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") .
Minutes from the latest US Federal Reserve policy meeting show that policymakers felt there was very little risk to halting interest rate increases. The Fed discussed several headwinds to the US economy and decided a pause in rate hikes would give the FOMC time to assess the effects of a global economic slowdown on the US economy.
US President Donald Trump has threatened to impose tariffs on automobiles imported from the European Union, if the bloc doesn’t agree to a new trade deal. Speaking at a White House press conference he said, “if we don’t make the deal, we’ll do the tariffs.”
On today’s Money Talk, we have our regular weekly guest, personal wealth advisor Enzio von Pfeil with us, along with John Schofield of Apastron Investment. With this week’s view from Taiwan is Taipei-based Political Risk Consultant, Ross Feingold.
21/02/2019 - 8:08 Business and Market Discussions
Personal Wealth Advisor Enzio von Pfeil comments that the Fed is losing credibility as its decisions are being influenced by President Trump and the markets.
Talking about the US-China trade talks, John Schofield, Executive Director of Apastron Investment, says that the Chinese government has no intention of destabilising the yuan.
21/02/2019 - 8:25 View from Taiwan
The International Monetary Fund has cut its global growth forecast saying economic expansion was being propped up by increasingly unsustainable policies and being undermined by populist and nationalist policies. It went on to warn that if President Trump imposed further tariffs on China and on the auto sector, the combined effect would knock 1% off the US economy and 1.6% from China’s GDP in the long term.
President Donald Trump has repeated his threat to impose tariffs on $267bn worth of additional Chinese imports if China retaliates against the recent measures the United States has taken in the countries' escalating trade war. However, China’s Commerce Minister, Zhong San, said that the US should not underestimate China’s resolve and will and his country would not back down in the face of tariffs.
President Trump has also repeated his criticism of the US Federal Reserve saying he doesn’t like what the Fed is doing. Speaking on his way to a rally in Iowa, he said the Federal Reserve is moving too fast with interest rates increases, saying "I think we don’t have to go as fast” on rate hikes because there’s no inflation.
Ahead of Hong Kong Chief Executive Carrie Lam’s 2018 policy address later this morning, the CE has released a progress report on last year’s policy address saying that her “people-oriented initiatives" had provided improvements in assistance for low-income families and help for ethnic minorities. This year she is expected to focus on efforts to ease the housing shortage, removal of the controversial MPF mechanism and measures to boost innovation and technology in Hong Kong.
Joining Wednesday’s Money Talk are Stewart Aldcroft, Chairman of CitiTrust, Steve Wang, Senior Credit Analyst at CITIC CLSA and RTHK’s Washington based international economics correspondent, Barry Wood.
10/10/2018 - 8:08 Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, says that the US is attracting safe haven flows.
Steve Wang, Senior Credit Analyst at CITIC CLSA, points out that the Asian credit markets have been spooked by rising bond yields, and the correction in the Asian bond markets have been severe.
RTHK’s International Economics Correspondent Barry Wood says that the global economy has still not fully recovered from the financial crisis in 2008, and the IMF should focus on some of the positive aspects of global growth.