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") .
Federal Reserve Chairman Jerome Powell has hit back at President Trump’s criticism of the central bank for not cutting interest rates saying he wouldn’t “bend to short-term political interests.” Earlier in the day, St. Louis Fed President Jim Bullard ruled out a 50bps interest rate cut in July, sending US stocks tumbling.
Ahead of the G20 summit in Osaka, the Trump Administration has played down expectations of an end to the trade war. A US official said no new broad trade deal is expected to be made at the meeting and while there was a “pretty good chance” trade talks could restart he warned that the talks could take months or years to complete.
A crowdfunding campaign to bring the Hong Kong extradition bill protests to global attention through advertisements in international media during the G20 summit, has raised nearly HK$5.5 million, one full day ahead of their original time frame. The funding was over 180% of the original goal and more than 22,000 people made contributions.
Our guests on today’s Money Talk are Stewart Aldcroft of CitiTrust, Hannah Anderson from JP Morgan Asset Management and RTHK’s International Economics Correspondent, Barry Wood.
26/06/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, expects world leaders not to miss the opportunity to talk about the situation in Hong Kong at the G20 Osaka summit later this week.
Hannah Anderson, Global Market Strategist from JP Morgan Asset Management, says that the Fed will damage its credibility and independence if it reacts to President Trump's political interests.
RTHK’s International Economics Correspondent Barry Wood expects a positive outcome from the meeting between Presidents Trump and Xi at the G20.
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