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
On today's Money Talk, analysing the business news headlines from around the globe are Tariq Dennison, Portfolio Manager at GFM Asset Management, and Nitin Dialdas, Chief Investment Officer at Mandarin Capital. Providing this week's view from Taiwan is Political Risk Consultant Ross Feingold.
23/05/2019 - 8:10 Business and Market Discussions
Tariq Dennison, Portfolio Manager at GFM Asset Management, expects that the US and China will probably reach a trade deal in the next 12 months, since President Trump will want to have something finalised before the 2020 US election.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital, comments that the manufacturing sector is under stress in the US-China trade dispute, but on the services side the US is still benefiting from Chinese investment and tourism, and therefore should try not to upset China too much.
23/05/2019 - 8:24 View from Taiwan