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") .
The Chief Executive of the Hong Kong Monetary Authority, Norman Chan, warned yesterday that the Hong Kong economy faces additional headwinds because of three months of protests and predicted that the territory’s economy contracted in the third quarter.
President Trump’s China Advisor, Michael Pillsbury, said the US is ready to escalate the trade war if a deal isn’t agreed soon. He said tariffs on Chinese goods could go to 50% or 100%.
The Bank of England has kept interest rates on hold at 0.75%, in its last meeting before the UK is due to leave the EU but signalled that prolonged Brexit uncertainty could hurt economic growth and keep interest rates lower for longer.
The Bank of Japan held overnight interest rates at minus 0.1% but has called for a review of the economy and inflation at its next meeting in October and expressed concern that inflation was moving further away from its 2% target.
Our guests on today’s Money Talk are Ronald Wan at Partners Financial Holdings and Iris Pang from ING Wholesale Banking. We’re also going to look at the latest news from Saudi Arabia and the outlook for the oil price with Vandana Hari, Founder of Vanda Insights.
20/09/2019 - 8:07 Business and Market Discussions
Ronald Wan, Non-Executive Chairman at Partners Financial Holdings, comments that although the Chinese government is trying to boost the economy, if the trade war does not improve in the near future, the economic bubble may burst.
Iris Pang, Greater China Economist from ING Wholesale Banking, says that the HKMA base rate cut will not be passed on to the local money market and banks, and therefore cannot help Hong Kong's economy.
20/09/2019 - 8:24 Latest on Oil
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.