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") .
The US has imposed sanctions on a dozen Russian and Chinese companies and individuals it accuses of helping North Korea's nuclear weapons programme. China has called on the US to "immediately correct its mistake" of punishing its firms.
Ford is in discussions with Chinese electric car maker Anhui Zotye Automobile to build cars under a new brand in the world’s largest automobile market. China already has more electric cars on the road than any other country and Ford said it expects sales of all-electric cars in China to reach four million by 2025.
In the markets US stocks have surged on reports that Donald Trump’s top aides and congressional leaders have made significant progress in shaping a tax reform plan. Investors are focused on the annual gathering of central bankers at Jackson Hole in Wyoming later this week. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi will both be speaking at the conference on Friday.
Joining today’s Money Talk are Stewart Aldcroft, Chairman of CitiTrust, Nitin Dialdas from Mandarin Capital and from Washington D.C., RTHK’s international economics correspondent Barry Wood. After 8:30 we examine the airline industry in Hong Kong with Will Horton from the CAPA Centre for Aviation. We also continue our series on “Global Supertrends.” In part 7 we look at affordable housing with Nicholas Brooke, Chairman of Professional Property Services.
23/08/2017 - 08:08 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust says Great Wall Motor's interest in buying Fiat Chrysler is not likely to happen, because capital controls in China will put an end to Great Wall's ambition.
Nitin Dialdas, Chief Investment Officer of Mandarin Capital expects European Central Bank President Mario Draghi to discuss a timetable for when QE could end at the Jackson Hole Symposium.
Barry Wood, RTHK's International Economics Correspondent based in Washington says Federal Reserve Chair Janet Yellen is expected to raise interest rates probably in December, as the current economic climate is good.
23/08/2017 - 08:33 Industry Focus: Airline
Will Horton, Senior Analyst for North Asia and Middle East, CAPA Centre for Aviation says the biggest issues facing the airline industry in HK is the slot shortage at HK Airport. He adds that Cathay Pacific's first half loss was due to the fact the company did not have enough risk management and got its fuel hedging wrong.
23/08/2017 - 08:45 Global Supertrends: Affordable Housing