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") .
The Federal Reserve has left interest rates on hold but hinted they would cut rates in the months ahead if the economic outlook weakens. FOMC members said that “uncertainties about the outlook have increased” and they would “act as appropriate to sustain the expansion”. Following the meeting, Fed fund futures are pricing in a 100% probability of a rate cut in July.
US Trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Osaka, ahead of the G20 summit, to meet with Chinese vice premier Liu He, to pave the way for the bilateral meeting between Presidents Trump and Xi. Mr. Lighthizer said there was a shared goal to resolve the trade dispute.
Our guests on Thursday’s Money Talk are Enzio von Pfeil of St. James’s Place and Mark To from the Wing Fung Financial Group. Providing the view from Taiwan is Political Risk Consultant, Ross Feingold.
20/06/2019 - 8:08 Business and Market Discussions
Enzio von Pfeil, Private Wealth Adviser at St. James’s Place, says the US consumer will have to foot a huge “consumption tax” as it is the consumer who will have to pay the higher import tariffs, and President Trump now wants the Fed to bale him out. Dr. von Pfeil adds that the Fed is way behind the curve.
Mark To, Managing Director of Asset Management from the Wing Fung Financial Group, does not expect a rate cut from the Fed in July, but more likely in Q4.
20/06/2019 - 8:25 View from Taiwan
Credit creation soared in China in March and banks extended far more new loans than expected. Chinese authorities have thrown stimulus equivalent to around 9% of GDP at the economy in the form of new credit during the first quarter of 2019, to stabilise the economy.
The latest trade data from the mainland showed a rebound in exports in March following a sharp fall in February because of the trade dispute with the US. However, imports fell much more than expected.
On today’s Money Talk, Alex Wong of Ample Capital reviews the latest business and financial market headlines. We’re also joined by Alexandre Giorgini, the Consul General of France in Hong Kong and Macau and Gérard Wolf, who is President of the task force for sustainable cities at MEDEF International, to talk about technology start-ups and innovation in France, featured at the “So French, So Innovative” pavilion as part of the ICT Expo which is currently taking place at the HK Convention Centre.
15/04/2019 - 8:08 Business and Market Discussions
15/04/2019 - 8:18 So French So Innovative
Alexandre Giorgini, the Consul General of France in Hong Kong and Macau, says that Hong Kong has been a special place for French businesses, since France has one of the biggest expatriate communities here.
Gérard Wolf, President of the task force for sustainable cities at MEDEF International, says that the challenge for Hong Kong and the Greater Bay Area, is how to provide a good living environment to citizens while stressing better environmental protection to combat climate change.