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") .
The White House has reported this morning that President Trump will sign a spending bill to keep the government open but at the same time will declare a national emergency to bypass Congress and build a border wall.
US retail sales showed a surprise fall of 1.2% in December, the worst drop in 9 years. The data adds to evidence that the US economy is slowing with the consumer no longer enjoying tax cuts and facing higher oil prices.
China’s trade data in January has come in much stronger than expected. But trade with the US has fallen sharply as the effects of the trade war take hold. Bloomberg is reporting that President Trump is considering pushing back the deadline for the imposition of higher tariffs on Chinese goods by 60 days, to give negotiations more time to continue. The news agency is also reporting that trade negotiators for the US and China have made little progress in talks in Beijing with the two sides deadlocked over structural reforms to the Chinese economy demanded by the US.
Our expert analysis this morning is provided by Francis Lun of GEO Securities and Pete Sweeney at Reuters Breakingviews. Providing the view from down under is Toby Lawson from Societe Generale Australia.
15/02/2019 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities, comments that the local stock market is not as deep as it used to be, and so turnover did not soar as expected after the listing of tech giants such as Xiaomi.
Pete Sweeney, Asia Editor at Reuters Breakingviews, says that he feels suspicious about the rise in Chinese exports, while exports from Taiwan, South Korea and Hong Kong did not increase.
15/02/2019 - 8:25 View from Australia
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