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 every weekday morning 8 to 8:30 a.m. 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") .
Shares in Hong Kong have fallen sharply after US lawmakers passed the Human Rights and Democracy Act in a move investors fear could jeopardise the ongoing US-China trade talks. However, Chinese vice-premier Liu He said he was cautiously optimistic about reaching an agreement with the US, even though he was “confused” about the US demands.
The Organisation for Economic Cooperation and Development has issued a new warning about a global economic slowdown because of a lack of action on climate change. It forecast global growth of 2.9% but says the lack of direction on climate policy is holding back business investment.
Office rental company WeWork, which lost nearly US$1bn in the first half of the year, is cutting about 2,400 jobs globally in an effort to stem its growing losses. In Hong Kong, 22% of the group’s 8,900 desks are unfilled.
On today’s Money Talk our guests are Francis Lun of GEO Securities and Ronald Wan of Partners Financial Holdings. With the view from Australia is Toby Lawson at Societe Generale Australia.
22/11/2019 - 8.08am Business and Market Discussions
Francis Lun, CEO of GEO Securities, says MSCI should review the criteria for including stocks in their benchmark indices following the 98% collapse of marble maker Artgo, which until yesterday had been the world’s best performing stock.
Ronald Wan, Non-Executive Chairman of Partners Financial Holdings, believes that the passage of the Hong Kong Human Rights and Democracy Act by the US Congress is more symbolic and will have no immediate impact on Hong Kong.
22/11/2019 - 8.23 am View from Australia
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.