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.
The focus is on Canada this morning as it returns to the negotiating table to discuss a new NAFTA trade deal with the US following the bilateral agreement announced yesterday between the US and Mexico. US Treasury Secretary Steven Mnuchin says he is confident the US can reach a trade deal with Canada this week but if not, the US will impose auto tariffs on its northern neighbour.
US consumer confidence has hit an 18-year high with consumers feeling good about the current economic climate and a quarter of them expecting business conditions to improve over the next 6 months.
Donald Trump has accused Google of manipulating its search results to promote negative news stories about him ahead of positive ones. Google has denied the accusation, but the Trump Administration has confirmed that it’s considering regulating Google searches.
On today’s Money Talk we’re joined by Stewart Aldcroft of CitiTrust, Independent Analyst, Andrew Sullivan and RTHK’s International Economics Correspondent, Barry Wood. After 8:30 we chat with the CEO of China Light and Power, Richard Lancaster. In our emerging markets focus this week, we look at Saudi Arabia with Thomas Hugger of Asia Frontier Capital.
29/08/2018 - 8:09 Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, points out that car sales at the cheaper end of the market are falling, while the sale of luxury vehicles is holding up.
Independent Analyst Andrew Sullivan comments that consumers will eventually suffer from the extra costs arising from the US trade tariffs.
RTHK’s International Economics Correspondent Barry Wood says that Canada is having to negotiate a new trade deal with the US with a gun against its head.
29/08/2018 - 8:34 China Light and Power Group
29/08/2018 - 8:49 Emerging Markets Update : Saudi Arabia