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") .
Global risk appetite has improved overnight on hopes of an easing in US-China trade tensions and a further recovery for the Turkish lira.
China and the US will hold trade talks later this month in Washington. China's Vice Commerce Minister Wang Shouwen will meet with US Under Secretary for International Affairs David Malpass to discuss US-China trade issues. Donald Trump said yesterday that, “we very much want to talk to China but they’re not able to give us an agreement that is acceptable, so we’re not going to do any deal until we get one that’s fair to our country.”
The Turkish lira has continued its rally from record lows reached on Monday, but it is well off its highs of the day after Treasury Secretary Steven Mnuchin warned that Washington is preparing more sanctions for Turkey due to the lack of progress on the release of Pastor Brunson. Turkey’s finance minister, Berat Albayrak, set out plans to slash spending but stopped short of unveiling other plans that would lead to a stabilisation of the crisis.
Exports from the eurozone to the US rose by 3.9% in the first half of the year whilst imports from the dropped by 2.4%.
The HKMA bought another HK$5.02 billion on Thursday morning to prop up the local currency after buying total HK$11.77 billion in three purchases on Wednesday.
In the final Money Talk of the week, our regular Friday commentator Francis Lun, of GEO Securities is joined by Kenny Wen from Everbright Sun Hung Kai. Our weekly view from down under is provided by Toby Lawson at Societe Generale Australia. We also look at how big data is impacting the way in which healthcare services are provided to us in Hong Kong and China with Robin Weir, Director of Nine Health. Finally, we meet Horace Lam, the General Manager of Uber Eats in Hong Kong.
17/08/2018 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities, says that the key to tech giant Tencent’s share performance is whether it can continue its annual revenue growth of 30%, and Mr. Lun forecasts it’s not possible and he sees the shares declining to HKD$200.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai, advises investors to watch the key level of 26,700 in the Hang Seng Index, which would be a 20% drop from its peak.
17/08/2018 - 8:23 View from Australia
Toby Lawson, Head of Global Markets at Societe Generale Australia, comments that the visit by Chinese Commerce Vice-Minister Wang Shouwen to Washington is a small breakthrough in the trade talks between the two big economies, but Mr. Lawson says that there is still a long way to go before any deal can be reached.
17/08/2018 - 8:34 Robin Weir : Big Data in Healthcare
17/08/2018 - 8:48 Entrepreneurs : Horace Lam - Uber Eats