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") .
UK Prime Minister Theresa May is writing to the EU to ask for Brexit to be postponed until 30 June or longer. The cabinet couldn’t agree on how long the delay should be for, but one ministerial source said it could be up to two years. EU Brexit negotiator Michel Barnier said the EU wouldn’t grant the request without a "concrete plan" from the UK about what they would do with it.
US officials are reportedly concerned that Chinese negotiators are pushing back against American demands in trade talks. Bloomberg said the Chinese have become less accommodative because they haven’t received assurances from the Trump administration that tariffs imposed on their exports will be lifted. However, the Wall Street Journal struck a more optimistic tone reporting that talks are in their final stages and Robert Lighthizer and Steven Mnuchin plan to fly to Beijing next week, to meet with Chinese Vice Premier Liu He.
Joining today’s Money Talk are Stewart Aldcroft of CitiTrust, Steve Wang from CITIC CLSA and Barry Wood, RTHK’s International Economics Correspondent in Washington D.C.
20/03/2019 - 8:08 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, says that the Fed is determined to raise rates, and it will be good for the markets if rates are increased marginally.
Steve Wang, Senior Credit Analyst from CITIC CLSA, however, comments that the market is expecting a rate cut by the end of 2019. Mr. Wang adds that the Fed should come up with a better action plan and do something new in tackling inflation.
RTHK’s International Economics Correspondent Barry Wood says that the enforcement of any trade deal arising from the negotiations with China will be critical to the US side.
Mainland smartphone maker Xiaomi has closed below its IPO price on its first day of trading yesterday. Xiaomi was the first company to list under Hong Kong’s new rules which allow companies with dual class shares to float on the local stock exchange.
Theresa May's Brexit woes have deepened as Foreign Secretary Boris Johnson becomes the latest minister to resign from her cabinet. Ratings agency Fitch says the resignations raise the political, economic and institutional uncertainties round the EU-UK Brexit negotiations.
Japanese car maker Nissan has become the latest auto manufacturer to admit to misconduct related to exhaust emissions and fuel economy measurements in final vehicle inspections at most of its factories in Japan. The company said that inspection reports were based on falsified measurements.
Tesla will raise prices for its models sold in China by 20%, after Beijing slapped a 25% punitive tariff on American-made automobiles. China’s commerce ministry said yesterday it would use the tariff revenues from its countermeasures to aid affected companies and employees.
On today’s Money Talk we’re joined by Hannah Anderson from JP Morgan Asset Management and Tariq Dennison of GFM Asset Management. Our regular Tuesday look at Japan comes this week from Marcel Thieliant, Senior Japan Economist at Capital Economics.
After 8:30 we meet Adam Goh, Co-Founder of innovative company Zapzapmath, that uses technology to make maths learning fun and easier for schoolchildren. We also talk to “Soul Rich Woman”, Genecia Alluora about female entrepreneurs in Asia.
10/07/2018 - 8:09 Business and Market Discussion
Hannah Anderson, Global Market Strategist from JP Morgan Asset Management, comments that investors have breathed a sigh of relief after there was no escalation in the trade war over the weekend.
Tariq Dennison, Portfolio Manager at GFM Asset Management, says that mainland smartphone maker Xiaomi was optimistic about the valuation for its IPO.
10/07/2018 - 8:25 View From Japan
10/07/2018 - 8:34 Zapzapmath
10/07/2018 - 8:46 Soul Rich Woman