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") .
President Trump said he is imposing hard-hitting new sanctions on Iran, including on the country's Supreme Leader Ali Khamenei, the foreign minister and commanders in the Revolutionary Guards. Mr. Trump said the measures will lock up billions of dollars in assets. He added, the additional sanctions were in response to the shooting down of a US drone and "many other things". Iranian Foreign Minister Javad Zarif said the Americans "despise diplomacy".
President Trump has renewed his attacks on the Federal Reserve for failing to cut interest rates at its monetary policy meeting last week. In a series of tweets, he said that had the Fed knew what it was doing, the Dow would have been thousands of points higher, and GDP growth in the 4% to 5% region. He described the Fed as “like a stubborn child”, for not easing policy to make up for what other countries are doing against us.
China’s Assistant Minister of Foreign Affairs, Zhang Jun, said that China will not allow Hong Kong to be discussed at the G20. When asked if Trump and Xi would discuss the recent protests against the controversial extradition bill, he said, “Hong Kong matters are purely an internal affair to China. No foreign country has a right to interfere.”
On today’s Money Talk our guests are Connie Bolland of Economic Research Analysis and Patrick Bennett from the Canadian Imperial Bank of Commerce. Providing her update on the oil market is Vandana Hari, Founder of Vanda Insights.
25/06/2019 - 8:08 Business and Market Discussions
Connie Bolland, Founder & Chief Economist at Economic Research Analysis, comments that fundamentally the US economy needs a rate hike from the Fed rather than a rate cut.
Patrick Bennett, Macro Strategist from Canadian Imperial Bank of Commerce, expects that the meeting between Presidents Trump and Xi at the G20 summit later this week will prevent further deterioration in the trade relations between the two big economies, and the market will be quite satisfied with the outcome.
25/06/2019 - 8:24 Latest on Oil Market
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