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 "MoneytalkRadio3") .
The Hong Kong General Chamber of Commerce has strongly condemned Sunday’s violence following a day of protest against the extradition bill. The chamber said the situation is raising concerns both locally and internationally about Hong Kong's commitment to the Basic Law and the rule of law. It called on the government to formally withdraw the bill “to show good faith” and set up an independent commission of inquiry into the tensions. Meanwhile, Donald Trump said that President Xi Jinping had acted responsibly in his handling of the Hong Kong protests, which Mr. Trump described as “relatively nonviolent.”
The Shanghai Stock Exchange's new Nasdaq-style technology board, the Star Market, launched yesterday morning with enormous gains for the first 25 companies to list. By the close, price gains ranged from 84% to 400% above their initial offering prices.
US negotiators led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin look set to fly to Beijing next week for the first face-to-face talks since President Xi and Donald Trump agreed to restart negotiations at the G20 summit last month.
A decision on whether Chinese telecoms firm Huawei should be excluded from the rollout of 5G mobile phone networks in the UK has been postponed. British Culture Secretary Jeremy Wright said the US ban on its companies from dealing with Huawei could have a potential impact on the future availability and reliability of Huawei's products.
President Trump has announced that a two-year agreement has been reached with Congress to raise America’s $22bn borrowing limit, which would remove the threat of a dangerous debt default in the coming months.
On today’s Money Talk we’re joined by Connie Bolland of Economic Research Analysis and Nitin Dialdas from Mandarin Capital. With the view from Japan is Naoyuki Yoshino of the Asian Development Bank Institute. After 8:30, we talk to Reeve Kwan, Co-Founder of Gogovan. We’ll also get an update on the outlook for the entertainment and media sector in Hong Kong and on the mainland with Wilson Chow at PwC.
23/07/2019 - 8:08 Business and Market Discussions
Connie Bolland, Founder & Chief Economist at Economic Research Analysis, comments that the development of the tech sector on the mainland is a priority because of the trade dispute with the US.
Nitin Dialdas, Chief Investment Officer from Mandarin Capital, says if the violence caused by the controversial extradition bill continues, it will cause more widespread economic damage to Hong Kong.
23/07/2019 - 8:24 View from Japan
23/07/2019 - 8:34 CEO - GoGoVan
23/07/2019 - 8:48 HK Entertainment & Media Outlook
Tesla’s Elon Musk has tweeted that he has secured the funding to take Tesla private in what would be the world’s biggest buyout. He said in a Twitter exchange with shareholders that existing investors would be able to retain their holdings and he hoped to remain as CEO. That news followed an earlier announcement that Saudi Arabia's sovereign wealth fund has built a US$2bn stake in the firm.
Japanese tech giant Softbank is considering a US$30bn IPO, which would be the world’s largest, for its domestic wireless operations, according to news reports.
Sweeping US sanctions against Iran have gone into effect. Donald Trump has tweeted that any company or individual that does business with Iran would not be able to do business with the US.
Apple has been dragged into the trade war after Chinese state media said the tech giant had benefited from cheap labour in China and needed to share more of its profit with the Chinese people or face "anger and nationalist sentiment."
Citibank has raised its mortgage rate for new borrowers in Hong Kong by 10 basis points. It’s the first mortgage rate rise for HK home buyers in 12 years.
In the markets the PBOC has calmed the currency markets and Chinese A-shares have rebounded with their biggest gain in over 2 years.
Joining today’s Money Talk are Stewart Aldcroft of CitiTrust, Andrew Collier, from Orient Capital Research and Barry Wood, RTHK’s International Economics Correspondent based in Washington D.C. Later in the programme we talk about the outlook for the shipping industry with Tim Huxley, Chairman of Mandarin Shipping. This week’s emerging & frontier markets focus is on Pakistan. Jeremy Zook of Fitch Ratings tells us about the economic problems new Prime Minister Imran Khan faces.
08/08/2018 - 8:08 Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust Limited, comments that the US sanctions on Iran will have a devastating effect on the Iranian economy.
Andrew Collier, Managing Director at Orient Capital Research, says that the Chinese central bank is trying to stabilise the yuan in the currency markets using forwards so that it doesn’t have to deplete its reserves.
RTHK’s International Economics Correspondent Barry Wood is confident that Tesla's Founder & CEO Elon Musk will have the funding for the buyout of the electric car manufacturer.
08/08/2018 - 8:34 HK Maritime Industry
08/08/2018 - 8:49 Emerging Markets Update : Pakistan