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
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