Harris, CEO of Port Shelter Investment Management says that the current US-China trade war has turned into a tech war. Companies from the west are worried about their technology being stolen, whereas China feels it is a conspiracy by the west.
07/12/2018 - 8:20 View from Australia