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") .
Hong Kong’s Chief Executive Carrie Lam remains under pressure to resign, following the suspension of her controversial extradition bill, with protestors surrounding her office yesterday. Hong Kong stocks rose for the first time in four days, following Sunday’s estimated two million strong march and the climbdown over the bill.
The founder of Chinese telecoms giant Huawei, Ren Zhengfei, says US sanctions against his firm are likely to cost US$30bn in lost revenue over the next two years. He says sales of the company’s mobile phones overseas have sunk by 40% in the last month.
The new London-Shanghai Stock Connect programme was launched yesterday, allowing UK listed companies to sell Global Depositary Receipts in China and vice-versa. Chinese brokerage firm Huatai was the first company to trade under the scheme and its GDRs closed 3.7% higher on the day.
Joining Tuesday’s Money Talk is Connie Bolland from Economic Research Analysis. In the second part of the programme, we’re going to talk with Kyle Bass, Founder & Chief Investment Officer of Hayman Capital Management about the protests in Hong Kong.
18/06/2019 - 8:06 Business and Market Discussions
18/06/2019 - 8:19 Hayman Capital Management : Kyle Bass
Kyle Bass, Founder & Chief Investment Officer of Hayman Capital Management, says Hong Kong is the most leveraged developed economy in the world but mainland China is pushing a political button they don’t fully understand the potential repercussions of. He adds, the last 10 years have been the best decade Hong Kong has seen by importing US monetary policy. But now HK and the US are no longer synchronised and while there is free convertibility from HKD to USD, investors would be crazy not to convert to USD.
The World Trade Organization has warned of a global trade slow down. WTO economists said yesterday that global trade grew by 3% in 2018 and would slow to 2.6% this year. Credit ratings agency Moody’s warned that a global recession is “highly likely” if there was no trade deal in the next few months.
UK Prime Minister Theresa May will ask the EU for an extension to the April 11 Brexit deadline. Meanwhile, she said she will work with opposition parties to agree a plan on the future relationship with the EU.
On today’s Money Talk, casting their analytical eye over the day’s top business stories are Stewart Aldcroft of CitiTrust, Peter Churchouse from Portwood Capital and RTHK’s International Economics Correspondent, Barry Wood.
03/04/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, comments that the WTO is trying to encourage the US and China to reach a trade agreement at this crucial point when both nations seem to be close to a deal.
Peter Churchouse, Founder of Portwood Capital, says that the risk of a recession in the US has doubled based on signals from the bond market and he warns investors not to be too bullish on the global economy.
RTHK’s International Economics Correspondent Barry Wood says that he does not see a dramatically slowing US economy but a steady one with a slower pace of growth.