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") .
There was violence and chaos across Hong Kong yesterday as protesters disrupted the transportation network in support of a general strike and clashed with police. Teargas was fired in the central business district, a rarity during working hours. The editor of the Global Times warned that Chinese soldiers can go into Hong Kong to provide support at any time. The Hang Seng index plunged 2.6%, its biggest fall in three months.
Singles Day, China’s annual shopping and entertainment extravaganza has set a new record. An estimated half a billion shoppers spent a total of US$38.4 billion on Alibaba’s platforms during the 24 hours.
China’s Jingye Group has agreed in principle to buy British Steel for £70m, safeguarding up to 4,000 jobs in the UK. British Steel has only been kept running since it went into liquidation in May by loan guarantees from the UK government.
On today’s Money Talk, we’re joined by Connie Bolland of Economic Research Analysis and Andrew Sullivan from Pearl Bridge Partners.
12/11/2019 - 8:08 Business and Market Discussions
Connie Bolland, Founder & Chief Economist of Economic Research Analysis, says the Hong Kong unemployment rate will go up and small and medium-sized enterprises will suffer amid the ongoing protests.
Andrew Sullivan, Director of Pearl Bridge Partners, comments that the SAR government has disappointed expectations by not coming up with solutions to deal with the current social unrest.
Beijing has hit back at claims that it reneged on commitments made in previous trade negotiations with the US. China’s foreign ministry said yesterday that it was Washington that tried to change the terms of the negotiations by suddenly trying to force Beijing to increase the volume of goods it was willing to buy from the US as part of any agreement. Meanwhile Donald Trump called on the Fed to help it win the trade war. In a tweet, President Trump said if the Fed were to match the stimulus efforts being undertaken by the PBOC, the US would win easily.
WhatsApp has discovered what it describes as a targeted surveillance attack. Hackers were able to install spying software on smartphones and other devices by exploiting a major vulnerability in WhatsApp. The messaging service, which is owned by Facebook, said the attack targeted a "select number" of users, and was orchestrated by "an advanced cyber actor".
On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust and RTHK’s international economics correspondent, Barry Wood. Also with us is Fern Ngai, the CEO of Community Business to tell us about the results of Hong Kong’s LGBT+ Inclusion Index, which were announced last night along with one of the award winners, Nathalie Hobbs, Regional Managing Partner for Asia at Linklaters.
15/05/2019 - 8:08 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, comments that the G20 Summit next month is a great opportunity for Presidents Trump and Xi to upstage other global leaders and agree a trade deal.
RTHK’s International Economics Correspondent Barry Wood says that farmers in the US are still behind President Trump despite suffering from the collapse in the price of soybeans.
15/05/2019 - 8:21 LGBT+ Inclusion Awards
Fern Ngai, CEO of Community Business, says local companies are lagging behind in promoting a more inclusive and diverse culture, which is why the latest LGBT+ Inclusion Index is dominated by foreign firms.
Nathalie Hobbs, Regional Managing Partner - Asia at Linklaters, says that young people nowadays are keen to understand how companies promote an inclusive culture internally, before deciding whether to join the firm.