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 (Mon - Thu 8 to 9 a.m.; Fri 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") .
HSBC and Standard Chartered have broken their silence on the 11 weeks of anti-government protests that have rocked Hong Kong. Yesterday, the two banks took out newspaper adverts in Chinese in the local press condemning the violence in the territory and calling for a peaceful resolution to the political unrest. Yesterday, Cathay Pacific warned staff that their social media content would be heavily scrutinised, and said posts expressing support for the protests could fall foul of mainland China’s aviation authority’s strict new policy being forced on the airline.
Activity in America’s factory sector has contracted for the first time in a decade. The IHS Markit’s US manufacturing purchasing managers’ index dropped to 49.9 in August.
Joining today’s Money Talk are Francis Lun of GEO Securities and Kenny Wen at Everbright Sun Hung Kai. Also with us is Michael Every from Rabobank.
23/08/2019 - 8:09 Business and Market Discussions
Francis Lun, CEO of GEO Securities, comments that the ongoing demonstrations have caused a loss of confidence in Hong Kong, especially in the property, tourism and retail sectors.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai, says that the global economic slowdown will further damage Hong Kong’s banking industry.
23/08/2019 - 8:24 Fed Minutes & Jackson Hole
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.