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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Just days before the G20 summit, President Trump has blacklisted more Chinese companies. The US Commerce Department announced on Friday it would ban five more Chinese tech companies from buying US components, after blacklisting telecom giant Huawei last month. The US says these companies “pose a significant risk of being involved in activities contrary to the national security and foreign policy interests of the United States.”
Chinese state media urged the US to drop its win-at-all-costs trade stance and consider the interests of its own people as well as the global community. The People’s Daily said in an editorial on Saturday that the US should cancel all tariffs on Chinese goods, saying the only way to resolve trade issues was through “equal dialogue”. The editor of the Global Times said China won't accept a deal that allows the US to keep tariffs on mainland products. White House trade advisor Peter Navarro said the level of additional tariffs had not yet been decided.
On Monday's Money Talk, reviewing the latest business and finance news headlines are Alex Wong, Director of Asset Management at Ample Capital, and Le Xia, Chief Economist for Asia from BBVA Research. For this week's view from the mainland we're joined by Michael Norris, Research and Strategy Manager at AgencyChina.
24/06/2019 - 8:10 Business and Market Discussions
Alex Wong, Director of Asset Management at Ample Capital, says that market expectations of a rate cut from the Fed and optimism about the meeting between Presidents Trump and Xi at the G20 Summit have boosted sentiment. Mr. Wong adds that the Fed may cut rates if the trade discussions do not go well.
Le Xia, Chief Economist for Asia from BBVA Research, comments that it is problematic to stimulate the Chinese economy if small banks on the mainland are not willing to lend more money.
24/06/2019 - 8:24 View from China
China has threatened to retaliate against an executive order from Donald Trump which bans Chinese telecoms giant Huawei from acquiring components & technology from US companies without government approval. China’s Foreign Ministry said China strongly opposes other countries imposing unilateral sanctions on Chinese entities and it will take measures to safeguard the rights and interests of its businesses.
China's holdings of US Treasuries fell in March for the first time in four months, dropping by US$10.4 billion from the previous month to a two-year low of U$1.12 trillion, according to the US Treasury Department. The country remains the top holder of US sovereign debt ahead of Japan.
On today’s Money Talk are Francis Lun of GEO Securities and Quentin Webb from The Wall Street Journal. Bringing us the latest news on the Australian election is Toby Lawson at Societe Generale Australia.
17/05/2019 - 8:06 Business and Market Discussions
Francis Lun, CEO of GEO Securities, expects that the Chinese government will eventually stimulate the decelerating economy on the mainland.
Quentin Webb, Asia Markets Editor at The Wall Street Journal, comments that the banning of Huawei from sourcing components and technology in the US will accelerate China's moves towards self-sufficiency in the high-tech market.
17/05/2019 - 8:20 View from Australia