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") .
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
US President Donald Trump has tweeted that China is sending “very strong signals” that it’s serious about trade negotiations. Yesterday, China’s commerce department acknowledged there was a timetable for the discussions and said it would implement the “agreed upon consensus” quickly. However, uncertainty remains over what commitments were made.
Ahead of today’s meeting in Vienna between Opec members and Russia, Donald Trump has urged oil producing nations to maintain oil output at current levels. He tweeted, “the world does not want to see, or need, higher oil prices.”
Canada has arrested the chief financial officer of China’s telecoms manufacturer Huawei. She is now facing extradition to the United States on suspicion she violated US trade sanctions against Iran.
On today’s Money Talk our guests are Nitin Dialdas from Mandarin Capital and Anthony Chan of Union Bancaire Privée. Also joining the programme to talk about intellectual property protection on the mainland is Benjamin Bai, Chief IP Officer for Ant Financial.
06/12/2018 - 8:08 Business and Market Discussions
Nitin Dialdas, Chief Investment Officer of Mandarin Capital points out that the inverted Treasury yield curve, which is an indicator of confidence in the economy going forward, is a more important factor for markets than trade tariffs.
Anthony Chan, Chief Asia Investment Strategist of Union Bancaire Privée comments that the announcements made by Trump and Xi after the trade talks reflect substantial disagreement and different expectations from both sides. Mr Chan adds that the bottom line for the trade talks has narrowed to whether the US wants to change China's industrial policy.
06/12/2018 - 8:20 BIP Asia Forum 2018